302/2007 Gold Coast HighwayMiami QLD 4220
Property Details for 302/2007 Gold Coast Hwy, Miami
302/2007 Gold Coast Hwy, Miami is a 1 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 1 bedroom Unit sold in Miami in the last 12 months.
Last Listing description (March 2024)
This property is exceptional for a savvy buyer, securing one of the highest yields in Miami.
Located in the heart of Miami, this freehold studio apartment with a basement car park offers a fantastic opportunity for an entry-level investor or first-home buyer due to its prime location.
Just a few steps away from:
• North Burleigh Beach, one of the finest beaches on the Gold Coast!
• Surf Club, Coles, Aldi, Pharmacy, Miami Medical Centre, Bottle Shop, Gyms, Bakery, and the list goes on!
• Variety of cafes and dining options
• Beach walks and bike rides along the promenade to Burleigh National Park, James Street lifestyle precinct, boutique breweries, restaurants and bars
Property Features -
• 1 Common Living, Bed and Dining area, 1 Bathroom and 1 Car Park
• 34sqm internal plus 6sqm balcony
• Immaculate studio apartment bathed in natural light
• Resort Style living
• BBQ area and adjoining highly-rated Gold Coast restaurant and beer garden
• Secure basement car park
• Coin-operated laundry
Investment Potential -
• Currently rented at $450 per week, on a periodic term until November (move in or continue to rent out, a good tenant has been living there for years now)
• 6.5%-7% Gross Long Term Rental Yield (Higher Rental Yield compared to properties around)
• Low-maintenance
• High Capital Growth Rate, circa 7% p.a. since 2006
• Tramline will add capital growth once construction is completed
• Higher returns with short term rental (Up to 9% Gross), based on current similar properties
• Occupancy Rate 80-90%
• Rate per Night $150-$200
Interior Highlights -
• Open-plan design for a spacious feel
• Modern finishes and neutral colour scheme
• Well-equipped kitchenette with microwave and fridge
• Air conditioning in the living area
• All furniture included, inventory list provided to enquiring parties
• Stylish and modern bathroom
• Private balcony for enjoying morning coffee or sunshine
General Information -
• First-home buyers can appreciate the affordability, convenience and low maintenance
• Power usage included in body corporate fees
• Onsite management team
• Building secured by FOB access security system
• Body corporate fees (including power) are circa $1690 per quarter
• Council rates are circa $500 per quarter
• Water (subject to use) is circa $300 per quarter
Inspections are via appointment. Please reach out if you're interested in having a private inspection.
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. *denotes approximate measurements.
Property History for 302/2007 Gold Coast Hwy, Miami, QLD 4220
- 31 May 2024Listed for Rent $420 / week
- 01 Mar 2024Sold for $330,000
- 01 May 2020Sold for $160,000
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0About Miami 4220
The size of Miami is approximately 3 square kilometres. It has 13 parks covering nearly 33.4% of total area. The population of Miami in 2011 was 6,364 people. By 2016 the population was 6,817 showing a population growth of 7.1% in the area during that time. The predominant age group in Miami is 30-39 years. Households in Miami are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Miami work in a professional occupation. In 2011, 53.8% of the homes in Miami were owner-occupied compared with 55.5% in 2016.
Miami has 4,908 properties. Over the last 5 years, Houses in Miami have seen a 116.21% increase in median value, while Units have seen a 114.90% increase. As at 31 December 2024:
- The median value for Houses in Miami is $1,680,742 while the median value for Units is $1,008,261.
- Houses have a median rent of $900 while Units have a median rent of $750.
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