SOLD
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Sold on 27 Nov 2024 for $655,000

5/38 Petrel Avenue
Mermaid Beach QLD 4218

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 50m2
Land area: 82m2
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Property Details for 5/38 Petrel Ave, Mermaid Beach

5/38 Petrel Ave, Mermaid Beach is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a land size of 82m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 1 bedroom Unit sold in Mermaid Beach in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
50m2
Land Size
82m2
Local Government
Gold Coast City
Lot/Plan
5/SP136168

Last Listing description (December 2024)

5/38-46 Petrel Avenue, Mermaid Beach

Feel the sand between your toes. This ground floor beauty is 150 meters from Mermaids Golden sands & Surf. Located on the bottom floor of BEACHES ON WAVE STREET. It offers a superb life style and immediate possession. It is ideal for the owner occupier to live the Nobby Beach enclave dream. Enjoy the ocean breezes and easy lifestyle of living in the iconic Nobby Beach enclave, steps from cafes, restaurants and amenities.

- Enjoy the laid back Nobbys Beach easy lifestyle in "Beaches on Wave". Built with a Venice/Tuscany

- Ground floor living with front & rear balcony's
- Private in ground pool & BBQ area with full bathroom facilities
- Assigned full secure carpark
- A short stroll to Nobbys chic cafes, shops and transport and Surf club
- The unit is currently empty and ready to move into (the furnished photos are electronically styled)

If you are looking to live the beachside dream without breaking the budget or a great investment for the future. This one is a must view.

Stop looking and start living the dream. This block is the latest constructed block of apartments in Nobby Beach and sets the benchmark for great value.

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.

Property History for 5/38 Petrel Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$655,000
27 Nov 2024
Listed for Rent
$350/w
13 Aug 2016
  • 20 Nov 2024
    Sold for $655,000
  • 19 Nov 2024
    Listed for Sale Offers Over $650,000
  • 28 Jan 2020
    Listed for Rent $390 / 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 5,631 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 28.19% increase in median value, while Units have seen a 106.31% increase. As at 30 November 2024:

  • The median value for Houses in Mermaid Beach is $1,796,952 while the median value for Units is $967,390.
  • Houses have a median rent of $850 while Units have a median rent of $770.
There are currently 42 properties listed for sale, and 17 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 274 properties were sold in the past 12 months in Mermaid beach.

Suburb Insights for Mermaid Beach 4218

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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.