5 Banksia StreetPoint Vernon QLD 4655
Property Details for 5 Banksia St, Point Vernon
5 Banksia St, Point Vernon is a 2 bedroom, 2 bathroom House with 1 parking spaces and was built in 1975. The property has a land size of 908m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 2 bedroom House sold in Point Vernon in the last 12 months.
Last Listing description (August 2026)
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 908m 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 on a periodic basis 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 908m block with side access
- Steps from the Esplanade with water views
- Currently leased periodically 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 Selling Agent Shane Bradbury from Active Agents today for further information.
DISCLAIMER: All information provided has been compiled with care, but relies on third-party sources and is not guaranteed. Active Agents makes no warranty as to its accuracy or completeness. Property boundaries shown are indicative only-refer to official survey plans for precise details. Images are for illustrative purposes. Buyers are advised to conduct their own investigations and seek independent advice.
Property History for 5 Banksia St, Point Vernon, QLD 4655
- 31 Jul 2026Sold for $810,000
- 08 Mar 2026Listed for Sale SOLD | $810,000
- 30 Apr 2024Listed for Rent $590 / week
Recent sales nearby
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0About Point Vernon 4655
The size of Point Vernon is approximately 4.8 square kilometres. There are 14 parks, covering nearly 16.4% of the total area. The population of Point Vernon in 2016 was 5699 people. By 2021 the population was 5718 showing a population growth of 0.3% in the area during that time. The predominant age group in Point Vernon is 60-69 years. Households in Point Vernon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Point Vernon work in a professional occupation.In 2021, 72.30% of the homes in Point Vernon were owner-occupied compared with 67.60% in 2016.
Point Vernon has 2,963 properties. Over the last 5 years, Houses in Point Vernon have seen a 87.92% increase in median value, while Units have seen a 194.43% increase. As at 31 July 2026:
- The median value for Houses in Point Vernon is $849,971 while the median value for Units is $819,620.
- Houses have a median rent of $625 while Units have a median rent of $555.
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