SOLD
Sold on 22 Jul 2024 for $510,000

203/1-8 Paradise Island
Surfers Paradise QLD 4217

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 54m2
Land area: 64m2
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Property Details for 203/1-8 Paradise Island, Surfers Paradise

203/1-8 Paradise Island, Surfers Paradise is a 1 bedroom, 1 bathroom Unit and was built in 1994. The property has a land size of 64m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Unit sold in Surfers Paradise in the last 12 months.

Building Type
Unit
Year Built
1994
Floor Size
54m2
Land Size
64m2
Local Government
Gold Coast City
Lot/Plan
52/BUP101508

Last Listing description (July 2024)

Don't miss out on the opportunity to own a piece of paradise at Paradise Island Resort. This immaculate fully furnished one-bedroom apartment features an open plan kitchen and living area that flows seamlessly onto a warm and sunny east-facing balcony. The apartment has undergone a stunning renovation and boasts neutral tones throughout.

Key Features:
- New fully equipped kitchen with stone bench top, microwave, oven, cooktop, and breakfast bar

- New flooring and freshly painted interior
- Wardrobe with full-length mirrors and built-in drawers
- Stone vanity bench top and shower over a full-size bathtub
- Calcutta marble splashback in kitchen and bathroom
- Motorised blinds in bedroom and lounge room

Paradise Island Resort Facilities:
- Riverside lagoon-style heated pool and spa
- Full-size tennis court and half basketball court
- Gym and sauna with riverside views
- Riverside barbecue areas
- Private boardwalk and jetty with boating access to Nerang River
- Pet-friendly complex
- Perfect for a weekender, Airbnb investment, or owner-occupier
- Convenient access to public transport with G Link tram 350m away and bus stop 400m away
- Only 550m to sandy beaches

Please note that this unit does not come with a car space.

Outgoings:
Water: $26.50 per week (approx)
Council Rates: $2,414 per annum (approx)
Body Corporate: $104 per week (approx)

Located just a short stroll from the beach and the vibrant cafes, bars, and shops that Surfers Paradise has to offer, this apartment is the ultimate investment opportunity on the Gold Coast.

Contact Rina today to arrange a private inspection!

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, inaccuracy, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Property History for 203/1-8 Paradise Island, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$510,000
22 Jul 2024
  • 22 Jul 2024
    Sold for $510,000
  • 25 Jun 2024
    Listed for Sale UNDER OFFER!!! OFFERS OVER $499,000
  • 02 Feb 2022
    Sold for $275,000
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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 25,225 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 369 properties listed for sale, and 88 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1586 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.