SOLD
Sold on 27 Aug 2024 for $1,650,000

20 Drake Avenue
Paradise Point QLD 4216

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 81m2
Land area: 562m2
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Property Details for 20 Drake Ave, Paradise Point

20 Drake Ave, Paradise Point is a 0 bedroom, 0 bathroom Unit with 2 parking spaces and was built in 1985. The property has a land size of 562m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 0 bedroom Unit sold in Paradise Point in the last 12 months.

Building Type
Unit
Year Built
1985
Floor Size
81m2
Land Size
562m2
Local Government
Gold Coast City
Lot/Plan
3/RP120208

Last Listing description (January 2018)

Highly sought after but rarely found is this fantastic duplex pair located in the Paradise Point peninsula. Suitable for dual living, as a great investment with 2 rental incomes or live in one side and rent out the other to help pay down the mortgage.
The optimal side by side configuration offers maximum privacy and a large yard on each side while the front yard boasts plenty of room for a boat, trailer or caravan.
Paradise Point is a quiet village community located on the banks of the Broadwater at the northern end of the Gold Coast. The popular location features a wide variety of homes from luxurious apartments to multimillion dollar waterfront mansions which are all surrounded by picturesque waterways, a selection of shopping centres, award-winning cafes and restaurants, great schools and world class golf courses.

Land
- 562m2 Approximately
- Dimensions - approximately 17m x 33.5m
- Zoning - RD3 for duplexes
- Height limit - 9m
- Brick and tile construction
- Set on one title with only one council rates bill
- Potential to strata title
EACH UNIT FEATURES
- 2 bedroom
- 1 bathroom
- Separate lounge and dining areas
- Single lock up garage plus shade sail carport
- Boat, trailer or caravan parking
- Potential rental income of $390 - $410pw

Property History for 20 Drake Ave, Paradise Point, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$1,650,000
27 Aug 2024
Listed for Rent
$275/w
07 Apr 2008
  • 27 Aug 2024
    Sold for $1,650,000
  • 13 Nov 2017
    Sold for $830,000
  • 09 Oct 2017
    Listed for Sale $829,000
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About Paradise Point 4216

The size of Paradise Point is approximately 4.1 square kilometres. It has 9 parks covering nearly 10.8% of total area. The population of Paradise Point in 2011 was 5,929 people. By 2016 the population was 6,558 showing a population growth of 10.6% in the area during that time. The predominant age group in Paradise Point is 60-69 years. Households in Paradise Point are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Paradise Point work in a managers occupation. In 2011, 62.8% of the homes in Paradise Point were owner-occupied compared with 65.7% in 2016.

Paradise Point has 4,372 properties. Over the last 5 years, Houses in Paradise Point have seen a 85.88% increase in median value, while Units have seen a 87.31% increase. As at 31 October 2024:

  • The median value for Houses in Paradise Point is $1,957,201 while the median value for Units is $1,267,726.
  • Houses have a median rent of $900 while Units have a median rent of $660.
There are currently 84 properties listed for sale, and 6 properties listed for rent in Paradise point on OnTheHouse. According to CoreLogic's data, 218 properties were sold in the past 12 months in Paradise point.

Suburb Insights for Paradise Point 4216

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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.