2629 Virginia Drive, Hope Island QLD 4212
2629 Virginia Drive, Hope Island QLD 4212
This is a 5-bedroom, 5-bathroom waterfront house on a 1,004 m² allotment with 24 metres of water frontage. Built in 2005 and designed by architect Stuart Osman, it includes 10 parking spaces and features air conditioning, an alarm, built-in wardrobes, and a balcony. The property sits within an exclusive enclave and offers expansive water views.
This house is competitively strong due to its rare combination of a 24-metre water frontage and a significant land size, which is uncommon even within the premium Hope Island market. The architectural design by Stuart Osman adds a distinct level of quality and visual impact that sets it apart from standard waterfront homes. Its configuration, with five bedrooms and extensive parking, serves a buyer seeking a genuine waterfront lifestyle without compromising on space for family, guests, or multiple vehicles. The property is positioned as a top-tier residence within the suburb, appealing to those who prioritise direct water access and architectural distinction over proximity to commercial centres.
The property’s value may be influenced by its age, as a 21-year-old house may require updates to systems or finishes that a newer build would not. The low auction clearance rate in the suburb might indicate a narrower pool of ready buyers for properties at this price point, which could affect how quickly a sale occurs. Buyers should weigh the cost of any potential renovations against the premium commanded by the waterfront location and architect-designed structure. The exclusivity of the enclave may also limit comparable sales data, making it important to form a view based on the property’s unique attributes rather than broader market trends.
Detailed Independent Property Report prepared by PropCred Analyst team for 2629 Virginia Drive, Hope Island QLD 4212
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Hope Island presents a high-value, dual-track market. Demand is driven by affluent professionals, with strong rental growth (8-10% annually) and robust sales activity underpinning the unit sector, which has seen 6% price growth. However, the premium house segment faces headwinds, with prices down 2-5% and extended 65-day marketing times reflecting affordability constraints. Future growth hinges on sustained rental demand, but high entry prices and divergent performance between houses and units remain key considerations.
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PropCred Estimated Value
Bedrooms
5
Bathroom
5
Parking
10
Land
1004m²
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