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Sold on 02 Sep 2024 - Price Unavailable

5/54 Oceanic Drive
Mermaid Waters QLD 4218

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 5/54 Oceanic Dr, Mermaid Waters

5/54 Oceanic Dr, Mermaid Waters is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in Mermaid Waters in the last 12 months.

Building Type
Unit
Local Government
Gold Coast City
Lot/Plan
5/BUP3826

Last Listing description (September 2024)

If you've been waiting for the perfect entry level opportunity to enter the sought-after Mermaid Waters property market, look no further than this!

Set in a small and attractive two storey walk-up block of 6, this 2 bedroom, 1 bathroom unit features open plan living, great sized bedrooms, and a single lock up car space. The perfect property for first home buyers, savvy investors or downsizers alike.

You'll never want for anything in this highly sought after location. Ideally located with public transport routes at your doorstep and within footsteps to Miami State Primary School, Pizzey Park Pool and Sporting Complex, Burleigh Bears Leagues Club and Waterways Shopping Centre and just a few minutes' drive to Q Super Centre, Pacific Fair and patrolled beaches.

Features Include:
• Excellent opportunity to enter the property market
• Open plan living area
• Updated kitchen with stone benchtops
• Large bedrooms
• Modern bathroom with separate toilet
• Spacious and sunny north facing balcony
• Secure lock up car space for one vehicle
• Air-conditioning and ceiling fans
• Freshly painted, new carpet and new blinds
• Walking distance to Pizzey Park Precinct, Schools and Shops
• Small block of only six units

Council rates: Approx. $2,415 per annum
Water rates: Approx. $1,420 per annum
Body Corporate Rates: Approx. $71 per week
Rental income: $620 - $650 per week

Disclaimer: 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 5/54 Oceanic Dr, Mermaid Waters, QLD 4218

A timeline of how this property has performed in the market
Last Sold
02 Sep 2024
Listed for Rent
$410/w
23 Jun 2020
  • 19 Aug 2024
    Sold for $617,738
  • 08 Aug 2024
    Listed for Sale Offers Over $600,000
  • 23 Jun 2020
    Listed for Rent $410 / week
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About Mermaid Waters 4218

The size of Mermaid Waters is approximately 7.1 square kilometres. It has 23 parks covering nearly 7.3% of total area. The population of Mermaid Waters in 2011 was 11,789 people. By 2016 the population was 12,042 showing a population growth of 2.1% in the area during that time. The predominant age group in Mermaid Waters is 40-49 years. Households in Mermaid Waters are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mermaid Waters work in a professional occupation. In 2011, 64.9% of the homes in Mermaid Waters were owner-occupied compared with 66.1% in 2016.

Mermaid Waters has 6,177 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 103.10% increase in median value, while Units have seen a 102.32% increase. As at 31 October 2024:

  • The median value for Houses in Mermaid Waters is $1,874,168 while the median value for Units is $814,080.
  • Houses have a median rent of $1,150 while Units have a median rent of $730.
There are currently 46 properties listed for sale, and 12 properties listed for rent in Mermaid waters on OnTheHouse. According to CoreLogic's data, 340 properties were sold in the past 12 months in Mermaid waters.

Suburb Insights for Mermaid Waters 4218

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Larissa Martos
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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.