348 Main Road Wellington Point QLD 4160

Premium location | elevated water views | dual-living ready | absence of flood/bushfire risk The primary risk here is price-the $1.7M to $1.87M range sits well above the suburb’s median for four-bedroom houses, which sits at roughly $1.285M, meaning you are paying a premium for the elevated position, water views, and the Heisig design. The 62% site coverage is high for a 400m² block, limiting future extension options and reducing the garden-to-building ratio that many families seek. On the opportunity side, the property offers immediate dual-living potential via the floorplan layout, which could generate rental income or accommodate extended family without structural changes, effectively lowering the net cost of ownership. The decision is clear: this property suits a buyer who values views and move-in-ready design over land area and long-term expansion potential. Comparable sales in Wellington Point show a four-bedroom house on 235m² sold for $1.387M in September 2025 after 13 days on market, which supports the view that this property’s premium is driven by its elevated water views and 62% site coverage rather than block size alone. The property’s true competitive rarity lies in its combination of elevated water views with no flood or bushfire overlay in a suburb where 72% of residents are long-term owners-this reduces insurance costs and ownership risk while providing a lifestyle amenity few nearby listings offer. The property best serves buyers who prioritize immediate occupancy, low-maintenance landscaping, and a location steps from waterfront parklands and schools over a larger land holding or renovation project. The data suggests this is a lifestyle purchase where the premium is for the view and location, not for land banking. Your next step is to verify the exact dual-living layout through an inspection and confirm whether the ducted air-conditioning and 6kW solar system reduce ongoing costs enough to offset the high initial price.