36 Stewart Drive, Cannonvale QLD 4802

36 Stewart Drive, Cannonvale QLD 4802
2 bed, 1 bath, 1 car on 593m² | detached house in mixed suburban pocket | smaller configuration than typical family stock | historic sale shows larger 3 bed layout The competitive strength here is the detached house format on a mid-sized block in a suburb where both houses and units sit side by side. A 2-bedroom house on 593m² is relatively rare compared to the standard 3-bedroom family home, and it suits buyers who want a standalone dwelling without the space or cost of a larger property. The land itself is the primary value driver, offering potential for future reconfiguration or extension, though the current internal area is modest at 90m². This property serves best as a low-maintenance owner-occupied home for downsizers or singles, or as an investment targeting tenants who prefer a house over a unit. The street’s mix of dwelling types suggests a diverse rental pool, which may support consistent demand. What may materially affect value is the discrepancy between the current 2-bedroom record and the 2012 sale as a 3-bedroom house. This could reflect a genuine reconfiguration or simply inconsistent data capture, but a buyer should verify the actual floor plan and bedroom count during inspection. The single car space is a constraint for households with multiple vehicles, and the absence of documented finishes or amenities like air-conditioning or a shed means the property’s condition will heavily influence its price. The estimated value of $894,000 from one portal is not a reliable guide; a buyer should instead focus on recent sales of similar small detached houses in Cannonvale to form their own view.
Detailed Independent Property Report prepared  by PropCred Analyst team for 36 Stewart Drive, Cannonvale QLD 4802
Checks found:
Value Risk
Liquidity Risk 2
Planning Risk
Income Risk 2
Execution Risk
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Market Insight

Cannonvale is a high-growth coastal suburb with a young, trades-oriented demographic and 52.7% owner-occupancy. Demand is driven by lifestyle buyers and a tight housing supply, with population growth of 15.4% over five years. House prices, around $850k, have grown over 14% annually, while units have surged over 23%, supported by strong rental yields near 6%. Future growth is underpinned by significant regional investment and master-planned communities, though risks include a persistent undersupply of houses and uneven unit market performance.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

593m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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