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Coastal Investment on 908m just steps from the Esplanade For Sale
Coastal Investment on 908m just steps from the Esplanade Coastal Investment on 908m just steps from the Esplanade

5 Banksia Street, Point Vernon, QLD, 4655

Coastal Investment on 908m just steps from the Esplanade

House
Type
2
Bedrooms
2
Bathrooms
2
Parkings

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

Offers over $880,000

  • 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
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5 Banksia Street
Point Vernon, QLD 4655
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Vertical aerial view β€” 5 Banksia Street
5 Banksia Street — Vertical Aerial  •  Point Vernon, QLD 4655  •  Nearmap © 2026

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.

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 908mΒ² 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.
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

Positioned just moments from the Esplanade in the highly sought-after seaside suburb of Point Vernon, this charming property offers an exceptional opportunity to secure a large coastal block with immediate income and future potential. Set on a generous 908mΒ² block with side access, the property features a solid 135m2 2-bedroom brick home that has benefited from recent updates, creating a comfortable and low-maintenance residence close to the water. Inside, the home offers a light-filled open plan living and dining area with air-conditioning, a recently renovated kitchen and laundry, and two spacious bedrooms complete with built-in wardrobes. New window furnishings, updated lighting, and modern improvements add to the home's overall appeal. Adding further versatility is the renovated and air-conditioned 44m2 rear retreat, providing the perfect space for a studio, home office, guest accommodation, or additional living area. The property is currently tenanted until 25 May 2026 at $590 per week, making it an attractive option for investors seeking immediate rental income while securing a well-positioned coastal asset. With Esplanade views, generous land size, and close proximity to the waterfront, properties in this location are tightly held and increasingly sought after. Property Highlights - Solid 2-bedroom brick home with built-in wardrobes - Renovated kitchen and laundry - Open plan lounge and dining with air-conditioning - New window furnishings throughout - Updated lighting and electrical improvements - Renovated and air-conditioned rear retreat/studio - Large 908mΒ² block with side access - Steps from the Esplanade with water views - Currently leased until 25 May 2026 at $590 per week Whether you're looking for a coastal investment, land bank opportunity, or future lifestyle property, this is a rare chance to secure a prime position in Point Vernon. Contact Shane Bradbury from Active Agents today for further information.
Type
House
Bedrooms
2
Bathrooms
2
Parkings
2

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