17 Mackay Close, Bundall QLD 4217

17 Mackay Close, Bundall | First sale in 40+ years | 707sqm flat block | No overlays | Benowa catchment The property’s primary buying case rests on its scarcity: a single-level house on a fully fenced 707sqm block offered for the first time since 1983, with no flood, bushfire, or heritage constraints. This combination is increasingly rare in Bundall. The 45% building coverage leaves meaningful scope for future reconfiguration or extension, and the existing in-ground pool and solar panels reduce immediate holding costs. For a buyer seeking a long-term family home or a patient renovation play in a well-located Gold Coast suburb with strong school catchments, this represents a clean entry point with limited competition from similar stock. The principal risk is the property’s age and condition—being unrenovated for over four decades, capital expenditure on structure, services, and finishes should be anticipated. This cost, however, is also the opportunity: a buyer who budgets for a considered refresh can unlock material equity uplift in a market where turn-key product commands a premium. The rental return of approximately $1,515 per week provides a credible holding strategy during works. Hold for medium-term capital growth or renovate to exit; the land component and location underwrite the downside.