21/386 Esplanade, Torquay QLD 4655

21/386 Esplanade, Torquay QLD 4655
2 bed 1 bath 84mยฒ unit | 1 car space | part of 1.5 acre complex | coastal Torquay setting | unverified floor level and finishes This property offers a genuinely useful internal area of 84 square metres, which is competitive for a two-bedroom unit in Torquay and provides comfortable living space without feeling cramped. Being part of a larger 1.5-acre complex on the Esplanade positions it well for buyers who value proximity to the water and a resort-style coastal environment. The configuration most strongly suits downsizers seeking a manageable lock-and-leave lifestyle, sea-change owner-occupiers wanting walkable beachside living, and investors targeting small-lot coastal units with consistent rental demand. The complex’s scale and location suggest reasonable appeal for holiday-home buyers as well. The unverified floor level and aspect could materially affect the property’s value, as lower-floor units typically attract less natural light and reduced views, while higher floors command a premium. The building’s age, also unconfirmed from available information, may influence ongoing body-corporate costs and maintenance expectations, particularly in a coastal setting where exposure to salt and weather can accelerate wear. Finishes and renovation level remain unknown, so a buyer should factor in potential updating costs when forming a view on price. Common-property management fees and any special levies for shared facilities are worth clarifying early in the due diligence process.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 21/386 Esplanade, Torquay QLD 4655
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Market Insight:

Torquay presents as a mature coastal suburb with a strong owner-occupier base, attracting significant demand from downsizers and childless couples seeking lifestyle. This demographic is driving robust price growth, particularly in the unit market, with houses also experiencing very strong annual appreciation. The market is characterised by tight supply and rapid sales, indicating high competition among buyers. Future growth is underpinned by sustained rental demand and limited turnover, though affordability constraints relative to local incomes and potential volatility in unit price growth present key considerations.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

1.5 acres

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