70/3 Eshelby Drive, Cannonvale QLD 4802

3 bed flat in gated complex | ocean glimpses from balcony | low maintenance with pool | bushfire overlay present This property offers a rare combination of a three bedroom flat within a secure gated complex, a configuration that is consistently undersupplied in Cannonvale. The ocean glimpses from the main bedroom balcony and the shared pool give it a coastal edge that competing units in this price bracket often lack. It serves best a buyer seeking a lock and leave home with rental flexibility, or an investor targeting tenants who value security and low upkeep. The split system air conditioning and built in robes are practical not premium but they remove common friction points for an owner occupier. The bushfire overlay is the primary risk here and it will push up insurance premiums and may limit some lenders appetite for high LVR deals. The current tenancy at $400pw sits well below the estimated midpoint of $545pw, presenting a clear opportunity to reset income on vacancy or negotiate with the existing tenant. The sale price is sitting above the estimated value which suggests the seller is pricing for the gated complex and location rather than the unit itself. This is a hold and improve play, not a flip.