SOLD
Sold on 28 Mar 2024 for $650,000

406/40 The Esplanade
Surfers Paradise QLD 4217

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 84m2
Land area: 1266m2
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Property Details for 406/40 The Esplanade, Surfers Paradise

406/40 The Esplanade, Surfers Paradise is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1966. The property has a land size of 1266m2 and floor size of 84m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Surfers Paradise in the last 12 months.

Building Type
Unit
Year Built
1966
Floor Size
84m2
Land Size
1266m2
Local Government
Gold Coast City
Lot/Plan
49/BUP82

Last Listing description (October 2020)

Commanding a prime beachfront position in iconic 'The Sands' building is this tastefully designed ready to move in 2 bedroom 1 bathroom Surfers Paradise residence. Situated footsteps from the sand and the centre of Surfers Paradise offering ocean views from the comfort of your lounge room, offering open plan living and dining areas plus kitchen and entertainers balcony overlooking the beachfront and pool area. This bright and spacious north east facing apartment is an opportunity not to be overlooked. Situated only footsteps from the Gold Coast's most famous beach, major shopping centres, local restaurants and entertaining precincts. Enjoy the resort style amenities on offer in the building along with the highly sought after beachfront lifestyle. Inspect today - Owners will look at all offers in writing.

* Motivated owner wants all offers presented ASAP!
* North facing apartment with great ocean views

* Open plan living area plus large balcony
* Kitchen with plenty of storage and bench space
* Low body corporate - Fantastic facilities throughout
* 2 bedroom 1 bathroom spacious beach side apartment
* Enjoy the Surfers Paradise lifestyle and entertaining precincts
* Single secure garage space + ample off street parking
* Owners are extremely motivated & will look at all offers
* Plenty of scope for future re-development
* Golden opportunity for owner occupiers, investors or holiday lock up!

Property History for 406/40 The Esplanade, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$650,000
28 Mar 2024
  • 28 Mar 2024
    Sold for $650,000
  • 30 Aug 2021
    Sold for $355,000
  • 10 Jun 2020
    Listed for Sale Priced to sell $325,000
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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 25,312 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 58.55% increase in median value, while Units have seen a 85.52% increase. As at 31 July 2024:

  • The median value for Houses in Surfers Paradise is $2,376,577 while the median value for Units is $727,822.
  • Houses have a median rent of $850 while Units have a median rent of $650.
There are currently 326 properties listed for sale, and 107 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1670 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.