SOLD
Sold on 23 Jul 2024 for $1,560,000

4/162 Marine Parade
Coolangatta QLD 4225

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 100m2
Land area: 566m2
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Property Details for 4/162 Marine Pde, Coolangatta

4/162 Marine Pde, Coolangatta is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1967. The property has a land size of 566m2 and floor size of 100m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Coolangatta in the last 12 months.

Building Type
Unit
Year Built
1967
Floor Size
100m2
Land Size
566m2
Local Government
Gold Coast City
Lot/Plan
4/BUP187

Last Listing description (September 2024)

It's time for you to secure the Rainbow Bay lifestyle that only few can enjoy. Rainbow Bay features pristine beaches, stunning sunsets and cooling ocean breezes.

FEATURES
- North facing balcony that expands the width of the apartment

- Complex is a secure building featuring a lift and ocean facing pool
- This apartment has been recently updated
- Both bedrooms feature ocean views and built-in wardrobes
- The bathroom is designed with accessibility in mind
- Durable and stylish vinyl flooring throughout
- Secure your vehicle in the single lock up garage

WHERE TO FROM HERE
- This building is right on the beachfront of beautiful Rainbow Bay beach
- Short walk to Greenmount and Coolangatta beach
- 350m walk to Rainbow bay Surf Club, enjoy an afternoon drink watching the sunset
- 750m walk to Twin Towns Services Club
- 1km walk to Tweed Mall with Target, Coles, Aldi and Woolworths plus variety stores
- 800m walk to the centre of Coolangatta with plenty of shopping, dining, cafes and cinemas
- 5 minute drive to Coolangatta Airport
- 45 minutes drive to Byron Bay and Surfers Paradise
- Theme parks are within a 1 hour drive
- Walk to the surfing areas of Snapper Rocks, Rainbow Bay, Greenmount, D'bah and Kirra
- This unit makes an ideal base for those wanting beaches, restaurants, shops and entertainment all within easy reach
- Take a leisurely stroll along the beachfront pathways which run from Rainbow Bay right up the coast to Currumbin
- Enjoy an afternoon cocktail and watch the sunset at the local surf clubs

THE FINER DETAILS
Body Corporate $214 approx per week
Sinking Fund Balance $265,884.02 as at 11 June 2024
Rental Appraisal $800-$820 per week approx
Year Built 1967
20 apartments in the block

Weekly Holiday Rental Figures Approx.:
- Off Season $255 per night
- Holidays $360 per night
- Easter/events $445 per night
- Christmas $510 per night

To secure your spot of heaven in Rainbow Bay contact Belinda Trotman on 0412 881 818 & Tanae Boyle 0402 676 424.

DISCLAIMER
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

The information relating to this property has been obtained by a third party source, which is believed to be accurate and reliable. RBR Property Consultants has taken every care to ensure this information is as reliable and accurate as possible, but may be subject to errors and omissions. RBR gives no guarantee that this information is 100% correct and it is recommended that you consult an advisor to verify any information for any properties.

Property History for 4/162 Marine Pde, Coolangatta, QLD 4225

A timeline of how this property has performed in the market
Last Sold
$1,560,000
23 Jul 2024
  • 23 Jul 2024
    Sold for $1,560,000
  • 11 Jun 2024
    Listed for Sale $1,570,000 - $1,620,000
  • 31 Oct 2023
    Listed for Sale Not Disclosed
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About Coolangatta 4225

The size of Coolangatta is approximately 1.8 square kilometres. It has 8 parks covering nearly 16.5% of total area. The population of Coolangatta in 2011 was 5,192 people. By 2016 the population was 5,959 showing a population growth of 14.8% in the area during that time. The predominant age group in Coolangatta is 60-69 years. Households in Coolangatta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coolangatta work in a professional occupation. In 2011, 44.9% of the homes in Coolangatta were owner-occupied compared with 48.2% in 2016.

Coolangatta has 6,136 properties. Over the last 5 years, Houses in Coolangatta have seen a 107.89% increase in median value, while Units have seen a 98.59% increase. As at 31 August 2024:

  • The median value for Houses in Coolangatta is $1,657,975 while the median value for Units is $1,187,868.
  • Houses have a median rent of $700 while Units have a median rent of $695.
There are currently 55 properties listed for sale, and 27 properties listed for rent in Coolangatta on OnTheHouse. According to CoreLogic's data, 267 properties were sold in the past 12 months in Coolangatta.

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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.