FOR SALE
offers over 1,150,000

U602/8 Philip Avenue
Broadbeach QLD 4218

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Rare spacious 2-bedroom apartment in Broadbeach with great ocean view over Pratten Park.

This spacious 91m2, 2 bedroom and 2-bathroom (both ensuit) apartment is nestled in the vibrant heart of Broadbeach, just a leisurely 5-minute stroll from a plethora of local attractions. Up on the 6th level of The Ritz on the Beach Resort it has great ocean views over Pratten Park. From the sun-kissed shores of Kurrawa beach to the excitement of The Star Casino, the convenience of Pacific Fair shopping centre, the allure of the Gold Coast Convention Centre, the thrill of Dracula's, and the culinary delights of the Broadbeach restaurant precinct - everything you desire is within reach.
Ideal for savvy investors, this property boasts lucrative potential with its high holiday rental income, situated in the highly sought-after Ritz on the Beach Resort. Frequented by holidaymakers, business travellers, and event attendees alike, it promises substantial returns.
Yet, it also offers a home for a young family seeking to live in the catchment area of Broadbeach State School, one of the best primary schools at the Gold Coast. Also, it could be a tranquil retreat for a discerning owner-occupier. The open-plan layout, coupled with your own private balconies, invites refreshing breezes, and floods the space with natural light.
The apartment features a mixed living/dining room with inbuilt kitchen, master bedroom with ensuite bathroom, a second bedroom with ensuite bathroom, a laundry (76m2), and two North and East-looking balconies (15m2).
In a secure undercover garage, the apartment has 2 tandem parking spots and a secure storage room.
The Ritz on the Beach Resort has a large pool with a spa, a gymnasium, a sauna, a common area with a BBQ and seating, and a roof top terrace with spa and BBQ. It is looked after by a resident manager, who also runs a reception.
For further information or to schedule a viewing, please contact Michelle at 0488 180 668.

Property Details for U602/8 Philip Ave, Broadbeach

U602/8 Philip Ave, Broadbeach is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for sale with Australian Property Alliance Management.

Building Type
Apartment

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About Broadbeach 4218

The size of Broadbeach is approximately 1.5 square kilometres. It has 6 parks covering nearly 27.2% of total area. The population of Broadbeach in 2011 was 4,613 people. By 2016 the population was 5,513 showing a population growth of 19.5% in the area during that time. The predominant age group in Broadbeach is 20-29 years. Households in Broadbeach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Broadbeach work in a professional occupation. In 2011, 40.2% of the homes in Broadbeach were owner-occupied compared with 40.6% in 2016.

Broadbeach has 8,859 properties. Over the last 5 years, Houses in Broadbeach have seen a 92.32% increase in median value, while Units have seen a 91.10% increase. As at 31 October 2024:

  • The median value for Houses in Broadbeach is $1,614,331 while the median value for Units is $1,059,793.
  • Houses have a median rent of $750 while Units have a median rent of $750.
There are currently 137 properties listed for sale, and 22 properties listed for rent in Broadbeach on OnTheHouse. According to CoreLogic's data, 517 properties were sold in the past 12 months in Broadbeach.

Suburb Insights for Broadbeach 4218

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Michelle Chen
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Australian Property Alliance Management
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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.