7 Annabelle Street, Pelican Waters QLD 4551
7 Annabelle Street, Pelican Waters QLD 4551
4-bed family house on 700m² | established coastal suburb | marina, golf and shopping nearby | broad owner-occupier appeal | no water frontage confirmed
A four-bedroom, two-bathroom, two-car house on a 700m² allotment is positioned firmly within Pelican Waters’ mainstream family stock. The configuration is considered highly practical for owner-occupiers, offering enough space for a growing family or a downsizer seeking manageable single-level living. The suburb is established rather than greenfield, and the property is served by the marina, golf course, shopping village and coastal walking routes within a short drive. This is not waterfront prestige housing; it is a solid suburban family home in a tightly held coastal location. Buyers looking for a conventional house with strong everyday amenity, rather than a canal-front statement, will find the most value here.
Value may be influenced by the presence of a flood overlay on some nearby residential land, which could affect insurance costs and buyer perception. The house’s exact build year, aspect and internal finish are not verified, so the actual condition and layout should be inspected carefully. A 700m² lot is generous for the area and may offer future flexibility, but the final price will likely hinge on presentation and how the floor plan functions in practice. These factors should be weighed before forming a view.
Detailed Independent Property Report prepared by PropCred Analyst team for 7 Annabelle Street, Pelican Waters QLD 4551
Checks found:
Value Risk
✕
2
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Pelican Waters is a canal estate in Caloundra West with a mature demographic skew: the dominant 60–69 age cohort, long tenure, and professionals with certificate-level qualifications. Demand is led by retirees and downsizers seeking water access, alongside investors drawn to 5.7–7.8% annual capital growth and gross yields near 4.5–5.1%. Median house price sits at $1.435–$1.4825 million, with houses selling in a median 37 days and 158–182 sales annually; units average $860,000. Population rose 17.78% from 2016, underpinning structural demand. Growth drivers include canal waterfront scarcity, access to the Pacific Motorway and Sunshine Coast Airport, plus a state school catchment rated average with independent options nearby. Key risks: affordability constraints above $1.4M, limited new supply in the established estate, and interest-rate sensitivity for leveraged investors.
PropCred Estimated Value
Comparable Sales: 2 Annabelle Street sold for $1,675,000, 7 Carnell Street sold for $1,395,000 | Property Price Band: $1.3M-$1.4M | Value Drivers: land size, condition and presentation, location within suburb