SOLD
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Sold on 31 Oct 2023 for $841,000

7/168 Hedges Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 91m2
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Property Details for 7/168 Hedges Ave, Mermaid Beach

7/168 Hedges Ave, Mermaid Beach is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 91m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 2 bedroom Apartment sold in Mermaid Beach in the last 12 months.

Building Type
Apartment
Land Size
91m2
Local Government
Gold Coast City
Lot/Plan
7/BUP696

Last Listing description (October 2023)

Flawlessly and thoughtfully renovated, secure your entry into one of the Gold Coast's most prestigious streets with this Hedges Avenue apartment.

Combining the perfect balance of functionality and style, this coastal retreat offers two bedrooms with built in robes, one bathroom, a car parking space and plenty of storage. Open plan living dining zone leads out to a large, spacious balcony with ocean views.

Part of the Camden House complex - a three-level walk-up - this ground floor property is the ideal investment opportunity or downsizer that delivers an unbeatable lifestyle. Positioned across from patrolled swimming beaches, adjacent to the Mermaid Beach Surf Club and a 50m stroll from Rafiki, grab a green smoothie or coffee here after your early morning beach walk. Cafe on Hedges, Bam Bam cafe, along with a multitude of other cafe's and eateries within walking distance too, with the delights of Pacific Fair under 1.5km from home. Easily accessible public transport is also at your fingertips, including light rail.

Whether searching for a permanent coastal abode or an investment opportunity in a highly sought-after locale, this apartment fulfills all your requirements. Embrace the relaxed lifestyle of the Gold Coast and seize the opportunity to view this property today.

Property Specifications:
• A peaceful sanctuary, watch the waves from the spacious terrace and relax in the afternoon sea breeze
• Across the road from Mermaid Beach, one of the Gold Coasts best patrolled swimming locations
• Freshly renovated, including new kitchen and bathroom, with a calm, neutral colour scheme throughout
• Feature wood slats seamlessly integrating an abundance of storage
• Air conditioning
• Fully tiled for an easy, low maintenance lifestyle - no need to worry about sand from the beach.
• All new electricals and smoke alarms.
• Offering privacy, with no looking in to adjacent unit blocks
• Next door to Mermaid Beach Surf Club.
• Cafe Hedges downstairs, Rafiki's next door, Bam Bam Cafe a short walk.
• Close to Broadbeach shops, Pacific Fair, Woolworths Express on Markeri Street
• Easily accessible public transport options including light rail
• Located on the ground floor

Council Rates: Approx. $1,391.65 half yearly
Water Rates: Approx. $353.12 per quarter
Rental Appraisal: $775-$800 per week

Body Corporate: Approx. $81.73 p/week
Sinking Fund Balance: $59,545.77 AS AT 18 SEPTEMBER 2023

Disclaimer: The above information is accurate to the best of our knowledge; however, we advise that all interested parties make their own enquiries as we will not be held responsible for any variation that may apply to this information. 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

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Property History for 7/168 Hedges Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$841,000
31 Oct 2023
Listed for Rent
$780/w
05 Jun 2024
  • 16 May 2024
    Listed for Rent $780 / week
  • 24 Oct 2023
    Sold for $841,000
  • 21 Sep 2023
    Listed for Sale $850,000
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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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