403/5-19 Palm AvenueSurfers Paradise QLD 4217
Property Details for 403/5-19 Palm Ave, Surfers Paradise
403/5-19 Palm Ave, Surfers Paradise is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 2 bedroom Apartment sold in Surfers Paradise in the last 12 months.
Last Listing description (December 2024)
Investors, this is a must see! This oversized, beautifully renovated dual-key apartment is an unparalleled opportunity for exceptional returns. Don't let this incredible value slip away.
Property Highlights:
• Dual Key Design: Two separate, income-generating spaces-an elegant studio and a spacious one-bedroom apartment. Live in one and rent out the other, or enjoy the entire expansive layout.
• Generous Size: Spacious floor plans in both units, perfect for maximum rental yield or luxurious living.
• Modern Finishes: Recently renovated with sleek lines and high-quality finishes, ready for immediate occupancy or rental.
• Resort-Style Amenities: Lagoon pool with a kids' splash zone, indoor and outdoor pools, games room, spa, sauna, gym, and BBQ areas.
• Secure Parking: Includes one secure car park for your convenience.
Potential Earnings:
Rental Estimates:
• 403A: $550-$600/week
• 403B: $450-$480/week
Holiday Letting Potential:
• Estimated. $1,200-$1,300 net profit per week (Seasonal variations apply)
• Approx. $60,000-$63,000 net per annum
Location Perks:
• Top Spot in Surfers Paradise: Steps from beaches, cafes, and vibrant dining.
•Well renowned Thai Restaurant right in your backyard.
•Ultimate family holiday location.
• High Demand Area: Ideal for strong rental returns in a sought-after location.
This will be extraordinary value and one you will never regret. Contact me for more information or to arrange a viewing!
Disclaimer: In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.
Property History for 403/5-19 Palm Ave, Surfers Paradise, QLD 4217
- 10 Dec 2024Sold for $851,000
- 06 Aug 2024Listed for Sale $795,000+
- 30 May 2022Sold for $605,000
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0About 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 25,362 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 57.93% increase in median value, while Units have seen a 99.12% increase. As at 30 November 2024:
- The median value for Houses in Surfers Paradise is $2,098,210 while the median value for Units is $768,609.
- Houses have a median rent of $745 while Units have a median rent of $675.
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