SOLD
Sold on 03 Jul 2024 for $540,000

23/140-144 Ferny Avenue
Surfers Paradise QLD 4217

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 114m2
Land area: 920m2
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Property Details for 23/140-144 Ferny Ave, Surfers Paradise

23/140-144 Ferny Ave, Surfers Paradise is a 2 bedroom, 2 bathroom Unit and was built in 1997. The property has a land size of 920m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Surfers Paradise in the last 12 months.

Building Type
Unit
Year Built
1997
Floor Size
114m2
Land Size
920m2
Local Government
Gold Coast City
Lot/Plan
23/BUP106428

Last Listing description (January 2022)

Welcome to 'Sovereign Gold Coast'

Enjoy the benefits of this great Northern Surfers Paradise position, with access to both Surfers Paradise and Southport shopping and entertaining hubs. Perfectly placed in a sought-after location just steps to the golden sands of the Gold Coast beaches. A quiet retreat in Surfers Paradise close to shopping, dining and attractions.

This dual key opportunity at Alpha Sovereign is ideal for those seeking quintessential Gold Coast living with the flexibility of a dual income. The one-bedroom apartment features a modern and welcoming space with a lounge, dining area and the convenience of a kitchenette with sink whilst the studio apartment is configured with bedroom and living space all-in-one. Both feature air-conditioning and separate balconies overlooking the stunning lagoon pool and Surfers Paradise skyline.

Alpha Sovereign Gold Coast, boasts exceptional facilities so you can relax and make the most of your leisure time. Set in a tranquil setting with an intimate atmosphere, where the facilities are well designed and laid out to ensure your comfort.

The apartment features the following:
- Unique Dual Key Apartment Investment Opportunity
- 2 bedrooms, both with BIR's
- 2 Bathroom
- Air conditioned open plan living/dining areas that open onto balcony
- Two private balconies overlooking the stunning lagoon pool
- Beautiful Surfers Paradise and tropical district views from level 2
- Laundry facilities in each apartment
- High ceilings and neutral interiors

The complex features the following:
- Tropical resort gardens, well maintained building
- Sparkling resort pool and spa with sun lounges
- Alfresco dining area next to pool
- Well equipped gymnasium with clean/modern machines
- BBQ facilities with undercover entertaining area with seating
- Security card access to common areas, underground parking and floor levels
- Reception and breezy lobby
- High speed internet available
- Undercover security parking (subject to availability)

Just a three minute walk to the beach via your own private gate and two tram stops to Cavill Avenue - the heart of Surfers Paradise. Easy access to transit, shops, restaurants.

PROPERTY INFORMATION
Gold Coast City Council Rates: $2,990* p.a. approx
Gold Coast City Water Rates: $1,644* p.a. approx
Body Corp: $121*per week approx
Built: 1997
Currently tenanted with a combined rental income of $630 per week for lease/investment opportunity
Unit 208 - Was leased at $320 per week. Currently Vacant looking for a new tenant
Unit 209 - Leased at $310 per week on periodic month to month lease

* denotes approximate measurements

You'll love how central to everything you are here. A rare opportunity to purchase in an unbeatable location.

For further information or to arrange a private inspection please contact Jodie Bell or Brad Scott.

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.

COVID-19 Update
- Please do not attend any inspections if have returned from overseas in the past 14 days, are unwell, elderly or have a compromised immune system.
- Please practice social distancing at all inspections to help minimise the spread of COVID-19.

Property History for 23/140-144 Ferny Ave, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$540,000
03 Jul 2024
  • 03 Jul 2024
    Sold for $540,000
  • 18 Jun 2021
    Sold for $365,000
  • 04 Jun 2021
    Listed for Sale Offers above $365,000
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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 25,219 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 361 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.

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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.