15/28 Pelican Waters Boulevard, Pelican Waters QLD 4551
15/28 Pelican Waters Boulevard, Pelican Waters QLD 4551
Renovated 2‑bedroom apartment | three balconies and private garden | elevated position in small complex | appeals to downsizers and lifestyle buyers
This apartment is competitively strong because it offers the space and privacy of a detached house while remaining low‑maintenance. The recent renovation, with new flooring and fresh paint, means no immediate work is required. The three balconies and exclusive‑use garden area are rare for a unit in this price range and give the property a distinct edge over standard two‑bedroom stock. Located in a small complex of only 19 properties, it suits buyers seeking a quieter coastal setting with a garage and two bathrooms. It serves best as a permanent home for downsizers or as a lifestyle retreat for owner‑occupiers who value indoor‑outdoor living over density.
Several factors may affect the property’s value. The elevated position offers outlook and privacy but might limit accessibility for those with mobility concerns. The building’s age is not confirmed, so the condition of common areas and structural elements should be inspected. Without school catchment data or nearby development details, the broader context for price growth is unclear. The exclusive‑use garden and multiple balconies are strong differentiators, yet the lack of shared amenities like a pool or lift could narrow appeal for some buyers. These points should be weighed when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 15/28 Pelican Waters Boulevard, Pelican Waters QLD 4551
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Pelican Waters is a premium canal estate positioned for affluent lifestyle buyers and investors, with its 60-69-year-old professional demographic driving demand for waterfront properties and boating access. The market demonstrates robust conditions, with a median house price of approximately $1.45 million and strong annual capital growth between 5.7% and 7.8%, supported by high population growth. Future demand is fueled by this demographic influx and limited new supply, though high price points constrain affordability and the market remains sensitive to interest rate movements given rental yields around 4.5-5%.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1.13 acres
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