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.
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.
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:
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