OFF MARKET

2 Heron Avenue
Mermaid Beach QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 94m2
Land area: 2112m2
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Last updated 11 Nov 2024
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Property Details for Lot 20/2 Heron Ave, Mermaid Beach

Lot 20/2 Heron Ave, Mermaid Beach is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 2023. The property has a land size of 2112m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
House
Year Built
2023
Floor Size
94m2
Land Size
2112m2
Local Government
Gold Coast City
Lot/Plan
20/SP272502

Last Listing description (August 2012)

Beachfront living just got a whole lot cheaper.
Incredibly rare beachfront opportunity with a great rental return in the Gold Coast's most sort after precinct. Will sell way below land value.

Unit features:

- Rare ground floor, 3 bedroom unit with absolute beachfrontage and uninterrupted views
- Best position in complex with great value and potential
- Living, dining, kitchen, 1 bathrooms (with shower and bath), 2 toilets
- 1 exclusive-use carpark
- Estimated gross income from holiday letting or permanent rental $25,000-$30,000 p/a
- Current owners of 28 years
- Fully furnished

Complex features:
- Well maintained, older style (built 1971) 3 level apartment block
- Rendered brick and tile roof construction
- Elevated above beach with 40m absolute Mermaid Beach frontage
- Substantial central in ground pool
- Undercover on site parking
- Huge 2,112m2 cul-de-sac block in the highly prestigious Hedges Avenue/Albatross Avenue strip
- Massive future site redevelopment upside

What a unique chance to own and enjoy a piece of the Gold Coast, the way it used to be, and secure the massive upside potential of this exceptional investment.

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Property History for Lot 20/2 Heron Ave, Mermaid Beach, QLD 4218

A timeline of how this property has performed in the market
Last Sold
$25,000,000
17 Feb 2021
  • 17 Feb 2021
    Sold for $25,000,000
  • 05 Jul 2012
    Listed for Sale By Neg.
  • 05 Oct 2011
    Listed for Sale $499,000

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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 5,597 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:

  • The median value for Houses in Mermaid Beach is $2,605,736 while the median value for Units is $973,758.
  • Houses have a median rent of $800 while Units have a median rent of $775.
There are currently 40 properties listed for sale, and 30 properties listed for rent in Mermaid beach on OnTheHouse. According to CoreLogic's data, 270 properties were sold in the past 12 months in Mermaid beach.

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