76 Petrel Avenue, Mermaid Beach QLD 4218

76 Petrel Avenue, Mermaid Beach QLD 4218
Detached house on 405 m² | 3-bedroom, 1-bathroom | Built circa 1970 | No overlays detected | Older stock in a tightly held beachside pocket This is a standard older detached house on a full 405 m² lot in a tightly held coastal suburb where land value dominates. Its competitive strength lies in the combination of a rare house form, a residential parcel free of bushfire, flood, or heritage overlays, and location within established school catchments. The property serves best buyers seeking a renovation project or eventual rebuild in a lifestyle precinct where upgraded homes on similar lots command materially higher value. For an owner-occupier wanting to secure land in a premium beachside enclave, this represents an entry point into a street where larger, renovated houses are the norm. The reported build year of 1970 means the house may require significant updating, which could affect its value relative to fully renovated or newer stock nearby. A buyer should weigh the cost and timeline of a renovation against the land’s inherent scarcity and the absence of planning constraints. Limited confirmed interior finishes and no verified aspect data mean the property’s true condition and orientation remain open questions that might influence final price negotiation.
Detailed Independent Property Report prepared  by PropCred Analyst team for 76 Petrel Avenue, Mermaid Beach QLD 4218
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Market Insight:

Mermaid Beach is a premium coastal suburb where strong investor demand, supported by resilient rental yields of 4.4% for units, meets constrained supply east of the highway. Recent annual growth of 6.0% for houses and 7.0% for units reflects this dynamic, with a balanced market evidenced by a modest vendor discount. The imminent completion of Light Rail Stage 3 in mid-2026 is a key future catalyst, though high median house prices above $3 million present an affordability constraint.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

-

Land

405m²

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