8 Costelloe Street, Tugun QLD 4224
8 Costelloe Street, Tugun QLD 4224
4 bed 2 bath 1985 house | 808mยฒ block 270mยฒ build | in-ground pool solar panels | Tugun catchments owner-occupied street
The propertyโs competitive edge lies in its generous 808mยฒ lot with only 33% site coverage, leaving substantial outdoor space plus an in-ground poolโrare in Tugunโs current market. The 270mยฒ floor plan offers genuine family scale, and the owner-occupied street profile (90%) signals stable neighbourhood demand. For a buyer seeking a solid family home with expansion potential or a dual-living opportunity, this house positions well against newer but smaller infill stock. Solar panels and NBN Hybrid Fibre Coaxial reduce ongoing costs, a practical advantage for owner-occupiers.
The primary risk is the 1985 build ageโroof height data from Dec 2025 suggests possible structural checks needed, and conflicting floor area data (160mยฒ vs 270mยฒ) demands verification before bidding. The auction date is tight, with only two inspections before 14 May, limiting due diligence time. However, the 2019 purchase price of $707,000 shows strong capital growth, and current rental estimates of $1,310pw offer a viable hold strategy if plans change. Buyers should commission a building and pest inspection before auction, then bid with confidence up to the $1.64m midpoint. This property suits a family wanting space and pool without paying a premium for a renovated house.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Tugun is a high-value coastal suburb positioned as a tranquil alternative to busier Gold Coast hubs, attracting established professionals seeking a relaxed ocean lifestyle. This demand is driving robust capital growth in both houses and units, with the market demonstrating strong momentum. Future appreciation is underpinned by its enduring appeal as a tightly-held coastal enclave, though its premium pricing presents a natural constraint on broader affordability.