2 Balmoral Court, Urraween QLD 4655

Large 3271sqm block | 5 bed 4 bath prestige | 100% owner-occupied street | Hervey Bay hospital proximity The property’s primary buying case rests on its rare combination of a 3,271m² lot in a fully owner-occupied court, paired with five bedrooms and four bathrooms—configurations that are scarce in Urraween. This positions the buyer to capture a segment of the market that prioritises space and privacy over turnkey condition, particularly given the street’s prestige from nearby properties with ocean views. It serves best a buyer seeking land banking or a long-term family holding, where the 155m² floor size suggests scope for extension or renovation to unlock value from the land. The key risk is the recent sale at $1,280,000 in January 2025, followed by a relisting in April—this signals either a change in circumstance or a potential overpayment that may not be recoverable in a soft market where median 5-bed houses sit at $941,000. The buyer must negotiate hard below that recent transaction, as the 24% renter ratio in Urraween and zero auction clearance for 5-bed houses indicate limited urgency. Opportunity lies in the 93% long-term resident profile and hospital proximity, which support stable demand. Hold for five years or develop the land.