48/3 Deloraine Close, Cannonvale QLD 4802

48/3 Deloraine Close, Cannonvale QLD 4802
Modern two-bedroom unit | Two full bathrooms | Spacious open-plan living | Modern kitchen with stone finishes | Sold July 2025 This property presents a competitively configured unit for its market, offering two full bathrooms which is a functional advantage over typical two-bedroom, one-bathroom stock. The modern kitchen and light-filled living area signal a contemporary, low-maintenance interior suited to an owner-occupier seeking a turn-key residence or an investor targeting a broad tenant pool. Its sale price positions it as an entry point into the Cannonvale market, serving buyers focused on practical liveability within a compact footprint. The primary risk is the absence of detailed strata health and financial data, which can materially impact holding costs through special levies. The listed land size discrepancy requires clarification on title structure. The opportunity lies in securing a modernized unit below its estimated value, suggesting potential short-term equity. Acquire this for hold, leveraging its rental-ready configuration for yield while awaiting capital growth from broader market movements.
Detailed Independent Property Report prepared  by PropCred Analyst team for 48/3 Deloraine Close, Cannonvale QLD 4802
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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

Bathroom

Parking

1

Land

2.36 acres

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