Property Details
5 Banksia Street, Point Vernon QLD 4655
Offers over $880,000Description
Coastal Investment on 908m just steps from the Esplanade
House - Point Vernon QLD
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 908m² 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. The renewal rent appraisal guidance is $650-$680 per week.
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 908m² block with side access
– Steps from the Esplanade with water views
– Currently leased until 25 May 2026 at $590 per week
– Potential to increase rent at lease renewal to $650-$680 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.
Property Features
- House
- 2 bed
- 2 bath
- 1 Parking Spaces
- Land is 908 m²
- Floor Area is 135 m²
- 2 Toilet
- Garage
- Open Parking Spaces
- Built In Robes














