SOLD
Sold on 16 Jan 2024 for $630,000

5/14 Brooke Avenue
Palm Beach QLD 4221

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 63m2
Land area: 363m2
Sold By
PRD Palm Beach
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Property Details for 5/14 Brooke Ave, Palm Beach

5/14 Brooke Ave, Palm Beach is a 2 bedroom, 1 bathroom Unit and was built in 1983. The property has a land size of 363m2 and floor size of 63m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Palm Beach in the last 12 months.

Building Type
Unit
Year Built
1983
Floor Size
63m2
Land Size
363m2
Local Government
Gold Coast City
Lot/Plan
5/BUP5671

Last Listing description (February 2024)

This immaculately presented unit is located on the top floor of a small boutique building in an excellent location, within walking distance to the beach and all facilities.

The unit has recently been refurbished with a new kitchen, modern tiled flooring, and fresh paint.

The property features:

- Open plan living with private covered balcony;
- Pleasant park views;
- Two generous bedrooms;
- Elevated to capture the sea breezes.
- Secure lockup parking;
- Low body corp, $3,505.50 per annum;
- Rental appraisal $600 to $650 per week.

There is a great opportunity here for an owner occupier or an investor to purchase a quality, low maintenance unit in a prime location so close to the beach offering great potential for future capital appreciation.

Property History for 5/14 Brooke Ave, Palm Beach, QLD 4221

A timeline of how this property has performed in the market
Last Sold
$630,000
16 Jan 2024
Listed for Rent
$370/w
15 Sep 2018
  • 24 Jan 2024
    Listed for Rent $650 / week
  • 16 Jan 2024
    Sold for $630,000
  • 30 Nov 2023
    Listed for Sale CONTACT AGENT!
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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.