FOR SALE
$479,000

726/138 Ferny Avenue
Surfers Paradise QLD 4217

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Sovereign - Boutique Budds Beach Holiday Unit

What a position! What an outstanding investment or great holiday home, this gigantic 1 bedroom unit is situated on the 7th floor of 'Sovereign' with two balconies and a fantastic ocean view, what more could you wish for. This spacious 7th floor 1 bedroom unit has been priced to sell.
The old cliche position, position, position situated at Budds Beach next door to the Marriott Hotel and an easy walk to the beach and Surfers Paradise shops and restaurants this very large 7th floor unit presents in excellent condition. Featuring large open plan lounge and dining area, spacious bedroom, two balconies with sunny aspects and city views and situated on the 7th floor with a fantastic outlook, this spacious unit is guaranteed to impress.
Sovereign on the Gold Coast is a boutique holiday block with excellent onsite managers, it is a perfect holiday home or a great investment property. Building features include pools, sauna, spa and gym and is perfect to enjoy the Gold Coast lifestyle with Budds Beach only meters away and a short walk to Surfers Paradise and Main Beach. This spacious well presented 7th floor apartment is guaranteed to impress, don't delay as this one will not last long at this price.
- Sovereign on the Gold Coast - The perfect holiday home
- Spacious 1 bedroom unit - very large
- 7th floor with great aspect and fantastic ocean view
- Body Corporate $2,277 per quarter
- Rates $2,013.84 per half year
- Water $370.30 per quarter
- Net rental return to owner from onsite manager is $2,270.37 per month
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Property Details for 726/138 Ferny Ave, Surfers Paradise

726/138 Ferny Ave, Surfers Paradise is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with First National Real Estate Surfers Paradise.

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 25,312 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 58.55% increase in median value, while Units have seen a 85.52% increase. As at 31 July 2024:

  • The median value for Houses in Surfers Paradise is $2,376,577 while the median value for Units is $727,822.
  • Houses have a median rent of $850 while Units have a median rent of $650.
There are currently 326 properties listed for sale, and 106 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1674 properties were sold in the past 12 months in Surfers paradise.

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Bob Rollington
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First National Real Estate Surfers Paradise
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