2/18 Andrews Close, Port Douglas QLD 4877
2/18 Andrews Close, Port Douglas QLD 4877
3-bed townhouse | 210m² internal area | gated beachside cul-de-sac | architect-designed villa
This property presents a competitively strong offering due to its generous internal area within a high-standard, gated complex directly adjacent to Four Mile Beach. The architect-designed features and single-level layout in a prestigious cul-de-sac serve a buyer seeking low-maintenance, secure beachside living of a calibre above typical strata stock. It best suits an owner-occupier or a premium holiday-let investor capitalising on Port Douglas’s high tourism demand.
The primary risk is the absence of recent comparable sales data for this specific unit, which obscures true market valuation and challenges financing. The compact 127m² lot limits capital growth tied to land value. Proceed only with a disciplined price based on recent complex sales, targeting long-term hold. Its rental appeal supports an investment, but its superior finish makes it an ideal permanent coastal residence.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/18 Andrews Close, Port Douglas QLD 4877
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Port Douglas presents a sharply bifurcated market. House prices, driven by strong demand from locals, semi-retirees, and tenants seeking to escape rising rents, surged over 20% annually to a $1.2M median. Conversely, unit prices declined ~3% despite higher rental yields near 7.6%. Demand is fueled by a preference for land, tourism-driven business needs, and critically low housing supply, with listings down 30%. Key risks include household income 9.1% below the regional average and the lagged impact of interest rate rises from southern states.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
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