SOLD
RECENT ADVICE
Sold on 21 Oct 2024 for $1,040,000

5/12 Montana Road
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 5/12 Montana Rd, Mermaid Beach

5/12 Montana Rd, Mermaid Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Unit sold in Mermaid Beach in the last 12 months.

Building Type
Unit
Local Government
Gold Coast City
Lot/Plan
5/BUP1761

Last Listing description (October 2024)

Rare and unique opportunity, being only 1 of 8 units in boutique block on 1,214m2 land area which is equal to 3 standard blocks.

Ocean views are seen from this elevated top floor 2 bedroom unit with a north easterly aspect.

Prime future re-development site with such a low unit to land content ratio for Mermaid Beach, a perfect future investment hold. Plus the site is currently underdeveloped as is, with city plan allowing for - RD 5 = 1 bedroom per 50m2 of site area - what an opportunity!

Simply metres from Hedges Avenue, cafés, patrolled beach, parklands and surf club. With the new light rail station under construction there will actually be a stop near the highway end of the street for convenience. Arguably the most sought after site in the Mermaid Beach side streets.

• 1,214m2 land size
• 30 metres frontage
• Neat and tidy 2 bedroom, 1 bathroom
• North/East Facing unit
• Ocean Views and sea breezes from balcony
• Located in the heart of Mermaid Beach, walking distance to the new light rail station, Popular Rafiki Cafe and Mermaid Surf Club
• Short stroll to popular year round Patrolled Beaches, enjoy ocean swims or walks along the pristine sandy beach.
• Single Carport
• Sunny Elevated position

Seller is committed to sell. Don't miss out on securing this opportunity today, as don't know where you will find another property like this!

• Auction: On-site Sunday 20th October at 12:30pm
• Council Rates: $2,884.97* per half year
• Water Rates: $357.24* per quarter
• Body Corp: $25.38* per week
• Currently leased at $560 per week Lease Term until 13/12/2024

Agents: Andrew Henderson and Brooke Henley-Smith

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. 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.

Property History for 5/12 Montana Rd, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$1,040,000
21 Oct 2024
Listed for Rent
$480/w
25 Nov 2021
  • 21 Oct 2024
    Sold for $1,040,000
  • 26 Sep 2024
    Listed for Sale Auction
  • 15 Nov 2021
    Listed for Rent $480 / 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 5,608 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 87.83% increase in median value, while Units have seen a 102.01% increase. As at 30 September 2024:

  • The median value for Houses in Mermaid Beach is $2,236,702 while the median value for Units is $973,473.
  • Houses have a median rent of $800 while Units have a median rent of $750.
There are currently 39 properties listed for sale, and 27 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 258 properties were sold in the past 12 months in Mermaid beach.

Suburb Insights for Mermaid Beach 4218

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Contact agent
Brooke Henley-Smith
Show contact details
Andrew Henderson
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COASTAL °
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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.