OFF MARKET

3/7 Monaco Street
Surfers Paradise QLD 4217

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 64m2
Land area: 304m2
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Last updated 11 Nov 2024
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Property Details for 3/7 Monaco St, Surfers Paradise

3/7 Monaco St, Surfers Paradise is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1977. The property has a land size of 304m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
Unit
Year Built
1977
Floor Size
64m2
Land Size
304m2
Local Government
Gold Coast City
Lot/Plan
3/BUP3483

Last Listing description (December 2022)

Open for inspection Saturday from 12:00 to 12:30

Excellent buying opportunity for entry-level buyers and investors looking for a high-yielding blue chip investment property on the fringe of both Surfers Paradise and Broadbeach. Fantastic capital growth and future development potential in this highly sought-after pocket with the GC light rail station on your doorstep and easy walking distance into the heart and nightlife of Broadbeach and the beautiful Gold Coast beaches!

Be central to everything you need here in this fantastic East facing two-bedroom unit located on the very popular Monaco Street. This lovely unit is located on the first floor of the 'Monaco 7' building which is a quiet two-storey unit block with just 8 apartments and low body corporate fees.

Features of this apartment include: -

2 large Queen size bedrooms with built-in robes
Renovated kitchen with plenty of cupboard space
Combined bathroom and laundry
Shared double garage to fit 2 small cars (tandem)
Juliette balcony off the main living area
Plenty of off-street parking available
Very secure and private with an Intercom system
Short walk to Surfers Paradise & Broadbeach

Property Information and Outgoings

Unit size 75 sqm
Council Rates $1,124 for 6 months
Water Rates $322 for 3 months
Body Corporate Levies $54 per week
Sinking Fund Balance $18,322 as at September 2022
Current Rental $400 per week

Please contact Peter Jarmer on 0423 009 843 for further information and to arrange an inspection.

Disclaimer: All information (including but not limited to the property area, floor size, price, address, and general property description) is provided as a convenience to you and has been provided to McGrath by third parties. Consequently, McGrath is unable to definitively attest to the listed information's accuracy. McGrath does not accept any liability (indirect or direct) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits arising out of or in any way connect with the use or dissemination of any information, or any error, omission, or defect present within the information as appearing on the Website. Information appearing on the Website should not be relied upon and you should attend to your own personal enquiries and seek legal advice (where required) with respect to any property on the Website. Please also note, the prices displayed on the Website are current at the time of issue but are subject to change.

Property History for 3/7 Monaco St, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$390,000
17 Oct 2022
Listed for Rent
$400/w
20 Mar 2020
  • 17 Oct 2022
    Sold for $390,000
  • 21 Sep 2022
    Listed for Sale Not Disclosed
  • 09 Mar 2020
    Listed for Rent $400 / week
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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 25,213 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 352 properties listed for sale, and 85 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1604 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.