31/33 Edmund Rice Drive, Southport QLD 4215
31/33 Edmund Rice Drive, Southport QLD 4215
2-bed villa | renovated throughout | reserve outlook | resort estate | strong rental yield
This is a competitively positioned property within the Summer Fields estate, a setting that combines low-maintenance villa living with resort-style facilities that are uncommon for a two-bedroom format in Southport. The full renovation, including new kitchen, bathroom, flooring, and appliances, removes the need for immediate capital outlay, while the open-plan layout, air conditioning, and built-in wardrobes in both bedrooms meet the expectations of owner-occupiers seeking a move-in-ready home. The large covered patio backing onto a leafy reserve and the inclusion of a single automatic garage plus driveway parking give it a stronger outdoor and parking profile than most units or townhouses in the area. This property is best suited to downsizers, health or university workers, and investors targeting easy-care housing near employment nodes and the light rail.
The body corporate fee of approximately $80 per week is a material ongoing cost that should be factored into any yield or holding calculation. The rental appraisal of $650–$700 per week suggests a gross yield in the 5.0 to 5.4 percent range, which is reasonable for a renovated property in this location but not exceptional. The reserve outlook and side access add functional appeal, though the property sits within a body corporate setting with shared facilities, so future levy increases or special assessments may affect net returns. Buyers should verify the exact lot size, construction year, and any flood or easement details, as these were not confirmed in the available information and could influence long-term value.
Detailed Independent Property Report prepared by PropCred Analyst team for 31/33 Edmund Rice Drive, Southport QLD 4215
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
URL has been copied successfully!
Market Insight
Southport is a key Gold Coast business hub, with demand driven by young professionals and constrained housing supply. House prices have surged (up ~18% annually), with a severe shortage of new stock against strong sales. Units offer more supply and higher yields (~5%), serving as an affordable coastal entry point. Future growth is anchored by the expanding Health & Knowledge Precinct, though house affordability remains a key constraint.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
2
Land
166m²
URL has been copied successfully!