2 Harrington Court, Douglas QLD 4814

5 beds | 4 parking | master-built residence | secure enclave | premium finishes This property presents a competitively strong offering within its immediate micro-location, distinguished by its configuration and quality. The combination of five bedrooms and four car spaces, including dedicated covered parking for large vehicles, is a functional rarity that exceeds the typical four-bedroom, two-car format of Harrington Court. Its position as a master-built residence for the builder’s own family suggests a level of finish and thoughtful design not always present in speculative builds, further amplified by recent comprehensive upgrades. The secluded, secure setting within the tightly held Regatta Cove enclave, footsteps from parkland and the river, caters specifically to buyers seeking privacy and lifestyle, making it best suited for a family prioritizing space, quality, and a low-turnover neighbourhood over a central urban location. The decision hinges on reconciling its premium positioning with market evidence. The primary risk mechanism is the significant value uplift sought since its 2021 purchase; the vendor is asking a substantial premium for the upgrades and market movement, which must be validated against very limited recent comparable sales. The opportunity lies in acquiring a turnkey, above-average property in an enclave where such stock rarely transacts, providing immediate utility and potential long-term capital stability due to its scarcity attributes. Given the absence of direct five-bedroom comparables and the property’s clear functional superiority over recent four-bedroom sales, a firm but disciplined offer below the listed price, anchored by the cost of replicating its features, represents a sound commercial logic for a buyer intending to hold for the long term. Recent sales on Harrington Court provide essential context: – 6 Harrington Ct: 4 bed, 2 bath, 3 car, sold Nov 2022 for $1,085,000. – 2 Harrington Ct (this property): 5 bed, 2 bath, 4 car, sold Dec 2021 for $698,000. – Other sales are older than a decade and not directly comparable. The 2022 sale of a slightly smaller, inferior-configuration house at $1,085,000 establishes a credible baseline, against which this property’s additional bedroom, extra parking, premium features, and recent upgrades must justify its higher asking price. This gap requires careful negotiation.