406/23 Esplanade, Bargara QLD 4670

406/23 Esplanade, Bargara QLD 4670
406/23 Esplanade, Bargara QLD 4670 is a 2-bedroom, 2-bathroom apartment/unit with 1 car space, an 84 m² internal floor area in a 90 m² lot/allotment, located in the Bundaberg local government area. The property was listed for sale as an apartment/unit in Bargara. Available listing and property data also indicate it is in The Point complex on the Esplanade, and the dwelling is described as having ocean views and a stylish kitchen with extra storage in at least one similar unit record for the building. 2 bed 2 bath oceanfront unit | Esplanade ocean views | lifestyle demand from downsizers | premium coastal scarcity | strata constraints It is considered that this unit offers a rare combination of direct ocean frontage and a practical two-bedroom layout. The Esplanade address is recognized as placing it within a high-amenity coastal corridor, where demand is driven by lifestyle factors rather than land area. Unrestricted ocean views are afforded from this property, which is viewed as a significant advantage over inland apartment stock in Bargara. This unit is best suited to buyer profiles such as downsizers seeking low-maintenance beachfront living, sea-changers, and investors targeting premium rental demand. The configuration of two bedrooms and two bathrooms is seen as well aligned with market expectations, and the internal area of 84 square metres is consistent with modern formats for this segment. Value may be influenced by strata arrangements, which are typical for this development type. The quality of ocean views might be affected by the exact floor level, with higher floors being seen as commanding a premium. Scarcity is generally recognized as supporting pricing, but capital growth may be limited by the absence of substantial land compared to detached houses. The final price might be adjusted by condition and fitout.
Detailed Independent Property Report prepared  by PropCred Analyst team for 406/23 Esplanade, Bargara QLD 4670
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk 2
Income Risk 2
Execution Risk 2
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Market Insight

Bargara is a coastal lifestyle suburb attracting professional buyers, evidenced by robust sales (193 houses) and high regional search demand. House prices, around $870k, have grown 6-9% annually, with units at $620k seeing 4-7% growth, reflecting strong market conditions. Future growth is supported by high rental demand, though a significant supply pipeline and price points above the regional median present affordability and oversupply risks.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

93m²

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