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Sold on 03 Apr 2024 for $550,000

2/114-116 Marine Parade
Southport QLD 4215

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 2/114-116 Marine Pde, Southport

2/114-116 Marine Pde, Southport is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Apartment sold in Southport in the last 12 months.

Building Type
Apartment
Local Government
Gold Coast City
Lot/Plan
2/BUP5638

Last Listing description (April 2024)

Ideally situated opposite the stunning Broadwater Parklands, this two-bedroom, two-bathroom unit in Palmerston Tower is a rare find. With only 49 apartments and two street access, it offers a fantastic investment opportunity, a delightful holiday retreat, or a low-maintenance home.

Located on the ground floor, this unit boasts a wraparound courtyard spanning from east to west, offering a private entrance. The kitchen serves as the centerpiece of the open-plan living and dining area. Both bedrooms are generously sized, with the master bedroom featuring an ensuite and built-in robe. Onsite resort amenities include a heated swimming pool, spa, half tennis court/basketball court, and BBQ area.

Features include:

- Conveniently accessible from Marine Parade and Norman Street
- Ideal investment opportunity or renovation/flip project
- Ground floor unit with a spacious wraparound courtyard (east to west orientation) and private entrance
- Spacious open plan kitchen, living, and dining area
- Tiled open-plan living area equipped with an air conditioner
- Master bedroom features ensuite and built-in robe
- Second bedroom includes a built-in robe and access to a separate bathroom
- Each floor comprises three apartments, managed on-site with secure entry
- On-site amenities: heated swimming pool, spa, half tennis/basketball court, BBQ area
- Short walk to protected swimming zones, Southport CBD, Aquatic Centre, Australia Fair, and Light Rail
- Secure parking available for one car

The location boasts an array of fantastic recreational attractions right at your fingertips. From the Gold Coast Aquatic Centre to Broadwater Parklands and extensive walking and cycling paths spanning 16 km, it's a paradise of leisure. Conveniently situated within a short stroll to local buses and the Light Rail, the Australia Fair Shopping Centre and Southport's dining precinct are a mere 500m away. Whether you seek a cozy and low-maintenance home or a lucrative investment opportunity with remarkable rental returns and vacation rental potential, this property might be your perfect match.

Disclaimer: Whilst every effort has been made to ensure the accuracy of these, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these as representations of fact but must instead satisfy themselves by inspection or otherwise.

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Property History for 2/114-116 Marine Pde, Southport, QLD 4215

A timeline of how this property has performed in the market
Last Sold
$550,000
03 Apr 2024
  • 03 Apr 2024
    Sold for $550,000
  • 22 Mar 2024
    Listed for Sale $550,000
  • 01 May 2002
    Sold for $155,000
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About Southport 4215

The size of Southport is approximately 14.6 square kilometres. It has 37 parks covering nearly 18.2% of total area. The population of Southport in 2011 was 28,314 people. By 2016 the population was 31,879 showing a population growth of 12.6% in the area during that time. The predominant age group in Southport is 20-29 years. Households in Southport are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Southport work in a professional occupation. In 2011, 41.2% of the homes in Southport were owner-occupied compared with 37.9% in 2016.

Southport has 19,529 properties. Over the last 5 years, Houses in Southport have seen a 71.54% increase in median value, while Units have seen a 97.15% increase. As at 31 October 2024:

  • The median value for Houses in Southport is $1,056,663 while the median value for Units is $718,523.
  • Houses have a median rent of $745 while Units have a median rent of $650.
There are currently 247 properties listed for sale, and 134 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1030 properties were sold in the past 12 months in Southport.

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