8 Marmont Street, Pelican Waters QLD 4551
8 Marmont Street, Pelican Waters QLD 4551
4 bed, 2 bath, 2 car | 314 sqm internal on a generous lot | Family-house format in a master-planned coastal suburb | Land size is disputed between 700 and 929 sqm
This property sits with a configuration edge in Pelican Waters. A four-bedroom detached house with over 300 square metres of internal space is not common in the standard builder product range, and that floor area signals a larger-format family home rather than a compact design. The lot size, while uncertain, appears generous in either reported figure, and if the corner allotment with dual frontage is accurate, that would improve access, street presence, and potentially future flexibility. The property was sold in 2021 and described as extensively renovated, which suggests the current condition is likely above the typical offering for the street. This house best serves a family buyer or an upsize household looking for established space in a master-planned coastal environment where detached homes on mid-to-larger lots are the dominant stock type.
The unresolved land size is the factor that may most materially affect how a buyer forms a view on price. A difference of 229 square metres between the two reported figures is significant, and until a title search or plan confirmation resolves that discrepancy, the effective site value remains unclear. The renovation scope is also not itemised in the available material, so a buyer should verify whether the term extensively renovated covers structural, mechanical, and finish upgrades or is limited to cosmetic refresh. No water aspect, premium outlook, or amenity adjacency is confirmed, so the property’s value is likely driven by its internal dimensions and lot potential rather than location-specific premiums. A buyer should weigh these unknowns against the asking price when forming an offer position.
Detailed Independent Property Report prepared by PropCred Analyst team for 8 Marmont Street, Pelican Waters QLD 4551
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✓
Execution Risk
✕
2
Market Insight
Pelican Waters is a premium canal estate positioned for affluent lifestyle buyers and investors, with its 60-69-year-old professional demographic driving demand for waterfront properties and boating access. The market demonstrates robust conditions, with a median house price of approximately $1.45 million and strong annual capital growth between 5.7% and 7.8%, supported by high population growth. Future demand is fueled by this demographic influx and limited new supply, though high price points constrain affordability and the market remains sensitive to interest rate movements given rental yields around 4.5-5%.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
700m²
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