12/174 Galleon Way, Currumbin Waters QLD 4223
12/174 Galleon Way, Currumbin Waters QLD 4223
4-bed ground-floor villa|single garage + off-street park|new floors, blinds and kitchen|mixed-use complex|steady, low-turnover Currumbin pocket
A four-bedroom, ground-floor unit is rarely found in this configuration within the Currumbin Waters strata market. The property sits at the larger end of the internal mix at 174 Galleon Way, where the predominant unit configurations are smaller. Extra space is provided by that fourth bedroom, and a single garage with an additional off-street park extends its convenience. Immediate refurbishment burden is removed by the new laminate flooring, new blinds, and new cooktop and oven. Comfort is supported by high ceilings and ceiling fans, and a practical outdoor zone is offered by the secure yard without the upkeep of a large block. Families and downsizers are best served by this unit, as it delivers low-maintenance living within walking distance of shopping, transport, and parklands, and the long tenure patterns in the complex suggest a stable, owner-occupied environment.
The mixed-use nature of the broader 174 Galleon Way precinct, with medical, office, and café tenancies, may temper the exclusivity that some buyers expect from a purely residential address. Value might also be shaped by strata levies and the absence of private land ownership, as this is a villa-style unit rather than a freestanding house. A modest premium may be supported by the newly updated internal finishes, but the single bathroom could limit appeal for larger families. Weight should be given to the convenience of the location against the shared-site character.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/174 Galleon Way, Currumbin Waters QLD 4223
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Currumbin Waters sits on the southern Gold Coast, a predominantly low-density, family-oriented suburb where demand is led by mortgage-financed couples with children, typically around age 43. House prices have moved to a $1.445 million median with 8.65% annual growth, while units sit at $860,000 with 12.42% growth; alternate listing data puts houses closer to $1.55 million, confirming a tight market. Stock is scarce—just 13 properties for sale and 11 rentals last month—and houses sell in 22 days, faster than nearby Palm Beach. The low-density zoning and rural land cap future supply, supporting price pressure. However, affordability is the key risk: with a median house price above $1.4 million, any rise in rates or borrowing costs would test a buyer pool that is already concentrated in upper-middle-income households.
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PropCred Estimated Value
Comparable Sales: 37/174 Galleon Way sold $805,000 (3/2/2) | Property Price Band: $800K-$900K | Value Drivers: updated kitchen and floors, extra bedroom, secure outdoor space
Bedrooms
3
Bathroom
2
Parking
1
Land
249m²
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