16 Inveray Avenue Benowa QLD 4217

Single?storey resale on flood?free land | strong owner?occupier majority in suburb | no recent rental history | rooftop solar and pool add utility This property carries minimal risk from environmental overlays but trades exposure to macro interest?rate sensitivity in the upper?quartile Gold Coast market. The wide rental?estimate spread implies a buyer should underwrite a yield below 3.2% gross if relying on income cover. The 32% building coverage leaves sub?floor or lateral extension potential, though the existing pool and solar already capitalise on the north?east orientation. On balance, treat the house as a medium?term hold in a supply?constrained catchment: the 2014 entry cost is irrelevant to your forward position, but the absence of flood or heritage constraints is a genuine liquidity advantage at resale. The comparative strength here is land?to?improvement ratio on a 771 sqm lot with just 249 sqm built – rare in Benowa’s current stock. Benowa School catchment and 78% owner?occupancy reduce vacancy risk for owner?occupiers and lower leverage for investors. The 5?metre ground elevation and satellite?derived roof height confirm it sits above road level, a subtle but valuable flood?perception advantage when comparable streets suffer discounting. This property best suits a buyer prioritising detached?house zoning depth over immediate gloss; the solar array further lowers holding cost. Your next step is to verify easements on Lot 40 RP28648 and commission a structural inspection before any offer, as the satellite confidence level warrants on?ground confirmation of the roof condition. Sales comparables: 26 Inveray Avenue at 173 sqm building for $1.649m implies a building?value discount of roughly $150k for 76 fewer square metres. The subject’s larger floor plate and pool justify a premium but the offer level sits near the top of the range. No recent rental can be observed.