5/171 Scarborough StreetSouthport QLD 4215
Property Details for 5/171 Scarborough St, Southport
5/171 Scarborough St, Southport is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2013. The property has a land size of 91m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last sold in January 2023.
Last Listing description (January 2024)
Ideally positioned, Metro 88 Apartments is within walking distance to Southport CBD, Australia Fair, China Town and the highly active Broadwater precinct.
Whether you're looking to purchase an investment property and or somewhere to live in a central location - this 1 bedroom plus study is not one to be missed!
Currently rented until March 2023 for $470 per week, it's not often to find a positively geared property.
The apartment features an open plan kitchen, living and dining area extending onto a generous size courtyard style balcony, perfect for entertaining. The master bedroom has a built in robe, with access to the courtyard. Set up a home office in the designation study area, big enough for a single bed.
Unit 5 property features:
- Spacious open plan living area, with neutral tones throughout
- Master with built in robe and access to the courtyard
- Study, with enough space for a desk and a single bed
- Courtyard, partially covered, you could really get creative out there!
- Air conditioning
- Combined bathroom/laundry
- Secure car space
- Lift access
- Rental appraisal in current market - $480-$520 p/w
THE NUMBERS:
Strata Rates approximately $61 per week
Council Rates approximately $800 per half year (investment)
Water Rates approximately $350 per quarter (investment)
Rental return approximately $480-$520 p/w
Ideal for owner occupiers or investors looking for a good return on their investment.
Centrally located in Southport with Location Amenities, Australia Fair Shopping Centre, Broadwater Parklands, Gold Coast Aquatic Centre & Southport Light Rail, the medical precinct, China Town all within a short walk.
Property History for 5/171 Scarborough St, Southport, QLD 4215
- 06 Jan 2023Sold for $405,000
- 28 Nov 2022Listed for Sale $395,000
- 29 May 2020Listed for Rent $350 / week
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0About 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.
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