SOLD
Sold on 29 Sep 2023 for $437,000

507/40 Surf Parade
Broadbeach QLD 4218

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 50m2
Land area: 641m2
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RE/MAX Broadbeach Waters
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Property Details for 507/40 Surf Pde, Broadbeach

507/40 Surf Pde, Broadbeach is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 641m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 1 bedroom Unit sold in Broadbeach in the last 12 months.

Building Type
Unit
Year Built
1980
Floor Size
50m2
Land Size
641m2
Local Government
Gold Coast City
Lot/Plan
42/BUP102974

Last Listing description (November 2023)

Presenting a tastefully upgraded 1-bedroom unit in the heart of Broadbeach, Queensland. This fully furnished residence not only promises comfortable living but also boasts a kitchen that has been thoughtfully enhanced plus recently replaced flooring. Ideal for first-time homebuyers seeking a hassle-free lifestyle or astute investors eyeing lucrative returns.

Upon entering, you'll find a generously-sized open living space and a bedroom complete with a spacious wardrobe and an adjoining bathroom. 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 $570 - $600 per week. The Body Corporate fees are approximately $73 per week, making this investment a financially sound choice.

Key Features:
- Fully furnished unit
- 1 bedroom with a spacious wardrobe and adjoining bathroom
- Abundant natural light due to north-facing aspect
- Upgraded kitchen
- Very neat and tidy

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!

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Property History for 507/40 Surf Pde, Broadbeach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$437,000
29 Sep 2023
Listed for Rent
$300/w
06 Jan 2013
  • 29 Sep 2023
    Sold for $437,000
  • 22 Sep 2023
    Listed for Sale $437,000
  • 14 Jul 2022
    Transferred for $155,000
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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 8,872 properties. Over the last 5 years, Houses in Broadbeach have seen a 64.54% increase in median value, while Units have seen a 75.99% increase. As at 31 July 2024:

  • The median value for Houses in Broadbeach is $1,435,536 while the median value for Units is $982,294.
  • Houses have a median rent of $718 while Units have a median rent of $750.
There are currently 89 properties listed for sale, and 21 properties listed for rent in Broadbeach on OnTheHouse. According to CoreLogic's data, 494 properties were sold in the past 12 months in Broadbeach.

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