24 Spica Cres, Coomera QLD 4209
24 Spica Cres, Coomera QLD 4209
4 bed house | 345 mยฒ lot | compact-lot suburban family home | last traded at $239k in 2016 | rental history at $470 per week
This property is competitively positioned as a modern, low-maintenance family house on a compact lot, which suits buyers seeking detached living without the upkeep of a larger block. Its configuration of four bedrooms and two bathrooms is the standard family specification in this pocket, meaning it will appeal directly to owner-occupier families and investors targeting consistent rental demand. The street is composed of similar homes, which supports straightforward resale comparison and reduces the risk of the property feeling out of character with its surroundings.
The historical sale price of $239,220 in 2016 and the rental figure of $470 per week from 2017โ2018 are useful reference points, but they are not current signals. The estimated value of approximately $1.034 million may reflect broader market movement since those transactions, and a buyer should weigh whether that growth is supported by local amenity improvements or infrastructure. The compact land size may limit future subdivision potential, and the absence of disclosed finishes or building age means the condition and quality of the home could materially affect its true market value.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 24 Spica Cres, Coomera QLD 4209
Market Insight:
Coomera is a high-growth family suburb, evidenced by its 52% population surge since 2016. Demand is driven by young families, with houses achieving 15.9% annual growth and a median of $981,000, while units rose 17.6% to $729,000. The market is exceptionally tight, with properties selling in just 19 days, supported by strong rental yields of 4.3% for houses and 5.0% for units. Future growth is underpinned by sustained population expansion, though rapid price escalation presents an inherent affordability constraint for new entrants.