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Sold on 14 Oct 2024 - Price Unavailable

314/1-8 Paradise Island
Surfers Paradise QLD 4217

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 314/1-8 Paradise Island, Surfers Paradise

314/1-8 Paradise Island, Surfers Paradise is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Unit sold in Surfers Paradise in the last 12 months.

Building Type
Unit
Local Government
Gold Coast City
Lot/Plan
90/BUP101508

Last Listing description (October 2024)

Introducing this renovated and fully furnished dual-key, two-bedroom apartment, located in the heart of Surfers Paradise. Boasting a prime North-facing position, this apartment offers river and Gold Coast views.

With dual-key access, this apartment is perfect for both investors and owner-occupiers, offering maximum flexibility. Properties like this are rarely available, making this a unique opportunity that shouldn't be missed!!


The apartment features newly installed wooden floorboards, fresh paint, and updated window furnishings. As part of the Paradise Island Resort, you'll enjoy access to luxurious resort-style amenities including a lagoon pool with a heated spa, sauna, gym, tennis court, half-size basketball court and tranquil riverside BBQ areas. With dual key functionality, you have the option to rent out both units or live in one while leasing the other. The estimated annual return is approximately $70,000.

Property Highlights:
* Dual letting capability
* Estimated annual return is approximately $70,000.
* Fully furnished, 2 bedrooms, 2 bathrooms
* 110m2 of space with North-facing views
* Ceiling fans in both bedrooms and living areas
* Two balconies offering scenic views
* Fully equipped kitchen with modern appliances
* Air conditioning
* Resort-style amenities: Lagoon pool, heated spa, sauna, gym, riverside BBQ areas, full-size tennis court and half basketball court

With only one title for the entire apartment, you'll pay a single set of fees for both units. Whether you choose to live in one apartment and rent out the other or rent out the properties, this dual-key apartment offers exceptional flexibility and investment potential.

Call Brooke Westaway for further info or to book an inspection by appointment, otherwise, we look forward to seeing you at one of our scheduled open homes.

Property History for 314/1-8 Paradise Island, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
14 Oct 2024
  • 08 Oct 2024
    Sold for $775,000
  • 01 Jul 2024
    Listed for Sale $785,000
  • 04 Feb 2008
    Sold for $350,000
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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 25,217 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 354 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.

Suburb Insights for Surfers Paradise 4217

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Katriya De Vincentiis
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Ross Lukin
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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.