SOLD
Sold on 28 Feb 2024 for $2,120,000

55 Boodera Road
Palm Beach QLD 4221

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Floor area: 56m2
Land area: 663m2
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Property Details for 55 Boodera Rd, Palm Beach

55 Boodera Rd, Palm Beach is a 2 bedroom, 1 bathroom Unit with 4 parking spaces and was built in 1980. The property has a land size of 663m2 and floor size of 56m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Palm Beach in the last 12 months.

Building Type
Unit
Year Built
1980
Floor Size
56m2
Land Size
663m2
Local Government
Gold Coast City
Lot/Plan
249/RP96264

Last Listing description (May 2024)

Located in a very sought after position, this property offers a fantastic investment opportunity or a development opportunity or maybe just land bank it.

Comprising of 4 units in original condition, 2 x 2 bedroom units and 2 x 1 bedroom units, currently rented at a total of $1,710 per week.

- 663m Block

- Zoned Medium density
- North facing yard
- Original 2 story units over 2 levels
- Council Rates are Approx $3,801.00 per 6 months
- Water is approx. $750 per quarter

These units are located in a bluechip position on a 663m block and zoned medium density.

The property is approximately 140 metres to Murlong Crescent which offers a sandy beach and a netted area for the kids to swim and play, boat ramp, BBQ area and parks.
The beach is approximately 800 metres, which has a dog off leash section, Tallebudgera Creek, Custard Caf and Tallebudgera Surf club.

Whether you are looking to knock down the existing building and redevelop with duplexes or triplex (subject to Council Approval) or you just want to land bank or just build your dream home, this property offers a multitude of opportunities.

The price guide for this property is $2,050,000.00 to $2,295,000.00.

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*Disclaimer
The above information has been furnished to us by the vendor of each property. We have not verified whether or not that information is accurate and have no belief one way or another in its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own enquires in order to determine whether or not this information is in fact accurate.

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Property History for 55 Boodera Rd, Palm Beach, QLD 4221

A timeline of how this property has performed in the market
Last Sold
$2,120,000
28 Feb 2024
Listed for Rent
$225/w
27 Nov 2009
  • 29 Feb 2024
    Listed for Sale $2,120,000
  • 28 Feb 2024
    Sold for $2,120,000
  • 03 Nov 2009
    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 10,399 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.

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