218/3 Pendraat Parade, Hope Island QLD 4212
218/3 Pendraat Parade, Hope Island QLD 4212
This 3-bedroom, 2-bathroom apartment at 218/3 Pendraat Parade, Hope Island, covers 154 square metres internally on a 176 square metre lot with two parking spaces. It sits within a multi-unit complex in a suburb known for its resort-style setting near Sanctuary Cove and Paradise Point.
The property is considered competitively strong for its generous internal dimensions, which are unusual in a three-bedroom apartment, and its placement in a suburb that draws a lifestyle premium. This configuration serves downsizers and investors best, offering low-maintenance living within a prime coastal corridor. The unit’s position in the market is defined by its balance of size and convenience, making it a notable option in Hope Island’s apartment segment. It provides a more accessible entry point compared to larger land-title homes on the same street while still benefiting from the same high-demand postcode
The value of this property may be influenced by factors not yet clear from available information, such as building age, internal condition, and orientation. A buyer might need to account for potential capital expenditure on finishes or structural updates, which could shift the perceived price point. The compact lot size is typical for apartments but may limit future land-value growth compared to larger holdings. A personal inspection is recommended to weigh these unknowns.
Detailed Independent Property Report prepared by PropCred Analyst team for 218/3 Pendraat Parade, Hope Island QLD 4212
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Hope Island presents a high-value, dual-track market. Demand is driven by affluent professionals, with strong rental growth (8-10% annually) and robust sales activity underpinning the unit sector, which has seen 6% price growth. However, the premium house segment faces headwinds, with prices down 2-5% and extended 65-day marketing times reflecting affordability constraints. Future growth hinges on sustained rental demand, but high entry prices and divergent performance between houses and units remain key considerations.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
176m²
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