12/3 Sykes Avenue, Kings Beach QLD 4551
12/3 Sykes Avenue, Kings Beach QLD 4551
12/3 Sykes Avenue, Kings Beach QLD 4551 is a 2-bedroom, 1-bathroom, 1-car unit/apartment in the Spanish Villas complex, on a 108 m² lot, with a sale history showing $273,000 in 2015 and an estimated/asking range around $744,000–$779,000 in current market listings. The property was listed for sale as an apartment/unit in Kings Beach.
2 bed 1 bath unit | elevated balcony ocean glimpses | larger 108m² footprint | pool complex Kings Beach | original condition tenanted
This unit occupies a strong position within Kings Beach’s tightly held apartment market, primarily due to its larger-than-average 108 m² footprint and elevated balcony offering genuine ocean glimpses and a leafy coastal outlook. The Spanish Villas complex adds further appeal with its in-ground pool and proximity to the beach, cafes, and parks. For a lifestyle buyer or downsizer seeking low-maintenance beachside living, this property delivers a rare combination of generous internal space and outdoor amenity. Investors are also well served here, as the unit is currently tenanted at $575 per week with a similar unit in the same complex achieving $650 per week, indicating active rental demand and a gross yield in the 3.8% to 4.3% range. The original condition described in listings suggests this unit may trade at a discount to renovated stock, making it a viable candidate for value-add through cosmetic updates.
The property’s value is most likely influenced by its original finish level and the absence of confirmed floor level or view permanence from supplied information. While the larger footprint and complex pool are clear strengths, buyers should weigh the cost and scope of any desired upgrades against the asking price range implied by nearby sales. The tenancy until October 2026 at $575 per week provides immediate income but may limit owner-occupier access or renovation timing. The combined bathroom and laundry configuration may also feel dated to some purchasers, though it is consistent with the building’s era. These factors do not diminish the property’s appeal but do warrant careful comparison with recently updated units in the same pocket.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/3 Sykes Avenue, Kings Beach QLD 4551
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
URL has been copied successfully!
Market Insight
Kings Beach is positioned as a premium lifestyle suburb within the Sunshine Coast’s southern corridor, characterised by high house prices and a mature demographic. Demand is driven by a strong spillover from Brisbane, amplified by Olympic-related interest, and sustained by the region’s lifestyle appeal. House prices have surged nearly 20% annually, reflecting intense competition in a supply-constrained market where demand continues to outpace availability. Future growth is underpinned by these persistent supply-demand dynamics, though key risks include buyer affordability constraints and potential sensitivity to interest rate hikes, which could temper activity.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
108m²
URL has been copied successfully!