55-57 Eastbourne Terrace, Macleay Island QLD 4184
55-57 Eastbourne Terrace, Macleay Island QLD 4184
Vacant 1348m² lot | Macleay Island | no risk overlays | school catchments confirmed
The property offers a rare combination of a large flat block with no bushfire, flood, or heritage constraints, which is uncommon for island land. The zoning is straightforward residential, and the school catchment for both primary and secondary is established, reducing uncertainty for families. This lot suits a buyer wanting to build without the delays of environmental approvals or overlay compliance, and the 4G coverage supports remote work. The 2022 sale price suggests the vendor holds low cost base, which may create negotiation room.
The main risk is island location—ferry dependency and limited services cap capital growth compared to mainland equivalents. The market estimate around $485,000 implies the asking price is discounted, but the buyer must factor in build costs and holding time. Opportunity lies in buying below the estimate and building a cost-effective home for owner-occupation or holiday rental. Hold as a long-term land bank or develop promptly to capture island lifestyle demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 55-57 Eastbourne Terrace, Macleay Island QLD 4184
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Macleay Island is a tranquil, ferry-accessible suburb positioned for lifestyle buyers seeking coastal living. Demand is driven by couples and trades workers, attracted by its strong price growth and high sales volume, reflecting a competitive market. Recent conditions show robust capital appreciation and tight supply, with future growth anchored to its lifestyle appeal. Key constraints include limited property availability and potential affordability pressures.
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PropCred Estimated Value
Bedrooms
-
Bathroom
-
Parking
-
Land
1348m²
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