8/40 Formosa Street, Pimpama QLD 4209
8/40 Formosa Street, Pimpama QLD 4209
New 2025 build | 3-bedroom townhouse | 2 parking spaces | Part of a multi-dwelling scheme | Bathroom count inconsistent across sources
This townhouse is competitively positioned as a newly built dwelling in Pimpama’s growth corridor, offering modern construction and lower maintenance risk than older stock in the suburb. Its 3-bedroom layout with 2 parking spaces is well suited to small families, first-home buyers, or investors targeting newer townhouse demand in this area. The property is part of a larger multi-dwelling development on a common site, which is typical for newer infill estates here and may provide shared amenities or reduced land holding per unit. Being a 2025 build, it likely meets current building standards and energy efficiency requirements, which can appeal to buyers seeking a turnkey purchase with minimal immediate upkeep.
The bathroom count is inconsistent across sources, with one listing showing 1 bathroom and others showing 2, which may affect how the property is valued or compared to similar townhouses in the area. The land holding is reported as part of a 13,755 m² site, but individual unit records suggest a smaller footprint around 145–150 m², meaning the property does not offer a private yard or significant outdoor space. As a newer townhouse in a growth suburb, its value may be influenced by ongoing construction activity in the vicinity and the overall supply of similar units in the development. Buyers should verify the exact bathroom configuration and any strata or body corporate fees before forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 8/40 Formosa Street, Pimpama QLD 4209
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Pimpama presents a dynamic, high-growth market with a median house price near $930,000, recording exceptional annual growth of over 15%. Demand is driven by a diverse demographic, including families and higher-income earners attracted to new developments, supported by strong rental demand from its majority-renter population. The suburb’s robust sales activity and low days on market reflect competitive conditions. Future growth is underpinned by ongoing infrastructure development and access to key amenities, though its rapid price escalation warrants monitoring for affordability constraints.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1.38 ha
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