3/47 Burgess Street Kings Beach QLD 4551
3/47 Burgess Street Kings Beach QLD 4551
2 bed unit on 185m² lot |Listed $699k |Est value $786k |Rents $600pw to 2027 | Prime beach core position. This two-bedroom apartment on a 185sqm lot suits downsizers or investors seeking low-maintenance coastal access with secure parking. Its first-floor position delivers east-facing ocean views from the balcony, enhancing everyday living without the upkeep of a house. Fully renovated interiors provide move-in readiness, appealing to those wanting immediate usability in a central street setting. Within Kings Beach’s residential zoning and school catchments, it slots neatly among similar strata blocks, avoiding overlays that complicate ownership. Buyers drawn here are typically retirees or sea-changers prioritizing walk-to-beach convenience over space. Comparable two-bedroom units in the area hold steady values, with medians around $785k and yields near 3.9%, reflecting demand for renovated stock. Recent sales history shows solid appreciation from $230k in 2014, underscoring long-term appeal amid coastal growth. Tenancy to 2027 adds income reliability, positioning it well for hold-or-flip strategies in this tight market. Its modest lot and single-level layout ensure enduring versatility for lifestyle or portfolio purposes.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/47 Burgess Street Kings Beach QLD 4551
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Kings Beachs demand is driven by its beachside lifestyle, strong holiday?rental appeal and limited developable land, attracting investors, downsizers and lifestyle buyers.
Opportunities come from medium?density projects and ongoing Sunshine Coast demand, but planning disputes, environmental constraints and a high unit share are risks; prices have risen noticeably in recent months with solid gains for both houses and units.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
84m²
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