89 Petrel AvenueMermaid Beach QLD 4218
Property Details for 89 Petrel Ave, Mermaid Beach
89 Petrel Ave, Mermaid Beach is a 7 bedroom, 4 bathroom Unit with 3 parking spaces. The property has a land size of 405m2.
Last Listing description (September 2024)
Discover an exceptional investment opportunity at 89 Petrel Ave, Mermaid Beach. This well-maintained block is comprised of three units, perfectly positioned in one of Mermaid Beach's most sought-after locations.
Key investment advantages include the potential for future re-development, leveraging the property's 405sqm land parcel with a 12.4m frontage and 31.8m depth. This offers a rare opportunity to capitalise on prime coastal real estate.
Ideal for discerning investors seeking immediate rental income and promising capital
The residence boasts a tranquil coastal ambiance and a lively community atmosphere. Residents benefit from seamless access to local amenities such as cafes, restaurants, and boutique shops, ensuring a lifestyle of convenience and relaxation.
Property Features Include:
- Three modern units: two ground-floor units with two bedrooms and one bathroom
each, and a first-floor unit featuring three bedrooms and two bathrooms
- Renovated in 2015, enhancing their appeal with contemporary aesthetics and
functional design
- Collectively generating a total rental income of $2,230 per week, currently under-
rented (Unit 1 - $650pw, Unit 2 - $680 , Unit 3 - $1000pw currently advertised)
- 3 Individually titled units
- Be your own body corporate (building insurance payable annually)
- Tenants pay for all water usage
- New air conditioning in all units
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
Property History for 89 Petrel Ave, Mermaid Beach, QLD 4218
- 20 Jun 2024Listed for Sale Contact Agent
- 17 May 2023Listed for Rent $600 / week
- 09 Apr 2019Listed for Rent $300 / week
Commute Calculator
Recent sales nearby
See more recent sales nearby
0
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About 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 5,629 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.
Suburb Insights for Mermaid Beach 4218
Market Insights
Mermaid Beach Trends for Houses
N/A
N/A
View TrendN/A
N/A
Mermaid Beach Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
