SOLD
Sold on 22 Dec 2023 for $690,500

3/198B Hedges Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 76m2
Land area: 236m2
Sold By
Professionals MERMAID BEACH
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Property Details for 3/198b Hedges Ave, Mermaid Beach

3/198b Hedges Ave, Mermaid Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 236m2 and floor size of 76m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in Mermaid Beach in the last 12 months.

Building Type
Unit
Year Built
1981
Floor Size
76m2
Land Size
236m2
Local Government
Gold Coast City
Lot/Plan
3/BUP4060

Last Listing description (January 2024)

A fantastic opportunity to purchase into one of the most sought after beachside locations on the Gold Coast! Nestled in the quiet Hedges Easement off prestigious Hedges Avenue, surrounded by multi million dollar homes and just footsteps to the famous surf and sand of Mermaid Beach this fantastic position offers you a Hedges Avenue address but without the price tag!

Secure your future in this prime position property, set on a 496m2 land area with only 5 units and fantastic future redevelopment potential. Recently painted throughout and new carpet and curtains installed, the property is ready for you to move in and a blank canvas to add your personal touch.

Position is what this property is all about! Immerse yourself in the relaxed coastal vibe and family friendly community feel with an eclectic mix of cafes, bars and world class dining options that ever popular Mermaid Beach is renowned for.

Enjoy close proximity to award winning local restaurants Little Truffle, Etsu, Bonita Bonita and with local favourites Glenelg Public House, Bam Bam Bakehouse and Cafe on Hedges, you will never go hungry. Close to Pacific Fair Shopping Centre, an array of shops, cafes and thriving nightlife, the Light Rail station and transport routes, Star Casino and the Gold Coast Convention Centre - this location is second to none with everything right at your doorstep!

Features:
- Prime positioned beach pad, one floor off the ground
- 2 spacious bedrooms each with built in wardrobes
- Spacious air conditioned living space
- Fantastic investment or lifestyle opportunity
- Highly sought after beachside position adjoining multi million dollar homes on Hedges Avenue
- Small block of only 5 units on a 496m2 land area with future redevelopment potential
- Single undercover car space
- Low body corporate fees
- Quiet location with no flow through traffic
- Metres to the surf and sand of Mermaid Beach
- Easy walk to cafes, restaurants and bars
- Close to Pacific Fair Shopping and public transport routes

- Body Corporate: Approx. $60 per week
- Council rates: Approx. $3,229 per annum
- Water Rates: Approx. $1,400 per annum
- Rental Appraisal: Approx. $620 per week

Contact Luke Henderson or Larissa Martos for further information or to arrange your inspection!

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 3/198b Hedges Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$690,500
22 Dec 2023
Listed for Rent
$500/w
21 Mar 2022
  • 22 Dec 2023
    Sold for $690,500
  • 25 Oct 2023
    Listed for Sale Offers Over $670,000
  • 21 Feb 2022
    Listed for Rent $500 / 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.