3 Macadamia Street, Victoria Point QLD 4165

| Two-storey family home | 708m² with pool and workshop | Bay breezes and school catchment | Rare five-car accommodation | No flood or bushfire overlay | This property presents a competitive buying case through its rare combination of a 708m² fully fenced block, in-ground pool, and a five-car garage with workshop,features that are difficult to find in Victoria Point’s coastal corridor. The two-storey layout with separate lower-level rumpus and study suits families needing distinct zones for work, play, and guest accommodation, while the polished timber floors and air-conditioned living areas reduce immediate renovation needs. The catchment for Victoria Point State School and State High School anchors family demand, and the absence of flood or bushfire overlays lowers insurance and holding costs. It serves best a professional family or a buyer seeking a long-term coastal home with space for vehicles, hobbies, or a home business. The primary risk is the building’s age and the lack of recent structural or compliance documentation, which may surface deferred maintenance costs,particularly for the pool, roof, and lower-level tiling. The property’s last sale 24 years ago at $240k suggests limited capital gains history, but recent street sales (8 Macadamia Street at $1.45m in March 2025) indicate strong local demand. The opportunity lies in the workshop and tandem garage: a buyer could convert part to a home office or income-generating storage, improving yield above the estimated 3.3% rental return. Hold this property as a family home with potential for a minor value-add through garage conversion or pool refurbishment, and monitor the suburb’s 12.4% growth trajectory for a 5-7 year exit.