FOR SALE
$720,000

701/11 Norman Street
Southport QLD 4215

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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OUTLOOK APARTMENT SOUTHPORT - Level 7 UNOBSTRUCTED OCEAN VIEW

A rare opportunity to own a high return modern investment unit in Southport - currently rented for $690.00 per week until 23rd July 2025. This is a 2-bedroom, 2-bathroom apartment located on Level 7 with unobstructed Ocean View from both bedrooms and balcony. Being a ''01 Layout'' (arguably the best layout in the building) meaning that the unit is North-East facing, providing plenty of sunlight during winter and ventilation during summer. It comes with 1 secure parking space and a rare, secured storage in the basement allocated to the unit. The building construction was only completed in 2016, that means there are still plenty of depreciation benefits for investors.
Given the perfect layout, views, storages, as well as the yield generated from the unit, the apartment will be suitable for both investor and home occupier.
Features:
- 2 bedrooms with built-in wardrobe, 2 bathrooms, 1 secured car space, 1 rare, secured storage in the basement.
- Level 7, Unobstructed Ocean Views from both bedrooms and balcony.
- Split System in the living area and ceiling fans in both bedrooms.
- Open plan living/dining area with private spacious balcony.
- Large modern kitchen with stone bench top, plenty of storage cupboards and European stainless-steel appliances.
- Laundry.
- Level 8 rooftop deck recreation area with stunning views of the Surfers
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Property Details for 701/11 Norman St, Southport

701/11 Norman St, Southport is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The place is currently for sale with Australian Property Alliance Management.

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About Southport 4215

The size of Southport is approximately 14.6 square kilometres. It has 37 parks covering nearly 18.2% of total area. The population of Southport in 2011 was 28,314 people. By 2016 the population was 31,879 showing a population growth of 12.6% in the area during that time. The predominant age group in Southport is 20-29 years. Households in Southport are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southport work in a professional occupation. In 2011, 41.2% of the homes in Southport were owner-occupied compared with 37.9% in 2016.

Southport has 19,717 properties. Over the last 5 years, Houses in Southport have seen a 67.64% increase in median value, while Units have seen a 97.51% increase. As at 30 November 2024:

  • The median value for Houses in Southport is $1,058,255 while the median value for Units is $719,406.
  • Houses have a median rent of $750 while Units have a median rent of $650.
There are currently 226 properties listed for sale, and 138 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1049 properties were sold in the past 12 months in Southport.

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