201/72-74 The Strand, North Ward QLD 4810
201/72-74 The Strand, North Ward QLD 4810
Watermark strand-front apartment | 3 bed, 2 bath, 2 car | 163 m² floorplate | Flood overlay applies | Premium coastal living
This unit sits at the larger, more capable end of North Ward’s apartment stock. The three-bedroom, two-bathroom, two-car configuration with 163 m² of internal space is uncommon in a suburb where one and two-bedroom investor units dominate. It serves a downsizer or owner-occupier who wants genuine room to live, not a compact holiday lock-up. The Strand location delivers walkable beachfront amenity, cafe and restaurant proximity, and a short trip to the CBD. The building’s resort-style pool and gym add everyday convenience. This is a property for someone prioritising space, position, and lifestyle over low entry price.
The flood overlay is the main constraint a buyer must weigh. It may affect insurance costs, lending appetite, and future resale depth. The exact outlook and finish level for this unit are not confirmed, so the final price should reflect what is actually seen on inspection. The larger floorplate and dual car spaces may justify a premium over smaller units in the same building, but the flood risk and potential coastal weather exposure should temper expectations. A buyer should compare this against other three-bedroom strand apartments, not the cheaper one and two-bedroom stock.
|| Comparable Sales: 301/72-74 The Strand sold $835k; 2 bed unit same address sold $720k Jan 2025 | Property Price Band: $800k–$900k | Value Drivers: floorplate size, dual car spaces, strand-front position, flood overlay impact
Detailed Independent Property Report prepared by PropCred Analyst team for 201/72-74 The Strand, North Ward QLD 4810
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
✓
Execution Risk
✓
Market Insight
North Ward’s market is defined by high demand and rapid turnover, with houses selling in under 30 days. Singles and downsizers are key demographics, driving a market where apartments dominate the housing stock. Recent price growth is strong, with median house prices rising 8.5% to 30.8% annually, while units have seen increases of 15% to 29.6%. This momentum is supported by tight supply, with only 53 properties listed last month, and solid rental yields of 4.06% for houses and 5.22% for units. Future growth is underpinned by this persistent demand-supply imbalance, though the low inventory presents a key constraint for buyers.
PropCred Estimated Value
Comparable Sales: 301/72-74 The Strand sold $835k; 2 bed unit same address sold $720k Jan 2025 | Property Price Band: $800k–$900k | Value Drivers: floorplate size, dual car spaces, strand-front position, flood overlay impact
Bedrooms
3
Bathroom
2
Parking
2
Land
1.42 acres
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