33 Cascade Street, Pimpama QLD 4209
33 Cascade Street, Pimpama QLD 4209
Modern build in high-growth pocket | Flood overlay present | Tenanted with periodic lease | Strong school proximity | Low-maintenance family home
This property presents a competitively strong offering for an investor or owner-occupier seeking a modern, low-maintenance home in a high-demand family precinct. Its 2015-16 construction aligns with contemporary expectations for open-plan living and energy efficiency, while its direct catchment for two state schools within 800 metres provides a durable locational advantage that underpins both rental appeal and long-term capital stability. The existing tenancy at $700 per week demonstrates immediate income, but the periodic lease offers flexibility for vacant possession.
The definitive commercial risk is the flood overlay, which necessitates specialised insurance and may impact future financeability and resale liquidity. This is partially mitigated by the property’s elevation and specific flood study, which a buyer must obtain. The opportunity lies in acquiring a turnkey property in a growth corridor without a premium for recent renovations. Proceed with a conditional contract contingent on a satisfactory flood report and building inspection, and hold as a long-term rental or primary residence to leverage the established school catchments.
Detailed Independent Property Report prepared by PropCred Analyst team for 33 Cascade Street, Pimpama QLD 4209
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Pimpama presents a dynamic, high-growth market with a median house price near $930,000, recording exceptional annual growth of over 15%. Demand is driven by a diverse demographic, including families and higher-income earners attracted to new developments, supported by strong rental demand from its majority-renter population. The suburb’s robust sales activity and low days on market reflect competitive conditions. Future growth is underpinned by ongoing infrastructure development and access to key amenities, though its rapid price escalation warrants monitoring for affordability constraints.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
453m²
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