18 Coral Cove Port Macdonnell SA 5291
18 Coral Cove Port Macdonnell SA 5291
Large coastal block in new estate | 2016 build with 5-car garage | High-ground elevation, bushfire overlay | Fixed wireless NBN, 5G coverage
This property presents a rare combination of a substantial, modern residence on a large block within a newer coastal development, offering a lifestyle proposition with significant utility. Its four-bedroom, two-bathroom layout and exceptional five-car garage capacity cater specifically to families or buyers requiring substantial space, positioned advantageously close to the coastline. The 2016 construction minimizes immediate capital expenditure, while the large land holding provides inherent scarcity value in the broader market context.
The primary risk mechanism is the identified bushfire overlay, which necessitates specific construction compliance and may impact insurance premiums. The property’s size and premium positioning command a higher entry cost, which is justified by its rental yield potential and appeal to a specific buyer segment seeking modern, spacious coastal living. This property is best acquired as a long-term hold, leveraging its durable features for capital growth. A professional property report would validate its market valuation against recent sales and detail locality-specific risk assessments for informed acquisition.
A comparable sale at 18 Meylin Street, Port Macdonnell, sold for $383,000. This is a 1950s-built house on 529m². The subject property’s $850,000 recent sale reflects a substantial premium for its vastly larger land, modern build, and superior accommodation, clearly segmenting it in the market. This disparity underscores the value placed on new, spacious homes in this location.
Detailed Independent Property Report prepared by PropCred Analyst team for 18 Coral Cove Port Macdonnell SA 5291
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Port Macdonnell presents as a tightly held coastal market, characterised by a mature demographic and limited housing turnover. Demand appears driven by lifestyle seekers, supported by a very low vacancy rate indicating strong rental competition. Recent price growth has been robust, though the market moves at a measured pace with properties taking time to transact. Future growth is underpinned by its coastal appeal and constrained supply, yet its sensitivity to broader economic conditions and the limited, aging population base present inherent market risks.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
5
Land
1680m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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