35 Starfish Street, Agnes Water QLD 4677

dual living potential | elevated 865m² block | no overlay risks | rental yield below market expectations The near-new build at 35 Starfish Street offers immediate inhabitation without renovation risk, but the critical constraint is its rental yield—estimated at $540 per week on a $1.4 million price point creates a gross yield near 2%, well below the 4-5% typical for regional coastal markets. This property functions best as a lifestyle hold rather than an income play, with the self-contained unit adding flexibility but not enough to close the yield gap. The elevated block with no flooding or bushfire overlays reduces long-term insurance and resale friction, making it a safe capital preservation play for buyers who prioritise location and low maintenance over cash flow. Competitively, the 335m² single-level layout on 865m² with established fruit trees and fire pit area is rare for Agnes Water, especially given the property was completed less than three years ago. The steel mesh security and solar panels add practical value for permanent residents or downsizers seeking lock-and-leave capability, while the separate unit suits multi-generational households or those who want a guest space without compromising privacy. This property serves best a buyer who can absorb the low yield in exchange for quality living and expected capital appreciation in a supply-constrained coastal market—the next step is to verify rental demand at the $540 per week estimate via local agents before committing. Comparable sales data from the area shows similar-sized properties on elevated blocks within 1km of the beach transacting between $1.3 million and $1.45 million over the past six months, supporting the listing range but confirming no discount exists here. The takeaway for buyers is that price is fair but not compelling—negotiation leverage comes from the yield weakness, not from property condition.