OFF MARKET

6/18 Peerless Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 75m2
Land area: 46m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 2 Sep 2024
Low

High
Save

Property Details for 6/18 Peerless Ave, Mermaid Beach

6/18 Peerless Ave, Mermaid Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1967. The property has a land size of 46m2 and floor size of 75m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Year Built
1967
Floor Size
75m2
Land Size
46m2
Local Government
Gold Coast City
Lot/Plan
6/BUP163

Last Listing description (November 2021)

This renovated, two-bedroom apartment embraces beachside living at its finest.

Situated beachside of the Gold Coast Highway in one of Mermaid's most prestigious streets, you're only a few short steps away to lazy days on the sand or radical manoeuvres on your surfboard as you paddle into the deep blue Pacific Ocean.

Walk or ride your bike along Hedges Avenue to the north and end up in Broadbeach or head South to go to Miami and Burleigh.

Indulge in the plethora of coffee shops and restaurants close by where good food and good vibes flow all year round.

Property Features:

Apartment set over two levels
Two generous sized bedrooms with built ins, one bathroom
Main bedroom with East facing balcony
Modern kitchen with open plan living and dining area
Ceiling fans throughout
Polished wooden floors
Low maintenance building
Low body corporate
Small block of only seven on a double beachside block of 810sqm

Property Specifics:

Body Corporate: $72.73* per week
Sinking Fund: $39,302.30 as at 31/08/2021
Council Rates: $1,484.58* half yearly
Water Rates: $374.23* per quarter
Rental Appraisal: $550-$600* per week
Currently tenanted at $450 per week until February 2022

*Approx

Disclaimer: 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. 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 6/18 Peerless Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$690,000
25 Oct 2021
Listed for Rent
$450/w
27 Feb 2020
  • 25 Oct 2021
    Sold for $690,000
  • 07 Sep 2021
    Listed for Sale Not Disclosed
  • 30 Jan 2020
    Listed for Rent $450 / week
Sign in to see more transactions

Commute Calculator

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.

Suburb Insights for Mermaid Beach 4218

Market Insights
Mermaid Beach Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Mermaid Beach Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend


Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.