502/239 Esplanade, Pialba QLD 4655
502/239 Esplanade, Pialba QLD 4655
5th-floor waterfront unit | 2-bed 2-bath 1-car format | Resort-style complex with pool and gym | Premium esplanade position above typical Pialba stock | Strong downsizer and lifestyle appeal
This unit holds a genuinely rare position in Pialba—an elevated fifth-floor placement within a secure, amenity-rich complex that delivers uninterrupted bay views. The configuration is practical for its target buyer: two bedrooms, two bathrooms, and a single car space, which suits downsizers or couples seeking low-maintenance coastal living without excess space to manage. The complex itself, with its gym, pool, and BBQ areas, elevates the day-to-day experience beyond standard apartment stock in the suburb. This property serves buyers prioritising lifestyle and outlook over sheer size, and it competes directly with premium waterfront homes in the area, though at a lower entry point. The school catchment proximity adds practical appeal for those considering future resale to families, while the security and lockable storage enhance long-term liveability.
The price outcome may be shaped by how the internal condition compares to recent sales in the same building, particularly given the range of apartment formats present. The single car space might limit appeal for buyers with multiple vehicles, though this is typical for this size of unit. Strata fees are an ongoing consideration in a complex with this level of amenity, and coastal exposure may require periodic maintenance. The absence of a confirmed construction year means the building’s age could influence buyer perception, though the established sale and lease history suggests a well-functioning complex. Buyers should weigh the premium for water views against the practical constraints of shared living, and consider how the unit’s floor position affects light and noise.
|| Comparable Sales: 401/239 Esplanade sold May 2022 for $885,000; 252 Esplanade sold June 2024 for $1.495M | Property Price Band: $800K–$900K | Value Drivers: Water view quality, floor level, complex amenities and security
Detailed Independent Property Report prepared by PropCred Analyst team for 502/239 Esplanade, Pialba QLD 4655
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
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Market Insight
Pialba, on the Fraser Coast, is an established coastal suburb with a tight housing market. Demand is led by older Australians, predominantly aged 60–69, many locally born and previously working as professionals or community service workers; household incomes are modest. House prices range from $705,000 to $756,000, with annual growth between 4.4% and 19.11% depending on the data source. Units show notable strength, up 27.27% to a $490,000 median. Sales are brisk: three-bedroom houses sit on the market for a median of 16 days, with annual sales volume of 78–97. Rental demand is firm: vacancy is 0.84%, unit yields reach 4.77%, and house rents have grown 6.6% to $650 weekly. Future drivers include coastal access near the Esplanade and constrained supply—house listings are down 10.42% year-on-year. Key constraints: rising prices test affordability, while low turnover and an ageing demographic may temper transaction volumes.
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PropCred Estimated Value
Comparable Sales: 401/239 Esplanade sold May 2022 for $885,000; 252 Esplanade sold June 2024 for $1.495M | Property Price Band: $800K–$900K | Value Drivers: Water view quality, floor level, complex amenities and security
Bedrooms
2
Bathroom
2
Parking
1
Land
104m²
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