17 Ware Drive Currumbin Waters QLD 4223
17 Ware Drive Currumbin Waters QLD 4223
Renovated 3-bedder on 1203mยฒ | Pool and solar | Catchment for Elanora schools | 90% owner-occupied street | Online auction 14 May.
This property offers a rare combination of a substantial 1203mยฒ lot and a recently refreshed interior, which positions it well above the suburbโs median for three-bedroom houses. The 26% building coverage leaves meaningful room for future extension or landscaping, and the pool and solar panels add immediate lifestyle and efficiency appeal. It serves best a buyer seeking a turnkey family home with land depth in a stable, long-term owner-occupied streetโdemand character here is low turnover and high resident retention, which supports capital stability.
The primary risk is that the property sits within a standard school catchment rather than a premium zone, which may cap future buyer pool depth. The auction format introduces price uncertainty, and the current rental yield of roughly $1,000 per week against a $1.629 million estimate is below typical investor thresholds. A buyer should treat this as a hold-and-enjoy proposition: the land-to-building ratio and street profile provide a solid base for gradual equity growth, while the renovation reduces near-term maintenance outlay.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Currumbin Waters is a high-demand, family-oriented suburb where established homes are transacting swiftly, indicating strong underlying demand from owner-occupiers. This is driven by its low-density residential character, appealing to couples with children seeking a settled environment. The market demonstrates robust price appreciation across both houses and units, with properties selling significantly faster than nearby areas. Future growth is supported by this sustained buyer activity, though the limited current supply for sale and rent presents a key constraint on availability.