55 Bergamont Street, Elanora QLD 4221
55 Bergamont Street, Elanora QLD 4221
Quiet cul-de-sac | North-facing yard | First sale in 25 years | Flood overlay present | Pool and solar
The competitive strength of this property lies in its rare combination of a north-facing 650mยฒ lot in a quiet cul-de-sac and first-time sale in 25 years, which signals minimal turnover and likely well-maintained bones. The 306mยฒ building footprint with solar panels and a pool offers immediate lifestyle utility, while the 5G and NBN connectivity supports modern work-from-home needs. This house is best suited to families seeking a long-term home in a stable pocket of Elanora, where supply of such positioned lots is constrained.
The flood overlay is the primary risk, requiring a formal assessment and potentially affecting insurance costs and resale liquidity; this should be factored into any offer below the estimated value range. The 18-day market time with offer pending suggests competitive interest, but the 2001 purchase price indicates the vendor holds significant equity, limiting urgency. The propertyโs holding logic is straightforward: occupy and enjoy the north-facing yard and pool, or rent at $1,135โ$1,480 per week to cover holding costs while the areaโs long-term demand supports capital stability.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 55 Bergamont Street, Elanora QLD 4221
Market Insight:
Elanora is a high-demand family suburb positioned as a value alternative to premium beachfront markets. Demand is driven by families, creating a tight, fast-moving market where houses sell in just 16 days. Recent price growth is robust, with house values rising over 12% annually, supported by strong rental yields above 4%. Future growth is linked to sustained family buyer absorption, though its pace makes it sensitive to broader economic shifts.