2/41I Murtha Drive, Elanora QLD 4221
2/41I Murtha Drive, Elanora QLD 4221
Rear duplex on large lot | 4-car parking unusual | Private level access | Downsizer or investor appeal | 1990 build with floating deck
This property stands out in Elanora for its unusual combination of a rear duplex position with a generous 374 m² lot and four-car parking capacity, which is rare for a two-bedroom dwelling in this price range. The level access, separate driveway, and single remote garage with two-way access give it a feel closer to a small house than a a standard attached unit, which broadens its appeal beyond typical duplex buyers. The floating deck and gas kitchen with dishwasher add practical lifestyle value, while the private, secluded rear setting suits downsizers seeking low-maintenance living without sacrificing outdoor space, as well as investors targeting tenants who prioritise parking and privacy. Built in 1990, the property offers a solid floorplan that competes well against newer stock by trading age for land and parking advantage.
The key value factor here is the land-to-parking ratio, which may command a premium over similar-sized duplexes in the street, but the single bathroom and 1990 build could limit appeal for families or those wanting modern finishes. The absence of multi-storey living may be a constraint for buyers seeking separation of space, though it also removes stairs for older occupants. The lack of a clear aspect or north-facing orientation might affect light quality, but the private rear position and closeable front gate should offset this for most buyers. Price expectations should be weighed against the functional layout and parking edge rather than compared to nearby unit sales on smaller lots.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/41I Murtha Drive, Elanora QLD 4221
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Elanora is a high-demand family suburb positioned as a value alternative to premium beachfront markets. Demand is driven by families, creating a tight, fast-moving market where houses sell in just 16 days. Recent price growth is robust, with house values rising over 12% annually, supported by strong rental yields above 4%. Future growth is linked to sustained family buyer absorption, though its pace makes it sensitive to broader economic shifts.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
4
Land
374m²
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