SOLD
Sold on 10 Sep 2023 for $705,000

3/14 Peerless Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 83m2
Land area: 354m2
Sold By
Larissa Martos
JOHN HENDERSON REAL ESTATE
Luke Henderson
JOHN HENDERSON REAL ESTATE
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Property Details for 3/14 Peerless Ave, Mermaid Beach

3/14 Peerless Ave, Mermaid Beach is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1988. The property has a land size of 354m2 and floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 2 bedroom Unit sold in Mermaid Beach in the last 12 months.

Building Type
Unit
Year Built
1988
Floor Size
83m2
Land Size
354m2
Local Government
Gold Coast City
Lot/Plan
3/BUP9616

Last Listing description (October 2023)

Our Investors have called time on this beachside beauty, presenting a fortunate new owner the chance to enjoy the position and lifestyle on offer. Act now and be rewarded! All genuine cash offers will be considered prior to Auction as this property will be sold!

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 7, this light, bright and beachy apartment offers an ideal relaxed, low maintenance lifestyle choice or savvy beachside investment opportunity.


Relish in the lifestyle this sought-after location has to offer! Wake up and smell the coffee (literally) with the Door 50 Coffee shop mere footsteps away! Your new daily routine will include a morning surf or leisurely strolls on the beach or along Hedges Avenue and dining at the endless array of nearby restaurants, cafes and bars. Also offering close proximity to the world class shopping at Pacific Fair, the cosmopolitan heart of Broadbeach, the excitement of Star Casino and the convenience of the Light Rail Station all just an easy walk from home.

Features:
- 2 bedrooms with built in wardrobes
- 1 bathroom, but separate to the toilet
- Ground Floor
- Air conditioning
- Laminate floorboards throughout
- Sunny east facing outdoor patio
- Larger secure car space in basement (suitable for 2 average sized cars)
- "Ripple Court", small block of only 7 units on 809m2 beachside block
- Highly desirable location just a short stroll to Broadbeach precinct
- Patrolled beach at the end of the street
- Easy walk to the light rail, transport routes and an array of restaurants and cafes

- Council Rates: Approximately $2,650
- Water Rates: Approximately $1,400
- Body Corporate: Approximately $68 per week
- Rental Income: $570 per week until 08/12/2023

Auction: Saturday 23rd September, 2pm On Site
Auction Terms: $25,000, 30-60 Day Settlement

Take advantage of this opportunity today! With its ultra-convenient location and fantastic beachside position, you'll see why Mermaid Beach / Broadbeach is really the best place to call home. Contact Luke Henderson or Larissa Martos to organise your inspection.

Due to State Government Legislative requirements, to bid at auction photographic ID is required for registration. The deposit is due to be paid immediately after the fall of the hammer on auction day unless other prior arrangements have been made.

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 only.

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 3/14 Peerless Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$705,000
10 Sep 2023
Listed for Rent
$550/w
30 May 2022
  • 10 Sep 2023
    Sold for $705,000
  • 28 Aug 2023
    Listed for Sale Under Contract
  • 25 Aug 2023
    Listed for Rent $550 / week
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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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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.