2/198C Hedges Avenue, Mermaid Beach QLD 4218

2/198C Hedges Avenue, Mermaid Beach QLD 4218
renovated townhouse on tightly held Hedges Ave | steps to Mermaid Beach | 3-bed single-bath configuration | motivated seller auction The buying case is built upon the rarity of a renovated property in a street that rarely trades. Demand unmatched by most coastal strips is generated by Hedges Avenue’s beach proximity and limited supply. A low-maintenance lifestyle suited to downsizers and professionals is offered by this townhouse. The renovation reduces immediate outlay for the buyer. The single bathroom is a limitation that may narrow appeal to families but it is less relevant for the target buyer. Body corporate obligations and beachside insurance costs are standard risks that must be accepted. The auction driven by a partnership dissolution indicates motivated selling, an opportunity for firm negotiation during due diligence. Tight supply on Hedges Avenue historically supports resale value offsetting these concerns.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 2/198C Hedges Avenue, Mermaid Beach QLD 4218
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Market Insight:

Mermaid Beach is a premium coastal suburb where strong investor demand, supported by resilient rental yields of 4.4% for units, meets constrained supply east of the highway. Recent annual growth of 6.0% for houses and 7.0% for units reflects this dynamic, with a balanced market evidenced by a modest vendor discount. The imminent completion of Light Rail Stage 3 in mid-2026 is a key future catalyst, though high median house prices above $3 million present an affordability constraint.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

1141mยฒ

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