OFF MARKET

9 Victor Avenue
Paradise Point QLD 4216

Bedrooms: 6
Bathrooms: 3
Car spaces: -
Floor area: 58m2
Land area: 506m2
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Last updated 16 Dec 2024
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Property Details for 9 Victor Ave, Paradise Point

9 Victor Ave, Paradise Point is a 6 bedroom, 3 bathroom Unit and was built in 1970. The property has a land size of 506m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in January 2016.

Building Type
Unit
Year Built
1970
Floor Size
58m2
Land Size
506m2
Local Government
Gold Coast City
Lot/Plan
254/RP86070

Last Listing description (September 2024)

Explore the potential of this rare investment offering: three tasteful 2-bedroom units, each featuring undercover carports and patios. Located in one of Paradise Point's most coveted streets, this property is a prime opportunity for savvy investors seeking long-term returns and capital growth.
Enjoy the convenience of walking to renowned restaurants, cafes, and the picturesque Broadwater, enhancing the lifestyle appeal for tenants and future residents alike. Currently, all three units are leased with existing tenants, generating a combined rental income of $1,800 per week, providing a solid foundation for immediate returns.
Each unit commands a rental rate of $600 per week, per unit underscoring the potential for increased rental yields in the future. This low-cost investment opportunity is further bolstered by its single set of rates and absence of body corporate fees, ensuring minimal overheads for investors.

Act swiftly to secure this scarce asset and capitalize on its promising rental returns and desirable location. Contact us today to arrange a viewing and seize this opportunity to secure your future in Paradise Point.

Council rates roughly $2500 every 6 months.
Each unit rented out at $600 per week, per unit - November 2024

Call Peter on 0423 458 471- inspections by appointment only

Disclaimer: Whilst every effort has been made to ensure the accuracy of the information provided, we disclaim any liability for errors, omissions, inaccuracies, or misstatements that may occur. Visit and experience this property to fully appreciate its charm and convenience.

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Property History for 9 Victor Ave, Paradise Point, QLD 4216

A timeline of how this property has performed in the market
Last Sold
$815,000
21 Jan 2016
Listed for Rent
$220/w
10 Mar 2007
  • 06 Aug 2024
    Listed for Sale Contact Agent
  • 21 Jan 2016
    Sold for $815,000
  • 17 Dec 2015
    Listed for Sale $895,000
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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 4,381 properties. Over the last 5 years, Houses in Paradise Point have seen a 96.66% increase in median value, while Units have seen a 97.70% increase. As at 30 November 2024:

  • The median value for Houses in Paradise Point is $2,100,757 while the median value for Units is $1,358,076.
  • Houses have a median rent of $900 while Units have a median rent of $660.
There are currently 72 properties listed for sale, and 10 properties listed for rent in Paradise point on OnTheHouse. According to CoreLogic's data, 222 properties were sold in the past 12 months in Paradise point.

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