2 Tillys Place, Burleigh Heads QLD 4220

2 Tillys Place, Burleigh Heads QLD 4220
4 bed, 2 bath house | Tillys Place Burleigh Heads | 402m2 lot | auction 13 May The property offers a rare configuration for Burleigh Heads, where detached houses on lots under 450m2 with four bedrooms are in short supply. The 402m2 block is efficient rather than generous, but the bedroom count positions it well for families or owner-occupiers seeking space without a large land premium. The street profile, with half owner-occupied and half renters, suggests a stable pocket that has not yet been fully discovered by upgraders. For a buyer who values a functional floorplan over land banking, this house presents a cleaner entry point than nearby properties that carry a premium for larger yards or renovation potential. The key risk is the auction clearance rate for four-bedroom houses in Burleigh Heads sitting at 31 percent, which signals a soft market for this segment. Buyers should factor in that the property may pass in or sell below the lower end of its estimated range, particularly given the six-day market exposure at time of writing. The 2020 sale price of $850,000, while possibly a partial record, anchors a potential floor for negotiation. The opportunity lies in the lack of recent sales on Tillys Place itself, meaning the street has not been tested at current pricing, and a disciplined buyer who can wait through auction may secure a discount. Hold this property for at least five years to ride out the current softness in the four-bedroom detached market.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Burleigh Heads is a premium coastal suburb experiencing robust demand from interstate cash buyers, high-income downsizers, and lifestyle-focused professionals drawn to its beachside amenity. This has driven strong annual house price growth, reported between 13.8% and 29.0%, with houses selling in approximately 37 days. Future growth is underpinned by acute supply constraints, with minimal new development against high sales volumes, though this scarcity also presents a key market risk.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

402mยฒ

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