28 Blue Bay Cres, Macleay Island QLD 4184
28 Blue Bay Cres, Macleay Island QLD 4184
28 Blue Bay Cres is a 3-bedroom, 3-bathroom house with 2 car spaces on a 650m² lot. It offers water access across the road rather than absolute waterfront. The property sits in a low-density island suburb where water-access homes are less rare than absolute waterfront but still sought after. The three bathrooms on this block size suggest a higher finish density than typical island stock.
This property’s competitive strength lies in its practical layout and island lifestyle positioning. The three bathrooms on a 650m² lot is unusual for Macleay Island, offering genuine convenience for families or couples hosting guests. Its water access across the road provides a tangible lifestyle benefit without the premium cost of absolute waterfront. The property serves mid-range buyers—retirees or families seeking a quiet island home with proximity to the golf club and shopping precinct. It avoids the premium paid for larger waterfront blocks while still delivering the island experience.
What might materially affect the property’s value is its land size being smaller than many nearby blocks, which could limit future subdivision or expansion potential. The lack of absolute waterfront means it may not attract buyers willing to pay the significant premium for direct water frontage. The building age is not confirmed but likely pre-2016, so a buyer should weigh potential maintenance costs against the listed price. The absence of elevation or wraparound verandas may also reduce its appeal compared to elevated properties with bay views. These factors should be considered when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Blue Bay Cres, Macleay Island QLD 4184
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Macleay Island is a tranquil, ferry-accessible suburb positioned for lifestyle buyers seeking coastal living. Demand is driven by couples and trades workers, attracted by its strong price growth and high sales volume, reflecting a competitive market. Recent conditions show robust capital appreciation and tight supply, with future growth anchored to its lifestyle appeal. Key constraints include limited property availability and potential affordability pressures.
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PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
2
Land
650m²
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