Address
5 Derby Court, Buderim, QLD 4556
Investment Strategy
Renovation
Development Timeline
Property Purchased
Property Sold
About the Property
5 Derby Court in Buderim represents a prime property opportunity, ideal for various buyer groups including first home buyers, renovators, investors, and builders. The property features a four-bedroom home on a substantial 856m2 land parcel, requiring renovation but offering immense potential. Key features include a sizable yard, two living areas, and a functional kitchen. Notable issues include a roof needing repair, termite activity (treated), and original but serviceable bathrooms. The property, presented ‘as is’, is set for auction on 14 July at the Sunshine Coast Function Centre, viewed as a significant buying opportunity by the agent.
From the realestate.com.au listing
Development Stats
2023
238
509
About the Suburb
Buderim, QLD 4556, with a population of 31,430 and 13,316 dwellings, predominantly features owner-occupied homes (66%). The IQR % Median of 36% suggests potential for properties requiring renovation. The suburb has an average DOM (Days on Market) of 38 days and an ICSEA school score of 83, indicating quality education. The median property value stands at $1.05 million, experiencing a recent growth decline of -4.1%. The rental market is strong, evidenced by a 4.0% rental yield and a low vacancy rate of 1.4%. The market absorption rate is 21%, indicating a reasonably active real estate market.
Suburb Median
Rental Yield
