Coastal Investment on 908m just steps from the Esplanade

For Sale

5 Banksia Street, Point Vernon, QLD, 4655

Coastal Investment on 908m just steps from the Esplanade

House

Type

Bedrooms

Bathrooms

Parkings

Last updated on Tuesday, March 10, 2026 ( See property details for 5 Banksia Street, Point Vernon, QLD, 4655)

Offers over $880,000

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-positioned, low-maintenance coastal property in Point Vernon offering versatile living options, water views, and excellent investment potential.

🏡 Property Highlights

Prime coastal location with Esplanade views and water proximity
Large 908m² block with side access for future development or extensions
Currently leased at $590 per week until May 2026, offering immediate income
Recently renovated kitchen, laundry, and rear retreat/studio for versatile living
Solid 2-bedroom brick home with built-in wardrobes and modern updates
Open plan living and dining area with air-conditioning for comfort

✨ Key Features

Air Conditioning
Built-in Robes
Open-Plan Living
Waterfront / Views
Outdoor Area
Home Office / Study
Shed
External Laundry
Side Access
Security Screens / Gates

Suburb and Property Insights of Point Vernon, QLD 4655

Point Vernon is a highly sought-after seaside suburb renowned for its stunning water views, relaxed coastal lifestyle, and proximity to the Esplanade. The area offers excellent investment opportunities, a strong community vibe, and easy access to waterfront amenities, making it ideal for both lifestyle buyers and investors seeking long-term growth.

Frequently Asked Questions

What are the current rental terms and potential for future rental income?

The property is currently leased until 25 May 2026 at $590 per week, providing immediate rental income with potential for future rent increases based on market conditions.

What recent updates have been made to the property?

The home features a renovated kitchen and laundry, new window furnishings, updated lighting, and a modern rear retreat/studio that is also renovated and air-conditioned.

Is there potential for future development or extensions on the large block?

Yes, the 908m² block with side access offers significant potential for future extensions, additional structures, or land banking for future development.

Are there any restrictions or easements on the property?

Details regarding restrictions or easements are not specified; prospective buyers should conduct due diligence with relevant authorities.

What are the nearby amenities and lifestyle features?

The property is just moments from the Esplanade, offering water views, waterfront access, and close proximity to local shops, cafes, and recreational facilities.

What to ask about this property to agent?

Are there any upcoming planning or development applications in the area that could affect the property’s value or lifestyle? Are there any known issues with the property's structure, electrical systems, or plumbing that require attention? What are the zoning regulations and potential restrictions for future development on this large block? Are there any easements, covenants, or encumbrances affecting the property? Is the property located in a flood or bushfire-prone zone, and what are the associated risks? Are there any planned infrastructure projects or construction activities nearby that could impact the property? What are the strata or body corporate considerations if applicable? Are there any additional costs or fees associated with the property, such as council rates or maintenance?

5 Banksia Street, Point Vernon, QLD, 4655 - More Details

Coastal Investment on 908m just steps from the Esplanade

Type: House
Bedrooms: 2
Bathrooms: 2
Parkings: 2

5 Banksia Street, Point Vernon, QLD, 4655 - Point Of Interest

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Your Commute at a Glance: 5 Banksia Street, Point Vernon, QLD, 4655

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5 Banksia Street, Point Vernon, QLD, 4655

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