1401/255 Boundary StreetCoolangatta QLD 4225
Property Details for 1401/255 Boundary St, Coolangatta
1401/255 Boundary St, Coolangatta is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 429m2 and floor size of 128m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Coolangatta in the last 12 months.
Last Listing description (October 2024)
Welcome to your dream seaside escape at Rainbow Bay! Perched on the 14th floor, this exquisite two-bedroom, two-bathroom apartment offers breathtaking panoramic views of the sparkling ocean, creating an idyllic haven for those seeking both comfort and investment potential.
Spectacular Ocean Views: Enjoy mesmerizing sunrises and sunsets from the comfort of your living room or private balcony, showcasing the beauty of Rainbow Bay.
Open-Concept Living: The spacious and airy design of this apartment creates a seamless flow between the living, dining, and kitchen areas, perfect for entertaining guests or relaxing after a day at the beach.
Kitchen: The well-appointed kitchen features lovely appliances, sleek cabinetry, and a breakfast bar, making it a culinary haven for both residents and potential vacationers.
Master Suite: The master bedroom boasts an en-suite bathroom, walk-in closet, and, of course, those stunning Tweed River and Fingal views. Wake up to the sound of the waves every morning!
Investment Potential: Positioned in one of Rainbow Bay's most sought-after locations, this property offers excellent investment potential as a holiday rental. Take advantage of the growing demand for vacation properties in this picturesque destination.
?? Location, Location, Location:
Situated in the heart of Rainbow Bay, you'll be steps away from pristine sandy beaches, trendy cafes, and a vibrant local culture. Explore the nearby surf breaks of Snapper Rocks and DBar, take a leisurely stroll along the esplanade, or indulge in the diverse dining options right at your doorstep.
?? Investment Benefits:
Strong Rental Demand: Rainbow Bay is a hotspot for holidaymakers, ensuring a consistent demand for short-term rentals throughout the year.
Proximity to Attractions: With easy access to popular tourist attractions, your property will be in high demand among vacationers seeking a memorable beachside experience.
Proven Rental Income: This unit together with similar properties in the area have demonstrated a strong track record of rental income, making this an attractive investment opportunity.
Don't miss the chance to own a piece of Rainbow Bay's coastal paradise with an investment twist. Whether you're looking for a luxurious home or a savvy investment, this two-bedroom gem on the 14th floor is a rare find. Contact us today to schedule a private viewing and start envisioning the potential of coastal living and lucrative holiday rentals! ??
Body Corporate Levies Yearly Net $7,797 Sinking Fund $929,403 as at 16 January 2024
Water Rates $1,330
Rates $3,258
Net Profit Holiday Rental $49,000 Owners holiday during peak periods
Property History for 1401/255 Boundary St, Coolangatta, QLD 4225
- 22 Feb 2024Sold for $1,400,000
- 07 Feb 2024Listed for Sale Offers over $1.4M
- 08 Feb 1984Sold for $115,000
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About Coolangatta 4225
The size of Coolangatta is approximately 1.8 square kilometres. It has 8 parks covering nearly 16.5% of total area. The population of Coolangatta in 2011 was 5,192 people. By 2016 the population was 5,959 showing a population growth of 14.8% in the area during that time. The predominant age group in Coolangatta is 60-69 years. Households in Coolangatta are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Coolangatta work in a professional occupation. In 2011, 44.9% of the homes in Coolangatta were owner-occupied compared with 48.2% in 2016.
Coolangatta has 6,106 properties. Over the last 5 years, Houses in Coolangatta have seen a 109.02% increase in median value, while Units have seen a 103.49% increase. As at 31 October 2024:
- The median value for Houses in Coolangatta is $1,654,991 while the median value for Units is $1,234,151.
- Houses have a median rent of $715 while Units have a median rent of $700.
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