2 Marlin Drive, Wonga Beach QLD 4873

Large corner block near beach | 4-bed with new air-conditioning | Fixed rental to 2026 | Space for pool or shed This property presents a competitively strong offering due to its substantial land size and proximity to Wonga Beach, a combination that is inherently scarce. The house, while solidly built, is a standard 2004 construction; its primary advantage is the secure, medium-term rental income, making it immediately suitable for an investor seeking yield stability. The recent interior updates and separate living zone add functional appeal, positioning it well for either a long-term hold or a future owner-occupier seeking a coastal lifestyle with expansion potential. The decision hinges on the outdated comparable sales data and the property’s age, which introduce valuation risk and imply imminent capital expenditure for systems and maintenance. The opportunity lies in utilizing the generous land for value-adding improvements like a shed or pool, which would directly target the rental premium projected post-2026. Given the fixed income stream and development optionality, a strategic hold is justified, with a plan to reassess market positioning upon lease renewal. A unit at 2/12 Marlin Drive sold for $179,000 in May 2013. This ten-year-old data point for a smaller, different property type offers no credible benchmark for valuing this 4-bedroom house, underscoring the critical lack of current, direct sales evidence.