Renovator’s goldmine, investor’s dream, first homebuyer’s jackpot

7 River Oak Drive, Helensvale.

A house described as an “affordable property” has hit the market with a $780,000 plus price tag and it’s attracting plenty of attention.

The three-bedder in Helensvale, on the northern Gold Coast, is listed with Rebecca Dunemann of Ras360 Property Solutions.

Its listing price is more than $440,000 less than the city’s $1.22m median house value.

7 River Oak Drive, Helensvale.

“If you’ve been hunting for that one — an affordable property on the northern Gold Coast packed with potential and perfectly positioned — well your search ends here,” the listing states.

“A true renovator’s dream, investor’s delight and first homebuyer’s stepping stone.

“Whether you’re looking to roll up your sleeves and unleash your inner (The) Block contestant or simply move in and plan your upgrades over time this quirky home has the bones to become something truly special.”

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7 River Oak Drive, Helensvale.

Property records reveal 7 River Oak Drive was built in 1992 and last changed hands in 2003 for $115,000.

The house is on a 412sq m block and includes a separate living and dining area, a functional kitchen, and a rear room.

“Behind the gated entrance lies a surprise package — immaculate gardens, sunlit lawn space and a well-loved home just waiting for its next chapter,” the listing states.

7 River Oak Drive, Helensvale.

“This home is packed with personality and potential — ideal for buyers ready to put their personal stamp on a property.

“A little vision could transform this home into something truly spectacular.”

PropTrack data shows the median house price in Helensvale is $1,217,750, up 4.1 per cent over 12 months, while the median house price for a three-bedroom house in the suburb is $926,000.

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