16 Mctaggart Place, Carrara QLD 4211

16 Mctaggart Place, Carrara QLD 4211
3 bed on 668m² cul-de-sac | elevated 17m no flood overlay | in-ground pool & solar | median bathrooms & parking | 4% gross rental yield This property presents a competitively strong landholding in a stable residential setting, distinguished by its absence of hazard overlays and its substantial, usable block with a 16% building coverage. The in-ground pool and solar infrastructure are permanent amenities that align precisely with the family demographic drawn to the confirmed school catchments, while the low coverage ratio signals significant expansion potential for a future owner. Its configuration, though standard for the suburb on bedrooms, carries a functional deficit against the median in bathrooms and parking, which permanently positions it for a specific buyer segment-those valuing land and lifestyle features over internal multiplicity. Proceed with the understanding that its pricing near the upper domain estimate demands validation through immediate comparable sales analysis, a critical risk given the provided data gap. The commercial logic lies in capitalizing on the land bank and the yield, which is sustainable given the rental range stability, but requires budgeting for immediate upgrades to address the bathroom and carport shortfall. Acquire this as a long-term hold for owner-occupation with renovation scope, or as a rental targeting families; its value trajectory is fundamentally tied to land appreciation in Carrara, not its current built form.

Market Insight:

Carrara is a high-growth Gold Coast suburb, with its median house price of $1.23M indicating premium positioning. Demand is driven by a growing, established demographic, evidenced by strong annual sales volumes. The market is active, with houses appreciating 6.91% annually and units surging 11.45%, while a median of 20 days on market confirms tight conditions. Future growth is supported by solid rental yields and infrastructure links, though the premium price point presents a key affordability constraint.

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

668m²

Built

Recent Assessments