OFF MARKET

1/5 Pratt Court
Point Lookout QLD 4183

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 133m2
Land area: 256m2
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Property Details for 1/5 Pratt Ct, Point Lookout

1/5 Pratt Ct, Point Lookout is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2004. The property has a land size of 256m2 and floor size of 133m2. While the property is not currently for sale or for rent, it was last sold in May 2016.

Building Type
House
Year Built
2004
Floor Size
133m2
Land Size
256m2
Local Government
Redland
Lot/Plan
1/SP173261

Last Listing description (August 2016)

Unique Opportunity to Live the Dream with Income.
3 Properties for Sale. Unique Tourism Investment + Residential Home + Holiday House + Income.
Such is the quality of these properties, that promotional photos of the houses have been extensively used by Queensland Tourism, local government agencies and island tourism service providers who are promoting tourism services for the island.

Beautiful Island Beach House with Amazing Ocean Views. The highest Beach house on the Island.
'The Keep', includes properties 1,2, and 3. All three properties are available for sale with price consideration as a package, creating a unique major tourism and business opportunity, perfect residential home and holiday house.
Combined income for all three properties is approx $100,000 + annually. With a little imagination and networking with tour groups there is potential for $150,000-$200,000 income per annum. With a long history of repeat holiday clients creating a substantial income every year. 'The Keep' House 3, currently returns approx. $35,000 annually with its own website. There is considerable potential to increase this return with tour operators, corporate clients and future harbourside developments, which are the departure point for the Island vehicle ferry to Stradbroke Island.
Future Development - ONE of Australia's largest developers has been appointed to create the masterplan for billion-dollar harbourside precincts in Redland City. Walker Corporation, which is known for its large-scale waterfront projects including the $400 million Hope Island Resort, will now create detailed plans for the 67ha Toondah Harbour and 42ha Weinam Creek priority development areas.
Redland City Council and the State Government earlier this year revealed that revised plans for Toondah Harbour would include a new plaza and passenger ferry terminal, 400-berth marina precinct, mixed-use urban village and apartments, with buildings up to 10 storeys. Weinam Creek plans would also include a 400-berth marina and the area would be revitalised with a new waterfront esplanade, shops, cafes, apartments and parking.

'The Keep' House 3, really is a unique and delightful 3 bedroom island beach house. The best Whale watching tower with panorama views across Point Lookout , Moreton Island from Cape Moreton Lighthouse to South Passage Bar even across onto Flinders Beach at the tip of Amity Point. On a clear day you can pick out up to 6 of the Glass House Mountains in the distance.
The main second level has a large fixed glass panel so you can sit in the lounge area in all weather, comfortably take in the ocean outlook and watch the passing whales. This level also has the main deck, dining area and well appointed kitchen. The master bedroom on this level is ensuited and has a lovely bush land outlook with frequent sightings of the local wildlife.
The first level has two good sized bedrooms, bathroom, a second lounge room and kitchenette opening onto the covered deck and a separate laundry which also opens onto the deck. Ground level has ample covered car parking, convenient external shower, a secure entry area for storage of all your beach gear and another large locked storage area.
There is further area for development on this level.
The architect design incorporates two separate living areas enabling friends and family to comfortably share recreation and meals while having the option of private areas for retreat as desired. This has proven to be a very successful design aspect for those who have enjoyed the property and holidays on the island.
The home is fully furnished and decorated including original paintings and is ready for permanent island living or to use for your holiday enjoyment. Buy one or all three of the houses in The Keep for personal use, investment, family or consortium purchase.
Inspection by Appointment

Property History for 1/5 Pratt Ct, Point Lookout, QLD 4183

A timeline of how this property has performed in the market
Last Sold
$785,000
27 May 2016
  • 27 May 2016
    Sold for $785,000
  • 05 Feb 2015
    Listed for Sale $849,000
  • 08 Dec 2013
    Listed for Sale $849,000

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About Point Lookout 4183

The size of Point Lookout is approximately 4.4 square kilometres. It has 6 parks covering nearly 35.2% of total area. The population of Point Lookout in 2011 was 678 people. By 2016 the population was 709 showing a population growth of 4.6% in the area during that time. The predominant age group in Point Lookout is 60-69 years. Households in Point Lookout are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Point Lookout work in a professional occupation. In 2011, 57.2% of the homes in Point Lookout were owner-occupied compared with 62.5% in 2016.

Point Lookout has 1,380 properties. Over the last 5 years, Houses in Point Lookout have seen a 118.52% increase in median value, while Units have seen a 127.14% increase. As at 31 July 2024:

  • The median value for Houses in Point Lookout is $1,839,500 while the median value for Units is $1,043,976.
  • Houses have a median rent of $3,475.
There are currently 17 properties listed for sale, and 1 property listed for rent in Point lookout on OnTheHouse. According to CoreLogic's data, 37 properties were sold in the past 12 months in Point lookout.

Suburb Insights for Point Lookout 4183

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.