13/97 Edmund Rice Drive, Southport QLD 4215
13/97 Edmund Rice Drive, Southport QLD 4215
1992 townhouse complex | near hospital and university | pool and tennis courts | flood and bushfire overlays present
This townhouse sits within a gated 1990s complex that offers a noticeably suburban layout compared to most Southport apartments, with private courtyards, dedicated parking, and resort-style shared amenities including a pool, spa, and tennis court. The configuration is ground-oriented and multi-level, which is relatively uncommon in this precinct and appeals strongly to buyers who want space and outdoor access without detached housing costs. The location near the Gold Coast University Hospital, Griffith University, and light rail supports consistent demand from medical and education workers, professional couples, and downsizers seeking low-maintenance living with good connectivity. The complex’s pet-friendly policy and renovated comparables suggest that updated units here attract a premium over older stock in the same estate.
The property sits within a flood overlay and bushfire overlay, which may affect insurance costs and renovation approvals, and should be reviewed carefully before any offer. Body corporate fees around $82 per week are typical for this complex and will factor into ongoing holding costs. The 1992 build era means that original finishes may need updating, and value is heavily influenced by bedroom count, renovation quality, and courtyard utility. Units with two bedrooms and one bathroom tend to sit at a lower price point than three-bedroom versions, so the exact configuration for this lot will determine its relative position. These factors may shape both resale potential and rental yield, which is estimated around 4.7 percent for the suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 13/97 Edmund Rice Drive, Southport QLD 4215
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
Southport is a key Gold Coast business hub, with demand driven by young professionals and constrained housing supply. House prices have surged (up ~18% annually), with a severe shortage of new stock against strong sales. Units offer more supply and higher yields (~5%), serving as an affordable coastal entry point. Future growth is anchored by the expanding Health & Knowledge Precinct, though house affordability remains a key constraint.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
245m²
URL has been copied successfully!