223/194 Bishop Road, Beachmere QLD 4510
223/194 Bishop Road, Beachmere QLD 4510
Resort unit, 3 bed, 2 bath, 2 car | Managed estate living | No steps, pet friendly | Flood and bushfire overlays flagged | Strong downsizer appeal
This unit sits inside the Palm Lake Resort at Beachmere Bay, a dedicated retirement-lifestyle estate built around low-maintenance, accessible living. Its configuration—three bedrooms, two bathrooms, and double parking—makes it a practical fit for downsizers or older couples seeking community amenities without the upkeep of a conventional house. The estate’s broader character, with a clubhouse, pool, tennis courts, and community bus, positions this as a lifestyle purchase rather than a standard suburban trade, and its managed format tends to attract owner-occupiers looking for security and convenience. Within Beachmere’s mixed stock of older detached homes and larger blocks, this unit stands apart for its amenity density and turnkey condition, serving a buyer who prioritises ease of living over land area.
Value may be shaped by the estate’s overlay flags, with flood and bushfire designations potentially affecting insurance costs and buyer confidence. The premium finish level seen in comparable units within the same complex—Smeg appliances, stone benchtops, ducted air conditioning—suggests presentation will matter when buyers compare options. The non-residential land classification of the broader site and the retirement-oriented use could also limit appeal for investors or families seeking conventional ownership, so the buyer pool may be narrower than for typical houses in the suburb. Recent sales nearby, such as a large detached home on Bishop Road achieving $1.18 million, provide context but not direct equivalence, meaning pricing will likely hinge on how strongly this unit’s resort lifestyle resonates with the target demographic.
Detailed Independent Property Report prepared by PropCred Analyst team for 223/194 Bishop Road, Beachmere QLD 4510
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Beachmere, a coastal suburb north of Brisbane, has a tight housing market. The median house price is $845,500–$850,000, with annual growth of 14.5%–16.62%. Demand is led by older, Australian-born buyers, and the area has seen strong population growth over the past five years. Houses sell fast: 3-bedroom properties average 26 days on market, 4-bedroom 37 days, across 118 sales in the past year. The unit market is negligible, with only nine transactions recorded. Future growth relies on continued owner-occupier demand, though the narrow age profile and scarce unit supply limit broader appeal.
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PropCred Estimated Value
Comparable Sales: 203/194 Bishop Road—3 bed unit listed near $1.195M; 220/194 Bishop Road—3 bed unit listed near $1.495M | Property Price Band: $1.2M–$1.3M | Value Drivers: Estate amenity and managed lifestyle, condition and finish quality, no-steps accessibility and pet-friendly status
Bedrooms
3
Bathroom
2
Parking
2
Land
492m²
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