SOLD
Sold on 11 Oct 2023 for $1,200,000

5 Meron Street
Southport QLD 4215

Bedrooms: 5
Bathrooms: 2
Car spaces: 1
Land area: 506m2
Sold By
Peter McManus Real Estate
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Property Details for 5 Meron St, Southport

5 Meron St, Southport is a 5 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 506m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 5 bedroom House sold in Southport in the last 12 months.

Building Type
House
Land Size
506m2
Local Government
Gold Coast City
Lot/Plan
2/RP97540

Last Listing description (October 2023)

Arguably Southport is going through a Renaissance. The investment dollars are pouring in. Southport, with some $2 billion in construction kicking off, now employs almost one in five on the Gold Coast. 5 Meron Street is sitting right in the heart of this opportunity.
The development leeway given by the Southport PDA (Priority Development Area) means the new Southport CBD Garden Residential Neighbourhood (Precinct 3) scheme is to provide an important cluster of residential density in support of the enormous plans for the Southport CBD. 5 Meron Street is sitting proper in the new scheme. The CBD Garden Residential Neighbourhood will deliver an urban village with a variety of medium to high-density, medium-rise residential types set amongst high quality garden landscapes and streetscapes serviced by convenience shops and facilities that cater for residents living within the precinct. The further focus of the scheme is to provide a mix of dwelling types ranging from townhouses to predominantly medium-rise apartment buildings. Light rail, Broadwater, parklands, dining, shops/supermarket (under construction), and city centre all within a short walk. So from several levels this is an exciting opportunity. Land bank and rent the current house, run a business from the current house whilst waiting for the surrounding development to flourish, or buy to develop with immediate intent. It is our view that this property offers an exciting future to the lucky buyer.

Property History for 5 Meron St, Southport, QLD 4215

A timeline of how this property has performed in the market
Last Sold
$1,200,000
11 Oct 2023
Listed for Rent
$550/w
03 Oct 2023
  • 11 Oct 2023
    Sold for $1,200,000
  • 01 Feb 2023
    Listed for Rent $350 / week
  • 03 Jun 2022
    Listed for Sale Offers over $1,200,000
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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 19,728 properties. Over the last 5 years, Houses in Southport have seen a 70.87% increase in median value, while Units have seen a 90.24% increase. As at 31 July 2024:

  • The median value for Houses in Southport is $1,019,410 while the median value for Units is $678,453.
  • Houses have a median rent of $750 while Units have a median rent of $630.
There are currently 245 properties listed for sale, and 139 properties listed for rent in Southport on OnTheHouse. According to CoreLogic's data, 1054 properties were sold in the past 12 months in Southport.

Suburb Insights for Southport 4215

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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.