FOR SALE
$395,000

29/138 Ferny Avenue
Surfers Paradise QLD 4217

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Gold Coast Holiday Bolt hole!

Are you looking for a holiday bolt-hole that will earn you a positive return with minimal effort?
This generously sized 1 bedroom apartment is located in the incredibly well-run Sovereign Alpha Resort. The complex offers an amazing location, a huge resort-style pool, spa, gym, sauna etc.
This unit offers so much: 2 blocks from the beach, 1 block from light rail, an easy walk to surfers.
Zoned as a commercial unit there are lending restrictions to navigate but this is an amazing investment opportunity. Perfect for self-managed supers of cashed-up investors (50% lending rates apply)
The unit currently has a permanent tenant but the unit is perfectly suited to Short term letting offering higher yields.
Viewings by appointment. Please give us a call for more information.

Property Details for 29/138 Ferny Ave, Surfers Paradise

29/138 Ferny Ave, Surfers Paradise is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with @realty.

Building Type
Apartment

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About Surfers Paradise 4217

The size of Surfers Paradise is approximately 6.3 square kilometres. It has 20 parks covering nearly 7.3% of total area. The population of Surfers Paradise in 2011 was 19,668 people. By 2016 the population was 23,688 showing a population growth of 20.4% in the area during that time. The predominant age group in Surfers Paradise is 20-29 years. Households in Surfers Paradise are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Surfers Paradise work in a professional occupation. In 2011, 41.5% of the homes in Surfers Paradise were owner-occupied compared with 39.9% in 2016.

Surfers Paradise has 25,232 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 72.39% increase in median value, while Units have seen a 98.47% increase. As at 31 October 2024:

  • The median value for Houses in Surfers Paradise is $2,308,496 while the median value for Units is $767,523.
  • Houses have a median rent of $750 while Units have a median rent of $673.
There are currently 374 properties listed for sale, and 92 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1583 properties were sold in the past 12 months in Surfers paradise.

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Donald Gibbs
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