SOLD
Sold on 15 Mar 2024 for $480,000

48/69-73 Ferny Avenue
Surfers Paradise QLD 4217

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 43m2
Land area: 1131m2
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Property Details for 48/69-73 Ferny Ave, Surfers Paradise

48/69-73 Ferny Ave, Surfers Paradise is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1131m2 and floor size of 43m2. 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
1970
Floor Size
43m2
Land Size
1131m2
Local Government
Gold Coast City
Lot/Plan
47/BUP13626

Last Listing description (May 2024)

Nestled in the renowned Raffles Royale, centrally located in Surfers Paradise and just a stroll away from the Gold Coast's famed beach, restaurants, and year-round entertainment, lies this exquisite top-floor 2-bedroom unit. The unit is being offered fully furnished, presenting a turnkey residence. Whether for owner occupancy, permanent rental, or holiday letting, this property boasts remarkable financial potential, offering a multitude of opportunities for capitalization or personal enjoyment. Currently leased at $680 per week until June 3, 2024, with proficient and approachable onsite management.

This unit is characterized by its luminosity, featuring an open-plan kitchen/living area. Revel in the refreshing beach breezes, savor ocean views from one of the bedrooms, and bask in the natural light pouring in through the stunning large windows and corner balcony. The living room is equipped with an air conditioner, while both bedrooms are fitted with new fans. The combined bathroom and laundry are spaciously designed.

Having undergone a comprehensive renovation, the unit exudes a modern aesthetic throughout. The tropical-style resort housing the unit boasts amenities such as a swimming pool, BBQ area, and spa. The building itself is committed to eco-friendliness and energy efficiency, incorporating solar panels and water tanks.

The prime position and potential of this property beckon those seeking a harmonious blend of lifestyle and investment.

Property History for 48/69-73 Ferny Ave, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$480,000
15 Mar 2024
Listed for Rent
$700/w
04 Jun 2024
  • 15 Mar 2024
    Sold for $480,000
  • 12 Feb 2024
    Listed for Sale OFFERS OVER $475,000 CONSIDERED
  • 15 Feb 2023
    Sold for $398,000
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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 25,232 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 372 properties listed for sale, and 91 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1572 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.