407/115 Bulcock Street, Caloundra QLD 4551

A 2-bedroom, 1-bathroom apartment with 2 car spaces, spanning approximately 146 m² within Ocean Views Resort. Configured as a dual-key property, it pairs a self-contained 1-bedroom unit with a motel room, offering flexible living or income potential. Positioned for ocean views on a high floor, the unit includes resort amenities such as a swimming pool and secure parking. The dual-key configuration is considered a standout feature in Caloundra, where standard two-bedroom apartments rarely offer this level of flexibility. Combined with the larger-than-average floor area and direct ocean views from a resort setting, the property sits in a premium niche within the suburb. It serves best investors seeking dual-income streams from short-term and long-term rental, or multi-generational buyers who value separate living spaces without sacrificing location. The resort facilities and low-maintenance footprint also attract retirees looking for lifestyle-oriented accommodation near the beach. Because the unit occupies a higher floor, views are likely unobstructed, reinforcing its desirability in a coastal market where outlook strongly influences value. Factors that may materially affect value include the transient nature of the motel component, which might introduce noise or guest turnover that some long-term residents find less appealing. Body corporate fees for resort-style complexes tend to be higher, and these ongoing costs should be weighed against the income potential from the dual-key arrangement. Building age is not explicit, but the resort’s established infrastructure may require occasional levies for refurbishment. The estimated rental yield, based on typical Caloundra rents for two-bedroom units, falls in the moderate range; the dual-key setup could improve that if both portions are tenanted separately. Buyers should confirm strata documents and recent rental performance before forming a price view.