SOLD
Sold on 06 May 2024 for $270,000

101/3 Oak Avenue
Surfers Paradise QLD 4217

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 107m2
Land area: 471m2
Sold By
SMART REAL ESTATE - GOLD COAST
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Property Details for 101/3 Oak Ave, Surfers Paradise

101/3 Oak Ave, Surfers Paradise is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1978. The property has a land size of 471m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom Unit sold in Surfers Paradise in the last 12 months.

Building Type
Unit
Year Built
1978
Floor Size
107m2
Land Size
471m2
Local Government
Gold Coast City
Lot/Plan
1/BUP2887

Last Listing description (March 2019)

This neat and tidy unit offers comfortable living dining and kitchen areas making the most of the light and cool breezes with 2 bedrooms 2 bathrooms. You can enjoy the Beautiful lagoon style pool and wrap around balcony on those hot sunny days. 'Oak Lodge Apartments' consists of 20 cosy residences and Unit 101 is one of the lucky ones with its own lock up garage. Situated in the heart of the desirable suburb of 'Budds Beach', this unit is only a short stroll 1 block away from the famous 'Bumbles' cafe and Budds Beach reserve park on River drive. To the east, you only have to walk 3 blocks to get to one of the Gold Coasts best golden beaches. You will have close access to the new Light rail TransLink and also plenty of shopping and restaurants are all within a short walk. The Apartment Features: - Both bedrooms with BIR's - 2 bathrooms (incl. ensuite) - Main bathroom with bath tub - 1 undercover off street car park - Sunny kitchen with plenty of cupboard space - Separate living and dining area - Split system reverse cycle Air-conditioning in living area - Internal Laundry - Long balcony with river view - Just a few blocks from the beach - North facing aspect - Complex has outdoor pool and spa PROPERTY/INVESMTNET INFORMATION Gold Coast City Council Rates: $2,953* p.a. approx Gold Coast City Water Rates: $1,442* p.a. approx Apartment size: 95 sqm* or 10 squares* Body Corp per week: $96* per week approx (if paid on time) Current Rental Market Appraisal: $380 per week to $415 per week Total Yearly gross income: $19,760 to $21,580 Gross Yield: 6.30% (assuming $400pw rent and Purchase price of $330,000) Built: 1978 SCHOOL INFORMATION Surfers Paradise State School - 1.23km - 2min drive Southport School - 2.27km - 4min drive Bellevue Park State School - 3.17km - 6min drive Explore the best the Gold Coast has to offer. From the Theme parks to the glorious golden beaches- create happy memories that last a lifetime! Offering amazing returns for investors, or simply buy as a holiday apartment or somewhere to call your next home. Don't miss out on this amazing opportunity to secure your piece of paradise today. :) For more information or to book an inspection, please contact Brad Scott Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements

Property History for 101/3 Oak Ave, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$270,000
06 May 2024
  • 06 May 2024
    Sold for $270,000
  • 12 May 2017
    Sold for $305,000
  • 10 Apr 2017
    Listed for Sale $324,000
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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 25,335 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 67.73% increase in median value, while Units have seen a 95.43% increase. As at 31 August 2024:

  • The median value for Houses in Surfers Paradise is $2,327,166 while the median value for Units is $758,108.
  • Houses have a median rent of $760 while Units have a median rent of $650.
There are currently 349 properties listed for sale, and 114 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1629 properties were sold in the past 12 months in Surfers paradise.

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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.