OFF MARKET

1/36 Peerless Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 91m2
Land area: 188m2
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Property Details for 1/36 Peerless Ave, Mermaid Beach

1/36 Peerless Ave, Mermaid Beach is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 188m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in September 2022.

Building Type
Unit
Year Built
1990
Floor Size
91m2
Land Size
188m2
Local Government
Gold Coast City
Lot/Plan
1/BUP9929

Last Listing description (September 2022)

Ideally located with the surf and sand of Mermaid Beach at the end of the street is this prime opportunity to secure your slice of coveted beachside real estate.

Set on the ground floor of a boutique older style block of only 8, this light, bright and beachy apartment offers an ideal relaxed, low maintenance lifestyle choice or savvy beachside investment opportunity.

Featuring 2 bedrooms, 2 bathrooms including master with ensuite, spacious tiled living space and large undercover balcony, perfect for enjoying the cool coastal breezes on offer.

With great bones and fantastic potential, add value with your personal touches and capitalise on its dream beachside setting!

With world class shopping, public transport, an endless array of trendy cafes, bars and restaurants at your doorstep and the iconic beaches of the Gold Coast right at the end of your street, this has to be one of the most sought after locations on the Gold Coast.

Features:
- Ground floor 2 bedroom, 2 bathroom unit
- Includes Master bedroom with ensuite
- Spacious fully tiled living space
- Generous sized undercover balcony to catch the cool ocean breezes
- Light, bright and airy
- Small block of only 8 on 809m2 block - perfect for redevelopment
- Secure basement car space
- Solid brick and tile block
- Quality address with the beach at the end of the street
- Situated opposite Pacific Fair Shopping Centre and the convenience of the Light Rail Station
- Easy walk to Mermaid Park and the Mermaid Beach Surf Club
- Easy stroll to Star Casino and the heart of Broadbeach

- Currently rented at $445 per week with lease expiring 18th May 2023 (Please note, owner occupiers cannot move into the property until after this date)
- Council rates: $2,500 per annum (approx.)
- Water rates: $1,350 per annum (approx. - variable upon consumption)
- Body corporate fees: $60 per week (approx.)

Contact Luke Henderson and Larissa Martos today for a copy of the information pack for this property.

Potential buyers should make their own inspections and enquiries and seek their own independent legal advice before signing a contract of sale, to satisfy themselves that all details relating to the property are correct.

Property History for 1/36 Peerless Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$665,000
02 Sep 2022
Listed for Rent
$355/w
17 Nov 2012
  • 02 Sep 2022
    Sold for $665,000
  • 03 Aug 2022
    Listed for Sale $699,000
  • 01 Nov 2012
    Listed for Rent - Price not available
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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 5,607 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 101.41% increase in median value, while Units have seen a 105.35% increase. As at 31 October 2024:

  • The median value for Houses in Mermaid Beach is $2,605,736 while the median value for Units is $973,758.
  • Houses have a median rent of $800 while Units have a median rent of $775.
There are currently 40 properties listed for sale, and 30 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 262 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.