218/2342 Gold Coast HighwayMermaid Beach QLD 4218
Property Details for 218/2342 Gold Coast Hwy, Mermaid Beach
218/2342 Gold Coast Hwy, Mermaid Beach is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2002. The property has a floor size of 77m2.
Last Listing description (March 2021)
Ideally located on the ground floor this two bedroom, two bathroom apartment is fully furnished and is move in ready to go and will suit the first home buyer, astute investor or the buyer who is looking to downsize.
Located in the award winning Turtle Beach Resort this complex offers the ultimate coastal lifestyle and is only a 400m stroll to some of the best beaches the Gold Coast has to offer and you are also positioned within walking distance to the Nobby Beach restaurants and cafes.
If you are looking for a fantastic investment return, this fully furnished 2 bedroom 2 bathroom apartment features open plan lounge & dining, modern kitchen with dishwasher, air-conditioning, ceiling fan, washing machine and dryer.
Approx. Outgoings:
- Council Rates $1,700 annually approx
- Water/Sewage $1,200 annually approx
- Body Corporate $120pw approx
Return on investment :
Income Return : From $54,000 p.a ($270 per night)
Management Fees : 13.2%
Advertising Fees : 3.3%
Weekly Cleaning Fee : $93.50
Weekly Linen : $63.80
Property History for 218/2342 Gold Coast Hwy, Mermaid Beach, QLD 4218
- 07 Jan 2021Listed for Sale Ground Floor $359,000 + Offers
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0About 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 5,596 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.
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