SOLD
Sold on 16 Oct 2023 for $400,000

2/2607-2609 Gold Coast Highway
Mermaid Beach QLD 4218

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 50m2
Land area: 873m2
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Property Details for 2/2607-2609 Gold Coast Hwy, Mermaid Beach

2/2607-2609 Gold Coast Hwy, Mermaid Beach is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1997. The property has a land size of 873m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 1 bedroom Unit sold in Mermaid Beach in the last 12 months.

Building Type
Unit
Year Built
1997
Floor Size
50m2
Land Size
873m2
Local Government
Gold Coast City
Lot/Plan
2/BUP105565

Last Listing description (September 2024)

Brilliant Investment Opportunity in a fabulous 6 star location - fabulous long term tenants already in place and happy to stay on.
This unit is in an extremely sort after location on the Broadbeach/Mermaid Beach border - directly opposite Pacific Fair Shopping Centre.

On offer is this well-appointed and spacious 1 bedroom ground floor furnished apartment with patio. The facilities include a sparkling pool and heated spa, BBQ entertainment area and secure undercover parking for one vehicle.

"Portobello Resort Apartments" is a classically designed Mediterranean complex only 4 stories high (including basement), conveniently located directly opposite Pacific Fair Shopping Centre, a short stroll to the Star Casino, Convention Centre and less than 10 minutes' walk to the heart of Broadbeach. Leave your car at home as it is a short stroll to the gold coast's beautiful Mermaid & Broadbeach surf beaches, local shops, restaurants, local clubs and cafes. Just a couple of minutes walk to the Broadbeach South Bus and Tram Station.

Features:
- Ground floor unit
- Light & Airy
- Furnished apartment

This unit is currently permanently let until 1st February 2024 for $450 per week.

Stage 3 of the $650 million dollar Light Rail extension from Broadbeach to Burleigh is now well under construction and opposite the Complex.

With the amenities and facilities offered, you need to inspect this one!

Act now to secure this property. All enquiries welcome. Call Dorelle on 0402 346 331 to organise an inspection.

Please note that unit photographs may not represent the actual unit itself, but they are of the same floorplan.(Listing ID: 21118825 )

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Property History for 2/2607-2609 Gold Coast Hwy, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$400,000
16 Oct 2023
Listed for Rent
$295/w
19 Dec 2015
  • 16 Oct 2023
    Sold for $400,000
  • 31 Aug 2023
    Listed for Sale Not Disclosed
  • 03 Nov 2015
    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 5,624 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.

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