3/14 Paradise Island Surfers Paradise QLD 4217
Property Details for 3/14 Paradise Island, Surfers Paradise
3/14 Paradise Island, Surfers Paradise is a 1 bedroom, 1 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 1 bedroom Unit sold in Surfers Paradise in the last 12 months.
Last Listing description (January 2024)
Welcome to your perfect riverside retreat! This 1-bedroom, 1-bathroom apartment is situated on the ground floor, offering a harmonious blend of comfort and convenience.
The location of this residence is truly unbeatable. Nestled along the serene Nerang River, the property provides a tranquil setting, allowing you to unwind.
Also a mere 10-15 minute stroll will take you to the vibrant heart of Surfers Paradise, where you can indulge in the lively atmosphere, entertainment, dining options and a plethora of amenities.
The property is currently occupied by tenants, ensuring immediate returns on investment until July 2024. With a commendable yield of 5.9%, this investment property presents a lucrative opportunity for those seeking a reliable income stream and financial rewarding asset.
This property includes but is not limited to:
Ground floor apartment
Open plan kitchen, living and dining area
Front porch adjoining the living area
1 Bedroom with a built-in robe
Combined bathroom and laundry
Plenty of free street parking available
Communal laundry in the complex
With a very low Body Corporate fee of approximately $31 per week including building insurance & complex maintenance.
Don't miss this opportunity, providing a unique blend of location, convenience, high rental yield, long-term stability and future development potential.
Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.
Property History for 3/14 Paradise Island, Surfers Paradise, QLD 4217
- 29 Jan 2024Sold for $382,000
- 18 Dec 2023Listed for Sale Contact Agent
- 17 Jul 2019Listed for Rent - Price not available
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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.
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