2/13-27 Fairway Drive, Clear Island Waters QLD 4226
2/13-27 Fairway Drive, Clear Island Waters QLD 4226
Compact 1-bed unit | North-facing golf outlook | Strong rental yield | Investor-friendly stock | Requires modernisation
This unit occupies a specific niche in the coastal apartment market, offering north-facing golf course views that are uncommon for a compact one-bedroom floor plan. The location within Clear Island Waters places it near the Broadbeach lifestyle hub, Pacific Fair, and public transport, which supports consistent rental demand evidenced by the current periodic tenancy at $600 per week. The complex provides shared amenities like a pool and secure access, while the low body corporate fees further improve the holding position. This property best serves an investor seeking a proven rental performer or a renovator looking to add value by updating dated interiors, as the building date from 1980 and the 53 square metre floor plan present a clear opportunity for modernisation.
As an older unit from the 1980s, its value may hinge on the condition of the individual apartment and the level of renovation required. The configuration is modest even by local one-bedroom standards, and comparable units within the same complex range from no parking to smaller layouts, so the single car space here is a relative strength but not exceptional. The flood overlay flagged for similar lots in the building is a factor worth investigating, as it could influence insurance costs or resale appeal. Any price assessment should weigh the immediate rental income against the likely capital investment needed to bring the interior finish up to the standard expected by modern owner-occupiers seeking golf-course frontage.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/13-27 Fairway Drive, Clear Island Waters QLD 4226
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Clear Island Waters is positioned as a premium Gold Coast suburb, evidenced by its high median house price. Demand is driven by sustained buyer activity, with strong recent sales volumes indicating robust market interest. House prices have experienced significant annual growth, while the unit market also shows solid appreciation. The market is characterised by relatively swift sales, with houses spending a median of just over a month on market. Future growth is supported by this high demand against a backdrop of limited current listings, though the primary constraint remains high affordability barriers for entry-level buyers.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
-
Land
2.1 acres
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