OFF MARKET

20 First Avenue
Palm Beach QLD 4221

Bedrooms: 6
Bathrooms: 3
Car spaces: 2
Floor area: 119m2
Land area: 620m2
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Last updated 11 Nov 2024
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Property Details for 20 First Ave, Palm Beach

20 First Ave, Palm Beach is a 6 bedroom, 3 bathroom Unit with 2 parking spaces. The property has a land size of 620m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Floor Size
119m2
Land Size
620m2
Local Government
Gold Coast City
Lot/Plan
13/RP82868

Last Listing description (July 2023)

Huge opportunity for the right buyer to finish this partially built property and reap the rewards.

The existing builder has collapsed leaving the owner seeking a sale or Joint Venture to finish the building.

Plans and approvals are in place to potentially split into three seperate 2-bedroom dwellings plus a carer's quarters - to be split into three strata titled properties or a community title. The build has been purpose built to meet the requirements for NDIS (SDA) funded accomodation which has potential return of $130,000 per dwelling per annum (subject to relevant approvals).

Highlights:
- Prime 620sqm Palm Beach block - zoned medium density residential
- Purpose built (partially) for NDIS/SDA funded accomodation (subject to relevant approvals)
- Approx 350m flat walk to beach
- Approx 350m flat walk to Pavilions on Fifth Shopping Centre
- Close to cafe's restaurants and amenities
- Easy access to M1, John Flynn Hospital, Southern Cross University

Contact us now for more information.

Disclaimer:
All information (including but not limited to the property area, floor size, price, address and general property description) is provided as a convenience to you, and has been provided to LJ Hooker by third parties. LJ Hooker is unable to definitively confirm whether the information listed is correct or 100% accurate. LJ Hooker does not accept any liability (direct or indirect) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits or savings, arising out of or in any way connected with the use of any information, or any error, omission or defect in the information, contained on the Website. Information contained on the Website should not be relied upon and you should make your own enquiries and seek legal advice in respect of any property on the Website. Prices displayed on the Website are current at the time of issue, but may change.

Property History for 20 First Ave, Palm Beach, QLD 4221

A timeline of how this property has performed in the market
Last Sold
$1,800,000
24 May 2023
Listed for Rent
$545/w
17 Jul 2018
  • 05 Jul 2023
    Listed for Sale Not Disclosed
  • 24 May 2023
    Sold for $1,800,000
  • 12 May 2023
    Listed for Sale Under Contract
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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 10,400 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 72 properties listed for sale, and 37 properties listed for rent in Palm beach on OnTheHouse. According to CoreLogic's data, 493 properties were sold in the past 12 months in Palm beach.

Suburb Insights for Palm Beach 4221

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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.