20 Molucca AvenuePalm Beach QLD 4221
Property Details for 20 Molucca Ave, Palm Beach
20 Molucca Ave, Palm Beach is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1957. The property has a land size of 506m2 and floor size of 200m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (March 2024)
Builders, Developers, or Savvy Investors here is your opportunity to capitalise on a rare opportunity in booming Palm Beach. On offer are two freestanding houses on the one title, positioned on a functional 506m2 parcel of land. Prime location, walking distance to the pristine beaches of Palm Beach, Tallebudgera Creek, Currumbin Alley, Laguna Park, and several local trendy caf?s & Restaurants.
Multiple options await the right buyer, you may choose to keep both homes, live in one home, and rent one out, lease both homes, or demolish and build your dream home. This prime southern end of the Gold Coast site offers a broad range of opportunities, suitable for dual living, redevelopment, or duplex dwellings, providing the potential for an excellent investment opportunity, favourable rental returns, while exploring the options to add value or further develop. An amazing location with proximity to all amenities, endless opportunities, amazing capital growth prospects. The choice is yours, make your move today.
* Land area 506m2*
* Functional parcel of land
* 300m* metres to the beach
* Highly sought after beach side suburb
* Fantastic East facing aspect to ocean/beach
* Retain the current dwellings, redevelop, or build your dream home
* The site offers residents proximity to multiple dining, shopping, fitness & entertainment precincts in one of the Gold Coasts trendiest beachside suburbs.
* Block dimensions Block Size ( 506m2 - 12.1 metres frontage / 12.1 metres rear / 40.7 metres in length )
* Current residences both leased - combined rental return of $1,335.00 per week ($70,460 per year) scope for potential rental increase on new lease agreements.
* Council Rates - $2,120 half yearly
Residence one - located at the front of the block - freestanding home.
Two generous size bedrooms with built-in robes
Updated spacious kitchen.
Timber floors throughout, open plan living areas.
Separate laundry, toilet, and bathroom
Updated bathroom
undercover outdoor entertaining area
Separate, private and a fenced yard with garden shed.
Single carport
Separate water and electricity meters
Residence two - located at the rear of the property - freestanding home.
Two storey home
Two generous size bedrooms with built-in robes
Open plan living
Kitchen and bathroom in good clean condition
Single garage with internal access
Private yard
Separate water and electricity meters
In an excellent location, short walk to Palm Beach, Currumbin Estuary, local restaurants, cafe precincts. In the catchment zone for Palm Beach Currumbin High School. Local Farmers Markets every Saturday. 10-minute Drive to Gold Coast Coolangatta International Airport. Leisurely walk to the new Palm Beach Shopping Centre, Pines Shopping Centre, Currumbin RSL, Sports Club and Palm Beach Surf Club.
For a detailed Information Memorandum please contact the exclusive listing agents Gavin Trewin and Sam Elliott or for more details by clicking on the link above.
Disclaimer:
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
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 20 Molucca Ave, Palm Beach, QLD 4221
- 27 Jun 2023Sold for $1,620,000
- 20 Jun 2023Listed for Sale Contact Agent
- 19 Apr 2017Sold for $950,000
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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.
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