SOLD
Sold on 20 Aug 2024 for $363,000

1/24 Peninsular Drive
Surfers Paradise QLD 4217

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 39m2
Land area: 172m2
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Property Details for 1/24 Peninsular Dr, Surfers Paradise

1/24 Peninsular Dr, Surfers Paradise is a 1 bedroom, 1 bathroom House and was built in 1976. The property has a land size of 172m2 and floor size of 39m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom House sold in Surfers Paradise in the last 12 months.

Building Type
House
Year Built
1976
Floor Size
39m2
Land Size
172m2
Local Government
Gold Coast City
Lot/Plan
1/BUP2354

Last Listing description (September 2024)

Discover the perfect investment opportunity or your own slice of paradise with this delightful 1-bedroom, 1-bathroom unit in the heart of Surfers Paradise. Located in a small block of only 8 units, there is future development potential!

Current market rent $420 per week, it offers an excellent investment opportunity.

Benefit from low body corporate fees, making this an affordable and attractive option. Situated in the vibrant Surfers Paradise, you are just moments away from pristine beaches, shopping, dining, and entertainment options. This unit is perfect for investors looking for a solid rental return or those seeking a convenient and low-maintenance lifestyle in one of the Gold Coast's most desirable locations.

Disclaimer: All information (including but not limited to the property area, floor size, price, address, and general property description) is provided as a convenience to you and has been provided to McGrath by third parties. Consequently, McGrath is unable to definitively attest to the listed information's accuracy. McGrath does not accept any liability (indirect or direct) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits arising out of or in any way connect with the use or dissemination of any information, or any error, omission, or defect present within the information as appearing on the Website. Information appearing on the Website should not be relied upon and you should attend to your own personal enquiries and seek legal advice (where required) with respect to any property on the Website. Please also note, the prices displayed on the Website are current at the time of issue but are subject to change.

Property History for 1/24 Peninsular Dr, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$363,000
20 Aug 2024
Listed for Rent
$400/w
18 Jan 2023
  • 20 Aug 2024
    Sold for $363,000
  • 14 Aug 2024
    Listed for Sale $363,000
  • 13 Jan 2023
    Listed for Rent $400 / week
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About Surfers Paradise 4217

The size of Surfers Paradise is approximately 6.3 square kilometres. It has 20 parks covering nearly 7.3% of total area. The population of Surfers Paradise in 2011 was 19,668 people. By 2016 the population was 23,688 showing a population growth of 20.4% in the area during that time. The predominant age group in Surfers Paradise is 20-29 years. Households in Surfers Paradise are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Surfers Paradise work in a professional occupation. In 2011, 41.5% of the homes in Surfers Paradise were owner-occupied compared with 39.9% in 2016.

Surfers Paradise has 25,218 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 72.39% increase in median value, while Units have seen a 98.47% increase. As at 31 October 2024:

  • The median value for Houses in Surfers Paradise is $2,308,496 while the median value for Units is $767,523.
  • Houses have a median rent of $750 while Units have a median rent of $673.
There are currently 357 properties listed for sale, and 86 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1599 properties were sold in the past 12 months in Surfers paradise.

Suburb Insights for Surfers Paradise 4217

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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.