3 Dolphin Avenue, Mermaid Beach QLD 4218

3 Dolphin Avenue, Mermaid Beach QLD 4218
3 Dolphin Avenue, Mermaid Beach | 693m² low-set block | 5-bedroom house with rumpus | flood overlay required | solar and water tank installed This property offers a rare configuration advantage on the Gold Coast: a 693m² low-set block with only 43% building coverage, providing significant future extension or subdivision potential. The five bedrooms, separate rumpus room, and dual car accommodation serve families seeking long-term space, while the solar panels and water tank reduce ongoing utility costs. Its positioning in Mermaid Beach within the Miami State School catchment strengthens buyer demand for owner-occupiers with school-age children. The flood overlay requiring assessment introduces a specific cost and timeline risk for any buyer, as it may affect insurance premiums and borrowing conditions. The 4m ground elevation and 6m roof height partially mitigate exposure, but a professional flood report is essential before commitment. The NBN Hybrid Fibre Coaxial connection is functional but not a prime value driver. Hold this property as a family home with a view to capitalise on land value appreciation through future redevelopment or a dual-occupancy application.
Detailed Independent Property Report prepared  by PropCred Analyst team for 3 Dolphin Avenue, Mermaid Beach QLD 4218
Checks found:
Value Risk 2
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Mermaid Beach is a premium coastal suburb where strong investor demand, supported by resilient rental yields of 4.4% for units, meets constrained supply east of the highway. Recent annual growth of 6.0% for houses and 7.0% for units reflects this dynamic, with a balanced market evidenced by a modest vendor discount. The imminent completion of Light Rail Stage 3 in mid-2026 is a key future catalyst, though high median house prices above $3 million present an affordability constraint.
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PropCred Estimated Value

Bedrooms

5

Bathroom

3

Parking

4

Land

693m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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