OFF MARKET

1/116 Petrel Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 80m2
Land area: 265m2
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Property Details for 1/116 Petrel Ave, Mermaid Beach

1/116 Petrel Ave, Mermaid Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1978. The property has a land size of 265m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last transferred in April 2012.

Building Type
Unit
Year Built
1978
Floor Size
80m2
Land Size
265m2
Local Government
Gold Coast City
Lot/Plan
1/BUP2847

Last Listing description (September 2021)

Tucked away in a boutique apartment block of only 9 and only a 2 minute walk from the surf, this open-plan property has a private balcony with a leafy outlook allowing effortless entertaining with minimal upkeep.

In the highly sought after area of Mermaid Beach this open plan apartment could be your new home. Picture yourself only 200m from the gorgeous Mermaid Beach where you can spend all day enjoying what it has to offer. You will be spoilt for choice with the trendy eateries and cocktail bars which are only an eight minute walk away from your doorstep.

Property Features:

- Well designed open plan living
- Two well sized bedrooms
- First floor with a private balcony
- Main bathroom with built in laundry
- Sought after location of Mermaid Beach
- Minutes away from the beach and boutique cafes.

***No internal pictures as the property is currently occupied***

***Small pet on application***

Property History for 1/116 Petrel Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Transferred
$267,000
04 Apr 2012
Listed for Rent
$450/w
19 Aug 2020
  • 30 Jul 2020
    Listed for Rent $450 / week
  • 04 Apr 2012
    Transferred for $267,000
  • 10 Mar 2012
    Listed for Sale Not Disclosed
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About Mermaid Beach 4218

The size of Mermaid Beach is approximately 1.5 square kilometres. It has 5 parks covering nearly 2% of total area. The population of Mermaid Beach in 2011 was 5,722 people. By 2016 the population was 6,524 showing a population growth of 14.0% in the area during that time. The predominant age group in Mermaid Beach is 20-29 years. Households in Mermaid Beach are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mermaid Beach work in a professional occupation. In 2011, 41.3% of the homes in Mermaid Beach were owner-occupied compared with 43.5% in 2016.

Mermaid Beach has 5,624 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 86.14% increase in median value, while Units have seen a 94.65% increase. As at 31 July 2024:

  • The median value for Houses in Mermaid Beach is $2,424,549 while the median value for Units is $910,639.
  • Houses have a median rent of $900 while Units have a median rent of $750.
There are currently 38 properties listed for sale, and 36 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 277 properties were sold in the past 12 months in Mermaid beach.

Suburb Insights for Mermaid Beach 4218

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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.