50/2320-2330 Gold Coast Hwy, Mermaid Beach is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1995. The property has a land size of 493m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in March 2019.
Located in the Diamond Sands Complex in the sought after suburb of Mermaid Beach, you can't go past this well maintained 3 bedroom, 2 bathroom apartment which overlooks the pool. This 3 bedroom apartment is amazing value compared to other apartments in the area.
The complex consists of 93 apartments in total and would be an excellent opportunity for an investor to purchase, with an approx. rental return of over $600 per week. Great for owner occupiers as well, with beautiful beaches and Nobby Beach restaurant and cafe precinct only a short stroll away.
Features:
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 5,600 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:
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