FOR SALE
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3/11 Mermaid Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Auction Time
Fri 29 Nov 12:00 pm
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Opportunity Awaits: Spacious Two-Bedroom Unit in Prime Beachside Location!

This well-loved, expansive two-bedroom unit is now available for discerning investors looking to capitalise on the Gold Coast's development boom or savvy owner occupiers to bring fresh energy and creativity to this gem. Nestled in the heart of the Gold Coast, this property is ideally situated for a vibrant beach lifestyle. With the light rail station just 300 metres away and the stunning Gold Coast beaches within walking distance, convenience is at your doorstep.
Set within a block of just nine units on a substantial 1,108m² land parcel zoned RD8, this property boasts a high-density, unrestricted height limit for future development. The area is in high demand, making it a coveted entry point for buyers looking to invest in one of the most tightly held beachfront suburbs in South East Queensland. The location is unparalleled-just a short stroll to Australia's fourth-largest shopping centre, Pacific Fair, and the bustling dining and entertainment precincts of Broadbeach.
This large unit is perfect for a low-budget renovation project, but equally modern enough to be enjoyed immediately. The thoughtful floorplan includes a spacious living area, a separate dining room adjacent to the kitchen, and a north-facing balcony that floods the space with natural light. The good-sized kitchen provides ample opportunity for customization, while a separate laundry area offers the potential for a bathroom conversion. Both bedrooms are generously sized, complemented by an extra-large single lock-up garage, the only one in the entire block with internal access. Whether you're looking for a project to make your own or a strategic investment in Queensland's thriving beachside real estate market, this is one opportunity you can't miss!
Key features include:
- Low body corporate fees of approximately $67 per week
- Current rental income of $620 per week (owner-occupiers can move in at end of lease)
- Footsteps to the beach, light rail, and shopping amenities
- 2 Large bedrooms with built in robes
- 1 car space with internal access garage for one car
- Set within a block of just nine units on a substantial 1,108m² land parcel zoned RD8
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Property Details for 3/11 Mermaid Ave, Mermaid Beach

3/11 Mermaid Ave, Mermaid Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The place is currently for sale with Ray White Broadbeach Waters.

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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 5,596 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 101.41% increase in median value, while Units have seen a 105.35% increase. As at 31 October 2024:

  • The median value for Houses in Mermaid Beach is $2,605,736 while the median value for Units is $973,758.
  • Houses have a median rent of $800 while Units have a median rent of $775.
There are currently 38 properties listed for sale, and 33 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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Mitch Palmer
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Bailey Collie
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Ray White Broadbeach Waters
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