4/123 Freshwater Street, Torquay QLD 4655
4/123 Freshwater Street, Torquay QLD 4655
2 bed / 1 bath compact unit | Fully renovated with new kitchen | Private courtyard | 192 m² land in beachside Torquay | Walk to beach and cafés
This unit sits at the polished end of Torquay’s compact strata stock. The renovation is complete and coherent—new kitchen, skylights, air-conditioning in the living area and main bedroom—which removes the immediate cost and hassle most buyers face with older units. The 192 m² land component is generous for a two-bedroom apartment, giving a private rear courtyard that functions as genuine outdoor living space rather than a token balcony. For a downsizer, a sea-changer, or an investor wanting low-maintenance exposure to the Hervey Bay coastal strip, this property delivers a walkable, lock-and-leave lifestyle without the upkeep of a house. Its position near the beach, cafés, and restaurants strengthens its appeal to owner-occupiers and short-stay renters alike.
The single bathroom and one car space may limit appeal for families or those needing guest parking, but for the target buyer—couples, singles, or investors—these are acceptable trade-offs for the location and condition. The absence of shared amenities like a pool or lift keeps strata costs likely modest, though exact fees are not confirmed. The compact land size means limited scope for extension, so value rests on the quality of the renovation and the enduring draw of the beachside address. Buyers should weigh whether the premium for “fully renovated” is justified against older, unrenovated units in the same precinct, and consider how the private courtyard enhances everyday liveability compared to standard apartments.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/123 Freshwater Street, Torquay QLD 4655
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Torquay, positioned within the Hervey Bay region, is attracting older, childless couples—many owning outright—drawn to esplanade and coastal streets. House medians span roughly $671,000 to $745,000, with growth between 12.6% and 17.6% over the past year. Units have posted sharper gains, with two sources citing annual growth above 30%, though another records just 8.1%, reflecting data variability. Transaction volumes are thin: only 106–123 house sales in the past year, and days on market range from 21 to 75. Rental demand underpins the market: house rents sit around $570–$620 weekly with gross yields near 4%–4.4%; units yield up to 4.9%. Future growth depends on continuing lifestyle migration and already-tight supply. The main constraints are low turnover, price-point skew across modest and premium stock, and local household incomes sitting below the regional Queensland average, which could limit further affordability-driven upside.
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PropCred Estimated Value
Comparable Sales: 1/272 Torquay Terrace sold at $520,000–$540,000; 12/77-81 Freshwater Street listed at $530,000–$550,000 | Property Price Band: $500,000–$600,000 | Value Drivers: Renovation quality, 192 m² land with private courtyard, beachside walkability
Bedrooms
2
Bathroom
1
Parking
1
Land
192m²
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