FOR SALE
$600,000

1 & 2/31 Melaleuca Drive
Cooya Beach QLD 4873

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 332m2
Land area: 1293m2
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WHOLE DUPLEX ON 1,300 SQM | 5% NET RETURN INVESTMENT OPPORTUNITY

Positioned on an enviably large lot of 1,300 sqm, boasting spacious floor plans and a serene location looking onto farm land on the outskirts of Cooya Beach. These two units are being offered for sale together, on one title, and poses a fantastic opportunity for investors, developers and those seeking to occupy the residence in the near future.
For the savvy investor, the current leases (ending April & August 2025) produce a 5% net return at its asking price. For the savvy developer, the back garden is large enough to support further development (STC), and the neighbouring lot (with identical dimensions) houses 4 units. For an owner occupier, there's opportunity to settle within 6-months (avoiding investment stamp duty) and live in one half whilst earning an income from the other.
Each unit comprises a large open plan kitchen-lounge-diner, with access to a covered al fresco area, 2 large bedrooms both with built in wardrobes, a shared bathroom, carport and laundry room. Note images shown are for unit 2, and furnishings are not included in the property sale.
The picturesque Cooya Beach is a short 600m walk down the road, where there is a small, sheltered children's play park. Mossman, the business centre of the Douglas Shire, is appx 4km away, and the tourist strip of Port Douglas is appx 17km.
For more information or to arrange an inspection, contact Matthew Essex on 0481 126 732 or email matthew@propertyshopportdouglas.com or Alan Crossman on 0419 793 434 or alan@propertyshopportdouglas.com

Property Details for 1 & 2/31 Melaleuca Dr, Cooya Beach

1 & 2/31 Melaleuca Dr, Cooya Beach is a 4 bedroom, 2 bathroom DuplexSemi-detached with 2 parking spaces. The property has a land size of 1293m2 and floor size of 332m2. The place is currently for sale with Property Shop Port Douglas & Mossman.

Building Type
DuplexSemi-detached
Floor Size
332m2
Land Size
1293m2

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About Cooya Beach 4873

The size of Cooya Beach is approximately 1.3 square kilometres. The population of Cooya Beach in 2011 was 543 people. By 2016 the population was 559 showing a population growth of 2.9% in the area during that time. The predominant age group in Cooya Beach is 50-59 years. Households in Cooya Beach are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cooya Beach work in a community and personal service occupation. In 2011, 52.1% of the homes in Cooya Beach were owner-occupied compared with 61.3% in 2016.

Cooya Beach has 312 properties. Over the last 5 years, Houses in Cooya Beach have seen a 55.35% increase in median value, while Units have seen a 13.80% increase. As at 30 November 2024:

  • The median value for Houses in Cooya Beach is $579,425 while the median value for Units is $310,580.
  • Houses have a median rent of $455.
There are currently 9 properties listed for sale, and 1 property listed for rent in Cooya beach on OnTheHouse. According to CoreLogic's data, 14 properties were sold in the past 12 months in Cooya beach.

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Matthew Essex
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Alan Crossman
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