142/4 Eshelby Drive Cannonvale QLD 4802
142/4 Eshelby Drive Cannonvale QLD 4802
Fully furnished | Tenanted with yield | Coral Sea views | Complex lot size | School proximity
This property presents a cash flow opportunity with immediate rental income, but the tenancy introduces inflexibility for owner-occupiers and complicates due diligence. The estimated yield is commercially attractive, yet the 1.33-acre lot size indicates a strata or community title, demanding scrutiny of body corporate fees and long-term capital expenditure. It is best held as an investment, not a primary residence, leveraging its furnished, turn-key state.
Its competitive strength is the rare combination of a high-yielding tenancy and premium Coral Sea views from a private balcony, a pairing uncommon in this price segment. This serves the investor seeking instant income over renovation, positioned within walking distance of a primary school. The absence of recent comparable sales locally necessitates a valuation conditioned on the tenancy agreement.
To secure this income-generating view, commission a strata report and a review of the existing lease.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Cannonvale is a high-growth coastal suburb with a young, trades-oriented demographic and 52.7% owner-occupancy. Demand is driven by lifestyle buyers and a tight housing supply, with population growth of 15.4% over five years. House prices, around $850k, have grown over 14% annually, while units have surged over 23%, supported by strong rental yields near 6%. Future growth is underpinned by significant regional investment and master-planned communities, though risks include a persistent undersupply of houses and uneven unit market performance.