SOLD
Sold on 28 Aug 2024 for $825,000

42/5 Admiralty Drive
Surfers Paradise QLD 4217

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 143m2
Land area: 58m2
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Property Details for 42/5 Admiralty Dr, Surfers Paradise

42/5 Admiralty Dr, Surfers Paradise is a 2 bedroom, 2 bathroom House with 1 parking spaces and was built in 1983. The property has a land size of 58m2 and floor size of 143m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom House sold in Surfers Paradise in the last 12 months.

Building Type
House
Year Built
1983
Floor Size
143m2
Land Size
58m2
Local Government
Gold Coast City
Lot/Plan
42/BUP5606

Last Listing description (October 2024)

WELCOME TO UNIT 42 - THE NELSON

On offer is a beautifully large, 143m2 two-bedroom apartment on the 7th floor in the tightly held, residential only building 'The Nelson', located in the prestigious waterfront suburb of Paradise Waters showcasing 270-degree ocean views. Upon entering, you will be greeted with views that will take your breath away. Only a stone's throw away from the beach, Macintosh Island Park, shopping, restaurants, light rail, and all amenities, this is a fantastic opportunity not only to purchase a large apartment, but a better lifestyle.

Located on the 7th floor, this apartment is designed to take full advantage of the 270-degree stunning ocean views that certainly stand out compared to Hinterland views. Offering two spacious bedrooms, master with walk in, kitchen with awesome views, two bathrooms plus a secure single car space with room for storage locker. Enjoy the panoramic views of the ocean, Main Beach, and Surfers Paradise all from the comfort of your living and dining room, kitchen, and bedrooms. Showcasing large open plan dual living and dining areas plus kitchen all flowing out onto the huge sun-drenched wrap around entertainer's balcony overlooking the beautiful ocean. They just don't build them like this anymore and if they do, they are rare!

Enjoy the resort style amenities on offer including swimming pool, spa, sauna, BBQ facilities, private function area and marina. Inspect today as this property will not last.

Property Features:
Fantastic facilities on offer throughout the building
Open plan living and dining areas flowing to outdoor entertaining balcony
Rarely available residence in prime riverfront location with sweeping 270 degree ocean views
Large kitchen with plenty of storage and bench space and laundry
2 oversized bedrooms, 2 bathrooms and 1 underground secure car space with space for storage locker
Enjoy the beachside lifestyle and entertaining precincts
Golden opportunity for owner occupiers, investors or holiday lock up!

Body Corporate & Rates
Body Corporate (Includes sinking fund and admin) = $325 / week (discounts do apply for on time payment)
Current GC Council Rates = $2,526.86
Water & Sewage = Approximately: $1,200 per annum

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Property History for 42/5 Admiralty Dr, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$825,000
28 Aug 2024
  • 28 Aug 2024
    Sold for $825,000
  • 07 Jun 2024
    Listed for Sale Under Offer
  • 16 Jan 1986
    Sold for $115,000

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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 25,226 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 370 properties listed for sale, and 86 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1587 properties were sold in the past 12 months in Surfers paradise.

Suburb Insights for Surfers Paradise 4217

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Hope Island Realty
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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.