16/25-27 Darrambal StreetSurfers Paradise QLD 4217
Property Details for 16/25-27 Darrambal St, Surfers Paradise
16/25-27 Darrambal St, Surfers Paradise is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1995. The property has a land size of 513m2 and floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in March 2020.
Last Listing description (June 2020)
What a fantastic location!
Representing exceptional value, this functional one bedroom unfurnished air-conditioned apartment offers a light filled space, with a tidy and ample sized kitchen and open plan dining/lounge area that flows onto the balcony with great views. The perfect investment property to add to your portfolio or to enter the market as a first home buyer. Located within the secure building Puerto Vallarta' on Darrambal Street.
For investors this is currently returning an attractive 7.25% yield!
This neat and tidy one bedroom unit is perfectly positioned only a few minutes' walk to the centre of Chevron Island, but yet is so close to the heart of Surfers Paradise, the beach, light rail, bus routes and the Bundall business district.
This property can be viewed by Private Inspection and open homes will be advertised from Saturday 29th February unless sold prior.
Key Features:
- Spacious Balcony
- Air-conditioning in lounge
- Ceiling fans throughout
- Built in robes within the bedroom
- Reverse cycle air conditioning
- In ground plunge pool within complex
- Located on the top floor of a three level walk up
- Secure building with undercover basement parking for one vehicle
- Very low body corporate levies - $48 per week approximately
- Healthy Sinking Fund balance of $152,533 (as of 17 February 2020)
- Rental appraisal is $320 - $350 per week
- High demand rental market in Chevron Island
- Current rental yield approx. 7.5% !
Property History for 16/25-27 Darrambal St, Surfers Paradise, QLD 4217
- 23 Mar 2020Listed for Rent - Price not available
- 04 Mar 2020Sold for $207,000
- 14 Feb 2020Listed for Sale $215,000
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0About 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 25,214 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.
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