3 Corrimandle Grove, Cannonvale QLD 4802
3 Corrimandle Grove, Cannonvale QLD 4802
4 bed family house | 619m2 block | 164m2 floor area | strong capital growth since 2021
This is a conventional detached house on a mid-sized suburban block, configured for households that need multiple bedrooms and two car spaces. The 619m2 parcel is comparable to other family-sized lots in Cannonvale, and the 164m2 floor area provides practical living space without being oversized. The property sits in an established suburban setting rather than a high-density precinct, which suits buyers seeking a standard family house product. Given the 550,000 dollar sale in 2021 and current valuation signals around 1 million dollars, the property has experienced material capital growth. This positions it well for buyers who want a straightforward family home in a settled area, though the growth trajectory may not repeat at the same pace.
The absence of verified details on build year, renovation quality, orientation, and on-site amenities means the property’s condition and finish level are unknown factors that could materially affect its value. A buyer should weigh whether the current valuation reflects genuine improvements or broader market movement since 2021. Without confirmed zoning, flood status, or easement constraints, there may be hidden limitations on future use or development. Rental yield cannot be assessed from available data, so an investor would need to verify achievable rent and vacancy before forming a view on price. These unknowns create both opportunity and risk, and a thorough inspection plus local due diligence are recommended.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 3 Corrimandle Grove, Cannonvale QLD 4802
Market Insight:
Cannonvale is a high-growth coastal suburb with a young, trades-oriented demographic and 52.7% owner-occupancy. Demand is driven by lifestyle buyers and a tight housing supply, with population growth of 15.4% over five years. House prices, around $850k, have grown over 14% annually, while units have surged over 23%, supported by strong rental yields near 6%. Future growth is underpinned by significant regional investment and master-planned communities, though risks include a persistent undersupply of houses and uneven unit market performance.