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Sold on 21 Sep 2024 for $840,000

1/42 Sunbrite Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
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Property Details for 1/42 Sunbrite Ave, Mermaid Beach

1/42 Sunbrite Ave, Mermaid Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Mermaid Beach in the last 12 months.

Building Type
Unit
Floor Size
84m2
Local Government
Gold Coast City
Lot/Plan
1/BUP3345

Last Listing description (September 2024)

Combining superior lifestyle, location and convenience, 'Sunbrite Lodge' is ideally positioned to offer the best of Mermaid Beach. Walking distance to an array of restaurants, cafes, retail and public transport, complete with a pristine patrolled beach at the end of the street.

A boutique set of 7 units held on a beachside double block presents a desirable opportunity to invest, with the potential for future redevelopment. This tidy 2 bedroom unit is the only ground floor unit in the block - perfect to relax on your sunny north facing patio enjoying the peaceful neighbourhood.

Whether it's a leisurely morning or sunset stroll along the beach, to your choice of local restaurants or cafes, or to nearby light rail and additional public transport, this property presents the opportunity to simply leave the car at home and enjoy the beachside lifestyle. The Star Casino, Gold Coast Convention Centre, world class shopping and dining at Pacific Fair and the nearby Broadbeach shopping and dining precinct are also in close proximity. Make it yours and inspect today!

Property Specifications:
• 'Sunbrite Lodge' a boutique double block of only 7 units on 809m2 beachside block with possible future redevelopment potential
• 2 bedroom, 1 bathroom ground floor unit
• Sunny North facing patio
• Updated kitchen
• Separate Landry
• Large single lock up garage with plenty of additional space for storage
• Highly desirable location, with patrolled beach at the end of the street and a multitude of restaurants and cafes nearby
• Easy walk to the light rail, additional bus stops and public transport
• Convenient proximity to Pacific Fair, Star Casino and the Gold Coast Convention centre and more.

Council Rates: Approx. $1,955.97 half yearly
Water Rates: Approx. $326.33 per quarter
Rental Appraisal: $700 - $750 per week
Body Corporate: Approx. $53.57 per week
Sinking Fund Balance: $18,155.04 AS AT 8 AUGUST 2024

Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes

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Property History for 1/42 Sunbrite Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$840,000
21 Sep 2024
Listed for Rent
30 Oct 2024
  • 24 Oct 2024
    Listed for Rent $800 / week
  • 21 Sep 2024
    Sold for $840,000
  • 27 Aug 2024
    Listed for Sale Auction
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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 5,595 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 38 properties listed for sale, and 33 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 271 properties were sold in the past 12 months in Mermaid beach.

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Christian Kennedy
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