FOR SALE
$3,300,000

1, 2, 3/89 Petrel Avenue
Mermaid Beach QLD 4218

Bedrooms: 7
Bathrooms: 4
Car spaces: 3
Land area: 405m2
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OUTSTANDING BEACHSIDE INVESTMENT OPPORTUNITY

Discover an exceptional investment opportunity in this well-maintained block
comprising of three units, perfectly positioned in one of Mermaid Beach's most
sought-after locations.
Key investment advantages include the potential for future re-development, leveraging
the property's 405sqm land parcel with a 12.4m frontage and 31.8m depth. This offers
a rare opportunity to capitalise on prime coastal real estate.
Ideal for discerning investors seeking immediate rental income and promising capital
growth opportunities, this versatile property provides multiple income streams and
future development possibilities.
The residence boasts a tranquil coastal ambiance and a lively community atmosphere.
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Property Details for 1, 2, 3/89 Petrel Ave, Mermaid Beach, QLD 4218

1 2 3/89 Petrel Ave Mermaid Beach QLD 4218 is a 7 bedroom, 4 bathroom BlockOfUnits with 3 parking spaces and was built in 1970. The property has a land size of 405m2. The place is currently for sale with Keys Realty Gold Coast.

Building Type
BlockOfUnits
Year Built
1970
Land Size
405m2

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About Mermaid Beach 4218

The size of Mermaid Beach is approximately 1.5 square kilometres. It has 5 parks covering nearly 2% of total area. The population of Mermaid Beach in 2011 was 5,722 people. By 2016 the population was 6,524 showing a population growth of 14.0% in the area during that time. The predominant age group in Mermaid Beach is 20-29 years. Households in Mermaid Beach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mermaid Beach work in a professional occupation. In 2011, 41.3% of the homes in Mermaid Beach were owner-occupied compared with 43.5% in 2016.

Mermaid Beach has 5,627 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 89.00% increase in median value, while Units have seen a 102.72% increase. As at 31 August 2024:

  • The median value for Houses in Mermaid Beach is $2,497,613 while the median value for Units is $961,144.
  • Houses have a median rent of $850 while Units have a median rent of $750.
There are currently 39 properties listed for sale, and 31 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 271 properties were sold in the past 12 months in Mermaid beach.

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Adam Keys
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Keys Realty Gold Coast
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