226/628 Esplanade, Urangan QLD 4655
226/628 Esplanade, Urangan QLD 4655
Dual-key resort unit | 2009 build | Marina-adjacent | Holiday-let flexibility | Pool-view potential
This property stands apart from typical Urangan stock due to its dual-key configuration, which allows one self-contained bedroom plus a studio to be let independently or combined for larger groups. That layout gives it a genuine income edge over standard apartments, particularly in a resort precinct with high visitor occupancy and business-travel demand. The building’s 2009 construction, full furnishing, air conditioning, secure parking, and access to lagoon pool, spa, restaurant, and gym make it a low-maintenance, lock-up-and-leave option. It suits investors chasing dual-income short-stay returns, downsizers wanting resort-style coastal living near the marina and beach, or owners seeking flexible personal use alongside rental potential.
Value may be shaped by floor level and outlook, as top-floor units with pool views and sea breezes tend to command a premium, while ground-floor patios offer direct pool access but less privacy. The resort strata model means body corporate fees and management arrangements are a fixed cost, and income may fluctuate with tourism seasonality. The bushfire overlay noted on similar lots in the building could affect insurance, though no flood or heritage constraints have been flagged. The exact aspect and condition of this unit are unverified, so inspection should confirm whether it matches the stronger-selling positions in the complex.
Detailed Independent Property Report prepared by PropCred Analyst team for 226/628 Esplanade, Urangan QLD 4655
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Urangan is a coastal suburb where rental demand is driving the market. House rents are up 8.3% and unit rents 7.2% over the past year, supporting gross yields of 4.2-4.4% for houses and 4.4-4.9% for units. The median house price is $750,000, up 11.9% annually; units are $570,000, up 8.6%. House sales volume is 240-262 per year. However, market conditions are cooling: houses take up to 63 days to sell and units 107 days, indicating cautious buyers. Sustained rental demand supports future growth, but longer selling times are a key constraint.
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PropCred Estimated Value
Comparable Sales: 311/628 Esplanade sold $435,000, 132/628 Esplanade sold $550,000 | Property Price Band: $400,000–$550,000 | Value Drivers: Floor level, pool outlook, dual-key condition and fitout quality
Bedrooms
2
Bathroom
2
Parking
1
Land
109m²
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