SOLD
Sold on 02 Apr 2024 for $970,000

48/5-7 Hill Street
Coolangatta QLD 4225

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 91m2
Land area: 2820m2
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Property Details for 48/5-7 Hill St, Coolangatta

48/5-7 Hill St, Coolangatta is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1998. The property has a land size of 2820m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Coolangatta in the last 12 months.

Building Type
Unit
Year Built
1998
Floor Size
91m2
Land Size
2820m2
Local Government
Gold Coast City
Lot/Plan
48/SP112589

Last Listing description (May 2024)

Bella Mare stands as a coveted resort within the globally renowned Rainbow Bay, nestled in the heart of Coolangatta. Embraced by a community of permanent residents, long-term tenants, and enthusiastic holidaymakers, this exclusive retreat offers a blend of comfort and leisure. A suite of amenities awaits, including a heated pool, rejuvenating spa, invigorating sauna, a well-equipped gym, and convenient surf craft storage. Managed onsite for convenience, select apartments feature generous storage cages, enhancing the lifestyle convenience.

Renowned for its world-class surf breaks and scenic beauty, Rainbow Bay's long sand-bottom points provide endless waves against a backdrop of picturesque vistas. The northerly aspect blesses the area with favourable offshore winds, catering to surfers of all skill levels.

The property itself boasts two spacious bedrooms, and two bathrooms complemented by a powder room and separate toilet, as well as a convenient laundry area. A designated car space ensures hassle-free parking, while the complex amenities include a pool, BBQ area, and two sizable balconies offering serene outdoor retreats.

Positioned only steps away from the idyllic beaches and vibrant social scene of Greenmount Beach, Rainbow Bay, and Coolangatta, residents enjoy easy access to an array of cafes, bars, restaurants, and essential services. Rainbow Bay has emerged as a focal point for luxury apartment sales, drawing attention from developers worldwide. Conveniently located just an 8-minute drive from Gold Coast International Airport, with Brisbane an hour's drive away and Byron Bay reachable in just 45 minutes, Bella Mare offers the epitome of coastal living within reach of urban conveniences.

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Property History for 48/5-7 Hill St, Coolangatta, QLD 4225

A timeline of how this property has performed in the market
Last Sold
$970,000
02 Apr 2024
Listed for Rent
$700/w
20 May 2022
  • 02 Apr 2024
    Sold for $970,000
  • 29 Feb 2024
    Listed for Sale Expressions Of Interest
  • 04 May 2022
    Listed for Rent $700 / week
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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 6,107 properties. Over the last 5 years, Houses in Coolangatta have seen a 93.54% increase in median value, while Units have seen a 108.46% increase. As at 30 September 2024:

  • The median value for Houses in Coolangatta is $1,534,688 while the median value for Units is $1,245,668.
  • Houses have a median rent of $725 while Units have a median rent of $695.
There are currently 64 properties listed for sale, and 27 properties listed for rent in Coolangatta on OnTheHouse. According to CoreLogic's data, 257 properties were sold in the past 12 months in Coolangatta.

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