SOLD
Sold on 25 Sep 2023 for $610,000

48/13 Bright Avenue
Labrador QLD 4215

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 95m2
Land area: 2088m2
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Property Details for 48/13 Bright Ave, Labrador

48/13 Bright Ave, Labrador is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2004. The property has a land size of 2088m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 3 bedroom Unit sold in Labrador in the last 12 months.

Building Type
Unit
Year Built
2004
Floor Size
95m2
Land Size
2088m2
Local Government
Gold Coast City
Lot/Plan
48/SP161690

Last Listing description (November 2023)

Welcome to your private sanctuary at the tranquil 'Pebbles Resort.' This meticulously cared-for three room gem is perched securely on the top floor, offering views of the serene gardens, swaying palms, and the sparkling pool that define this beautiful complex. As you step inside, you'll be captivated by the open floorplan, which creates a sense of relaxation and spacious comfort. Whether you want to unwind or entertain, this apartment has it all.

Apartment and complex features:

- Spacious Kitchen: Your dream kitchen awaits, complete with ample cupboards, stone benchtops, and stainless steel appliances

- Master Retreat: The extra spacious master bedroom boasts a generous walk-in double mirrored wardrobe and lounge retreat
- Rooms: Three rooms in total, one modern renovated bathroom
- Convenience: The open floorplan comfortably accommodates a lounge suite and a six-seater dining area with room to spare
- Outdoor Entertainment: A sunlit undercover balcony overlooking the complex facilities, garden palms and swimming pool
- Climate Control: A powerful split system air-conditioner in the living area keeps the entire unit comfortably cool
- Flooring: Tiled entryway, kitchen, bathroom and balcony, carpeted throughout the open living and dining, hallway and bedrooms
- Parking Perks: Rare tandem car space on title for your vehicles + plenty of underground visitor car-parking
- Security & Amenities: This secure complex offers intercom access and on-site management. Dive into the inviting swimming pool, relax under the umbrellas, soak up the sun on the lounges, and savor meals in the undercover BBQ and outdoor dining area
- Residential Bliss: The building has a good combination of owner occupiers and long-term permanent leaseholds ensuring a quiet and peaceful environment
- Prime Location: Just a short stroll away from the Broadwater precinct, parks, and recreational facilities. Public transport and essential amenities are easily accessible.
- Pet friendly: Yes, subject to body corporate approval.

Outgoings and Rental Returns:

- Low Body Corporate: Approx. $82 per week
- Council Rates: Approx. $1,958 p.a
- Water Rates: Approximately $1,373 p.a
- Current Rental Return: $33,020 p.a
- Healthy Sinking Fund: Approx. $149,000+
- Off Street Parking: Ample off-street parking is available on Bright Ave, Hunter Ave, and Proud St, with no restrictive time limits

*** Please note ***

The property is currently tenanted until May 2024 for $635 per week however I have been advised by the tenant that if any owner occupier would like to reside in the residence, they are happy to break the lease agreement provided there is no break lease penalty to them. So all owner occupiers and investors are encouraged to enquire and inspect this excellent buying opportunity!

Don't miss this rare opportunity to own this magnificent unit in a very sought-after complex with low body corporate fees in this very premium position and location close to major amenities and infrastructure. Be quick as properties of this caliber are in high demand and won't last long!

Disclaimer: The website may have filtered the property into a price bracket for website functionality purposes. In preparing this information Phillis Real Estate has used its best endeavours to ensure that the information contained herein is true and accurate but accepts no responsibility and disclaims all liability in respect of any errors, omissions, inaccuracies, or mistakes.

Property History for 48/13 Bright Ave, Labrador, QLD 4215

A timeline of how this property has performed in the market
Last Sold
$610,000
25 Sep 2023
Listed for Rent
25 Apr 2023
  • 25 Sep 2023
    Sold for $610,000
  • 06 Sep 2023
    Listed for Sale Contact Agent
  • 16 Apr 2023
    Listed for Rent $635 / week
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About Labrador 4215

The size of Labrador is approximately 5 square kilometres. It has 19 parks covering nearly 14.6% of total area. The population of Labrador in 2011 was 16,401 people. By 2016 the population was 18,277 showing a population growth of 11.4% in the area during that time. The predominant age group in Labrador is 20-29 years. Households in Labrador are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Labrador work in a professional occupation. In 2011, 46.2% of the homes in Labrador were owner-occupied compared with 45.1% in 2016.

Labrador has 11,915 properties. Over the last 5 years, Houses in Labrador have seen a 110.30% increase in median value, while Units have seen a 93.83% increase. As at 31 July 2024:

  • The median value for Houses in Labrador is $1,086,427 while the median value for Units is $666,375.
  • Houses have a median rent of $690 while Units have a median rent of $625.
There are currently 138 properties listed for sale, and 37 properties listed for rent in Labrador on OnTheHouse. According to CoreLogic's data, 570 properties were sold in the past 12 months in Labrador.

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Phillip Ung
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Phillis Real Estate Queensland
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.