20 Drake AvenueParadise Point QLD 4216
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 November 2017.
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.
- 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
- 13 Nov 2017Sold for $830,000
- 09 Oct 2017Listed for Sale $829,000
- 18 Mar 2008Listed for Rent - Price not available
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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 4,389 properties. Over the last 5 years, Houses in Paradise Point have seen a 110.08% increase in median value, while Units have seen a 104.03% increase. As at 31 July 2024:
- The median value for Houses in Paradise Point is $2,220,777 while the median value for Units is $1,298,732.
- Houses have a median rent of $920 while Units have a median rent of $650.
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