SOLD
Sold on 01 Feb 2024 for $650,000

7/16 Mawarra Street
Palm Beach QLD 4221

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 67m2
Land area: 441m2
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Property Details for 7/16 Mawarra St, Palm Beach

7/16 Mawarra St, Palm Beach is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1980. The property has a land size of 441m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom House sold in Palm Beach in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
67m2
Land Size
441m2
Local Government
Gold Coast City
Lot/Plan
7/BUP3720

Last Listing description (February 2023)

This well presented 2 bedroom unit is positioned on the top floor of a small quiet complex in Palm Beach. Situated only 200 meters to the beach and is within walking distance to the local shops, cafes, restaurants, surf club. The property is also within easy access to the M1 and Gold Coast Airport.

The Property Features:


Two bedrooms both with built-ins;
Open plan living with air conditioning and ceiling fan;
Small balcony off living area;
Internal laundry in main bathroom;
Security screens throughout;
Single off street carport parking.

This property will not last long so please contact us to express your interest.

Property History for 7/16 Mawarra St, Palm Beach, QLD 4221

A timeline of how this property has performed in the market
Last Sold
$650,000
01 Feb 2024
Listed for Rent
$575/w
08 Feb 2023
  • 01 Feb 2024
    Sold for $650,000
  • 31 Jan 2023
    Listed for Rent $575 / week
  • 09 Sep 2020
    Sold for $370,000
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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.
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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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.