33 Wedgebill Parade, Burleigh Waters QLD 4220

Waterfront position | north-facing pool | 5 bedrooms | 840sqm lot | 36-year first sale The property’s primary advantage is its rare combination of north-facing waterfront access and a full-size 840sqm lot in a tightly held Burleigh Waters pocket, where supply is constrained and median sales have moved above $3m. The 500sqm building with 60% coverage, solar panels, and a pool offers immediate lifestyle appeal for a family buyer seeking a premium canal address without immediate renovation. School catchment to Caningeraba State and Miami State High strengthens its appeal for long-term owner-occupiers. The 36-year gap since last sale signals low turnover in the immediate street, reducing future competition risk for a buyer who secures it now. The primary risk is the flood overlay, which may affect insurance premiums and future resale pools, though the 4m ground elevation and 8m roof height suggest limited actual exposure. The Domain estimate range of $1.96m–$2.58m sits well below the property.com.au figure, indicating valuation divergence that a buyer should use to negotiate. Rental potential of $2,000pw provides a strong fallback if the buyer’s circumstances shift. Hold for capital growth driven by waterfront scarcity, not for short-term yield.