11 Major Mitchell Drive, Upper Coomera QLD 4209
11 Major Mitchell Drive, Upper Coomera QLD 4209
Large 1,232m² block | low 28% building coverage | bushfire overlay present | strong rental yield potential.
The property’s primary buying case rests on the rare combination of a generous land holding and a relatively modern five-bedroom home, built in 2011. The low building coverage of 28% provides significant future flexibility, whether for extension, landscaping, or a secondary dwelling, which is a structural advantage over most houses in the area. The established solar panels and pool reduce ongoing living costs and add lifestyle appeal. This property best serves a buyer seeking land value growth with immediate rental income, as the estimated weekly rent of $1,260 to $1,460 supports a strong yield.
The detected bushfire overlay is the key risk, potentially increasing insurance premiums and imposing stricter building or clearing requirements, which should be quantified before purchase. However, the absence of flood or heritage overlays simplifies due diligence. The 2018 sale at $845,000 shows substantial capital growth, and the current valuation of $1,866,000 reflects that trajectory. For a buyer, this property should be held as a long-term land bank with rental income offsetting holding costs, not a short-term flip.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Major Mitchell Drive, Upper Coomera QLD 4209
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Upper Coomera is a high-demand, family-oriented market positioned as a relatively affordable alternative to coastal Gold Coast suburbs. Demand is driven by local families, renters converting to first-time buyers, and interstate relocators, with strong activity in key estates near amenities. Recent data shows robust house price growth between 13.6% and 18.3%, with a median around $1.06M, and houses selling in just 13-17 days. Future growth is underpinned by tight supply and sustained buyer interest, though this limited stock remains a key constraint for purchasers.
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PropCred Estimated Value
Bedrooms
5
Bathroom
3
Parking
4
Land
1232m²
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