2/21 Albatross Avenue, Mermaid Beach QLD 4218
2/21 Albatross Avenue, Mermaid Beach QLD 4218
Beachside house, 502m² block, 286m² build, pool & solar, redevelopment-ready street | Mermaid Beach blue-chip enclave | Strong owner-occupier and builder demand | No overlay restrictions detected
This house sits on a solid 502m² lot in one of Mermaid Beach’s most tightly held beachside streets, with a substantial 286m² building footprint that already delivers generous living space. The combination of a pool, solar panels, and full 5G and HFC NBN connectivity makes it immediately livable, while the absence of bushfire, flood, or heritage overlays simplifies any future renovation or extension. It suits a buyer wanting a move-in-ready coastal home with genuine redevelopment upside, particularly given the street’s established pattern of luxury rebuilds and approved high-end projects nearby. The 5m ground elevation and 15m roof height suggest a well-proportioned structure that holds its own against the premium stock in the immediate area.
The property’s value may be shaped by how its 57% building coverage compares to newer or approved designs on the street, which often push toward four-level layouts or larger footprints on similar or bigger lots. The 286m² building size is strong but not exceptional for the precinct, so condition and internal configuration will likely drive buyer perception more than raw dimensions. The 502m² land size sits between the smaller east-facing redevelopment sites and the larger absolute beachfront blocks, meaning its appeal may be strongest to those valuing a balanced lot with existing dwelling rather than pure land-bank potential. Market sentiment in this corridor has been firm, but the final price will hinge on how the home’s finishes and layout translate to a discerning coastal buyer.
|| Comparable Sales: 92 Albatross Avenue (405m², DA-approved, sold 2025) and 61 Albatross Avenue (810m², 515m² home) | Property Price Band: $2.0M–$2.1M | Value Drivers: Land size relative to street, existing dwelling quality, redevelopment flexibility
Detailed Independent Property Report prepared by PropCred Analyst team for 2/21 Albatross Avenue, Mermaid Beach QLD 4218
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Mermaid Beach is a tightly held Gold Coast premium market, with median house prices at $3.35 million and units at $976,279, growing 6.0% and 7.0% annually respectively. Demand is driven by strong rental appetite—unit yields run 4.1% to 4.4%—and scarcity of land east of the highway, while 168 rental listings confirm investor interest. Houses sell in roughly 28 days and vendor discounts of -0.59% point to a broadly balanced market. Light Rail Stage 3 completion in mid-2026 is the next major catalyst, with a completion premium expected near stations. Affordability is the key constraint, given entry-level two-bedroom houses at $1.17 million and interest-rate sensitivity that may temper investor demand.
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PropCred Estimated Value
Comparable Sales: 92 Albatross Avenue (405m², DA-approved, sold 2025) and 61 Albatross Avenue (810m², 515m² home) | Property Price Band: $2.0M–$2.1M | Value Drivers: Land size relative to street, existing dwelling quality, redevelopment flexibility
Bedrooms
2
Bathroom
2
Parking
2
Land
246m²
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