18 Richard Street, Urangan QLD 4655
18 Richard Street, Urangan QLD 4655
Duplex on one title | no body corporate | 720m to beach | low density multi-residential zoning | 931mΒ² block
This property presents a rare, unencumbered duplex configuration on a single title, eliminating body corporate fees and complexities. Its low-density multi-residential zoning on a substantial near-beach block offers a strategic positional advantage, serving an investor seeking direct control or an owner-occupant valuing flexibility for dual income or extended family living within a tightly held format. The absence of comparable sales for this specific configuration underscores its scarcity, but general demand for four-bedroom homes in Urangan is established.
The primary risk is pricing a unique, non-strata title duplex without direct sales evidence, relying on inferred value from standard house sales. The commercial opportunity lies in the land’s development potential under its existing zoning, offering a future densification option. Acquire this for long-term hold, leveraging dual rental income immediately while retaining the optionality of the underlying land value.
Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ
Market Insight:
Urangan’s property market is characterised by strong house price growth, with median values between $725k and $763k and annual gains of 7.7% to 16.95%, indicating robust demand. This demand is primarily driven by the rental market, where weekly rents for houses have increased by up to 8.3%, reflecting high tenant competition. However, a key constraint is emerging buyer caution, evidenced by houses taking 21 to 63 days to sell, suggesting a more measured market pace despite the upward price momentum.