502/40 Surf ParadeBroadbeach QLD 4218
Property Details for 502/40 Surf Pde, Broadbeach
502/40 Surf Pde, Broadbeach is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1925. The property has a land size of 641m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in Broadbeach in the last 12 months.
Last Listing description (April 2024)
Presenting a neat, tidy and perfectly located 1-bedroom unit in the heart of Broadbeach, Queensland. Not only does this residence promise comfortable living but also presents a new owner the opportunity to renovate and style their own way with an open floor plan to work with. Ideal for first-time homebuyers seeking a hassle-free lifestyle or astute investors eyeing lucrative returns.
Upon entering this 5th floor unit, you'll find a generously-sized open living space and a bedroom complete with a spacious wardrobe and an adjoining bathroom. Flooring has been upgraded with engineered timber panels and the living area has a custom mirrored sliding door cupboard installed, neatly housing the TV and creating extra storage. The north-facing orientation ensures that natural light bathes the living areas, creating a bright and inviting atmosphere.
Location-wise, this property hits the bullseye. A short stroll takes you to the golden sands of the beach, Broadbeach's bustling dining and entertainment precinct, the renowned Star Casino, and the retail haven of Pacific Fair shopping centre. What's more, it's conveniently situated just across the road from the Q-Link tram station, providing easy access to Surfers Paradise and beyond.
For investors, securing a long-term tenant is a breeze, with rental potential of approximately $550 - $600 per week. The Body Corporate fees are approximately $78 per week, making this investment a financially sound choice.
Key Features:
- 1 bedroom with a spacious wardrobe and adjoining bathroom
- Abundant natural light due to north-facing aspect
- Engineered timber flooring throughout
- Custom hidden storage
- Walking distance to everything
- Very neat and tidy
- Lovely relaxed ambient feel
Complex amenities:
- Swimming pool
- Spa
- BBQ facilities
- Large grassed area for lawn games
In summary, this property presents an exceptional opportunity to enter the property market at an affordable price point. Don't miss your chance to own this hidden gem in the heart of Broadbeach!
Disclaimer: While we have taken every effort to ensure the accuracy of this information, we disclaim all liability for any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers are advised to conduct their own inquiries to verify the provided information.
Property History for 502/40 Surf Pde, Broadbeach, QLD 4218
- 14 Mar 2024Sold for $454,000
- 06 Mar 2024Listed for Sale $454,000
- 17 May 2016Sold for $169,000
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About Broadbeach 4218
The size of Broadbeach is approximately 1.5 square kilometres. It has 6 parks covering nearly 27.2% of total area. The population of Broadbeach in 2011 was 4,613 people. By 2016 the population was 5,513 showing a population growth of 19.5% in the area during that time. The predominant age group in Broadbeach is 20-29 years. Households in Broadbeach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Broadbeach work in a professional occupation. In 2011, 40.2% of the homes in Broadbeach were owner-occupied compared with 40.6% in 2016.
Broadbeach has 8,861 properties. Over the last 5 years, Houses in Broadbeach have seen a 92.32% increase in median value, while Units have seen a 91.10% increase. As at 31 October 2024:
- The median value for Houses in Broadbeach is $1,614,331 while the median value for Units is $1,059,793.
- Houses have a median rent of $750 while Units have a median rent of $750.
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