26 Noyes Parade, Karragarra Island QLD 4184
26 Noyes Parade, Karragarra Island QLD 4184
compact 2-bed island house | 594 m² lot | rare 3-car space | single-level lowset appeal | lifestyle-driven demand
This property is positioned as a compact, single-level island house, which suits buyers seeking a manageable holiday or permanent home. The 3-car arrangement is genuinely uncommon for a house of this size and adds practical utility for boat or trailer storage, a strong draw in an island setting. The 594 m² block is efficient rather than generous, but it supports the low-maintenance character that the island market tends to favour. This house is best matched to a sea-change buyer or a weekend owner who values simplicity over internal space. Its configuration appeals through modesty, practicality, and ease of maintenance.
The property’s final value may be shaped by how its smaller land size and two-bedroom format compare with the larger island houses that typically trade at a premium. Condition and presentation may also play a deciding role, as might the specific flood status of the site, which is known to vary street by street. A buyer’s willingness to accept ferry-dependent living is likely to be a key factor, and any recent development on the street may add interest. These elements are best weighed against the property’s genuine lifestyle strengths.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Noyes Parade, Karragarra Island QLD 4184
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Karragarra Island is favoured by buyers after a peaceful, low‑density coastal lifestyle-retirees, weekenders and value-seekers who want bay views and relative affordability compared with mainland bayside suburbs. Demand is driven by lifestyle and very limited supply; risks include ferry dependence, minimal services and an older demographic, while tight stock and spillover from mainland affordability present modest upside. Prices have broadly softened modestly over the past six months, leaving a buyer‑friendly market.
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PropCred Estimated Value
A comparable three-bedroom island house recently sold in the high-$500,000s, while another with similar lowset character reached the mid-$600,000s. This property, given its smaller footprint and two-bedroom layout, is reasonably placed in the $450,000 to $520,000 range.
Bedrooms
2
Bathroom
1
Parking
3
Land
594m²
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