20 Eastbourne Terrace Macleay Island QLD 4184
20 Eastbourne Terrace Macleay Island QLD 4184
Spacious 1012m² block|4 beds/2 baths +4 parks|Water views near ferry|Listed $799k vs $710k est. This four-bedroom house on a 1012sqm block suits extended families or downsizers valuing generous space and ferry access in a walkable island setting. The oversized lot sets it apart on Eastbourne Terrace, where similar sites around 1000m² support flexible living like dual residences or future expansions amid residential zoning. Practical perks include ample parking for boats or visitors, solar panels for cost savings, and proximity to shops without flood risks, though a bushfire overlay warrants insurance checks. It draws buyers from Brisbane seeking affordable waterfront lifestyle, often retirees or families eyeing school catchments like Macleay Island State School just 3km away. In the local market, properties with water glimpses and this land quantum hold steady, trading at premiums over smaller homes while resisting sharp dips seen in tighter listings. Its position enhances holding appeal, as island demand for larger blocks persists with limited supply, buffering against broader coastal volatility. Updated features like air con and deck align with buyer priorities for low-maintenance island living. Comparable sales nearby underline its edge, positioning it for solid appreciation if ferry links keep improving. Overall, the combo of size and location cements reliable long-term value here.
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Eastbourne Terrace Macleay Island QLD 4184
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Macleay Island is attracting buyers chasing lifestyle affordability, solid rental yield and the Moreton Bay amenity while supply stays tight on the ferry-served island. Investors value the compact stock and steady demand, though ferry dependence and longer marketing cycles mean patience is necessary even as infrastructure upgrades slowly roll out. Prices remain on an upward arc, with medians near $510$515k and roughly 56% growth over the past six months, so the market is still gaining traction without the volatility of larger coastal corridors.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
4
Land
1012m²
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