48 Warrigal Street, Bellara QLD 4507
48 Warrigal Street, Bellara QLD 4507
Established coastal townhouse | 1988 build | 174m² lot | Flood overlay noted | Low body corp fees
This is a solid, low-maintenance townhouse in an established Bribie Island suburb, best suited to a downsizer, retiree, or investor seeking a coastal base with minimal upkeep. The 1988 construction is typical of the area’s mature stock, and the compact 174m² footprint keeps external responsibilities light. With two bedrooms, two bathrooms, and a private terrace, the layout works well for a couple or small household. Its position within the Banksia Beach State School and Bribie Island State High School catchments adds practical appeal for long-term occupancy, while the holiday-home character of the street broadens its buyer pool. For an owner-occupier, this offers a straightforward, liveable floorplan in a settled neighbourhood; for an investor, the rental estimate suggests steady, if not spectacular, demand.
The flood overlay detected on this property may be the single most important factor to weigh when forming a view on price. It may affect insurance costs or lender appetite, and it could temper future capital growth compared to non-affected stock. The unit-style market here appears to move more slowly than houses, so resale might take longer if the market softens. The low body corporate fees are a positive, but they may also indicate limited shared amenities or a smaller sinking fund. A buyer should confirm the exact flood level, recent insurance quotes, and any body corporate records before committing. The 1988 build age also suggests potential for older fixtures or roofing that may require attention, though the listing notes ample storage and an internal laundry as practical positives.
|| Comparable Sales: 19 Warrigal Street sold $882,500; 58 Warrigal St valued $650K–$700K | Property Price Band: $700K–$800K | Value Drivers: flood overlay status, townhouse condition, private terrace and low body corp fees
Detailed Independent Property Report prepared by PropCred Analyst team for 48 Warrigal Street, Bellara QLD 4507
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Bellara, a coastal Queensland suburb, trades at a median house price of $770,000, up 15.36% over the past year; alternate estimates range to $810,000. Units sit at $607,500, with 8.68% annual growth. Demand is investor-led, supported by 4.11% house and 4.17% unit yields and a rental market showing just six vacancies last month. Sales turnover is steady but modest—51 houses and 26 units in the past year—with houses taking a median 42 days to sell, pointing to balanced absorption. Future growth hinges on coastal and waterway amenity. Key constraints: low transaction volumes and inconsistent price data across sources, which temper confidence in the headline growth figure.
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PropCred Estimated Value
Comparable Sales: 19 Warrigal Street sold $882,500; 58 Warrigal St valued $650K–$700K | Property Price Band: $700K–$800K | Value Drivers: flood overlay status, townhouse condition, private terrace and low body corp fees
Bedrooms
3
Bathroom
1
Parking
5
Land
607m²
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