229 Coolum Parade, Newport QLD 4020
229 Coolum Parade, Newport QLD 4020
5 bedrooms | 5 bathrooms | 515โ534 mยฒ block | sold June 2024 at $782,400
This property is competitively strong due to its unusually large configuration for a detached house in Newport, offering five bedrooms and five bathrooms on a moderate block size. The recent sale in June 2024 provides a clear transaction anchor, suggesting active market turnover in the area. It is best suited for larger family buyers or upsizers seeking newer estate-style housing in the Moreton Bay growth corridor, where such spacious layouts are less common and may command a premium.
The value of this property may be materially affected by incomplete information on internal finishes, aspect, and floor level, which could influence buyer perception. The block size variation between 515 and 534 mยฒ might also impact land value assessments. Buyers should weigh the potential for strong family rental demand against the absence of verified school catchment data, as school access decisions could narrow the buyer pool.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 229 Coolum Parade, Newport QLD 4020
Market Insight:
Newport is a mature, affluent suburb with a high proportion of established, childless professionals and outright owners. Demand is driven by this demographic seeking premium housing, evidenced by strong annual sales volume. Recent price growth is robust, with house values rising over 12% annually and units showing even higher growth potential. Future performance will hinge on sustained demand from upsizers within this constrained, high-value market.