SOLD
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Sold on 01 Nov 2024 for $735,000

15/987 Gold Coast Highway
Palm Beach QLD 4221

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 104m2
Land area: 2025m2
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Property Details for 15/987 Gold Coast Hwy, Palm Beach

15/987 Gold Coast Hwy, Palm Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 2025m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in Palm Beach in the last 12 months.

Building Type
Unit
Floor Size
104m2
Land Size
2025m2
Local Government
Gold Coast City
Lot/Plan
15/BUP3108

Last Listing description (November 2024)

Welcome to 15/987 Gold Coast Highway, Palm Beach , 'Malian Pacific'– a charming coastal apartment that epitomizes the relaxed beachside lifestyle you've been dreaming of. Huge landbank and investor potential as is positioned on a 2025sqm site beachside of the Gold Coast Highway. Perfectly situated just a stone's throw from the golden sands of Palm Beach, this delightful 2-bedroom, 1-bathroom apartment with tandem garage, offers a unique blend of comfort, convenience, and coastal allure.

The elevated position of the apartment allows you to bask in the refreshing sea breezes and enjoy tranquil glimpses of the Pacific Ocean from your balcony.

The interior of the apartment is in its original condition, presenting a fantastic canvas for renovation and personalisation. This provides an excellent opportunity for savvy buyers to add their own touch and increase the property's value. The living and dining areas create a spacious and airy atmosphere, ideal for both relaxing at home and entertaining guests. The two well-sized bedrooms offer ample space with each room bathed in natural light, contributing to the welcoming ambiance of the home.

Instant income as is currently tenanted.

This apartment presents significant potential for capitalisation and value enhancement. Its prime location and strong rental appeal offer promising prospects for capital growth and steady rental income. Its proximity to Palm Beach's vibrant amenities – including cafes, restaurants, shopping, and public transport – further enhances its attractiveness to prospective tenants and future buyers.

Embrace the coastal lifestyle you've always wanted with this exceptional property. Whether you are a first-time buyer eager to establish yourself in a sought-after area or an investor looking for a promising addition to your portfolio, 15/987 Gold Coast Highway presents a rare opportunity.

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.

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Property History for 15/987 Gold Coast Hwy, Palm Beach, QLD 4221

A timeline of how this property has performed in the market
Last Sold
$735,000
01 Nov 2024
Listed for Rent
$230/w
09 Dec 2014
  • 18 Oct 2024
    Sold for $735,000
  • 10 Sep 2024
    Listed for Sale Offers over $749,000
  • 15 Nov 2014
    Listed for Rent - Price not available
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About Palm Beach 4221

The size of Palm Beach is approximately 6.3 square kilometres. It has 12 parks covering nearly 16% of total area. The population of Palm Beach in 2011 was 13,956 people. By 2016 the population was 14,689 showing a population growth of 5.3% in the area during that time. The predominant age group in Palm Beach is 30-39 years. Households in Palm Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Beach work in a professional occupation. In 2011, 54.5% of the homes in Palm Beach were owner-occupied compared with 55.2% in 2016.

Palm Beach has 10,404 properties. Over the last 5 years, Houses in Palm Beach have seen a 105.32% increase in median value, while Units have seen a 105.82% increase. As at 31 October 2024:

  • The median value for Houses in Palm Beach is $1,927,621 while the median value for Units is $988,399.
  • Houses have a median rent of $950 while Units have a median rent of $750.
There are currently 79 properties listed for sale, and 33 properties listed for rent in Palm beach on OnTheHouse. According to CoreLogic's data, 498 properties were sold in the past 12 months in Palm beach.

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