OFF MARKET

5/16 Leonard Avenue
Surfers Paradise QLD 4217

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 45m2
Land area: 138m2
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Property Details for 5/16 Leonard Ave, Surfers Paradise

5/16 Leonard Ave, Surfers Paradise is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1967. The property has a land size of 138m2 and floor size of 45m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
Unit
Year Built
1967
Floor Size
45m2
Land Size
138m2
Local Government
Gold Coast City
Lot/Plan
5/BUP155

Last Listing description (June 2023)

Whether you are looking for entry level holiday pad in the world famous Surfers Paradise location or searching for a little cashflow investment, this comfortable, low maintenance unit will tick all the boxes. Located only 600 metres from Cavill Avenue and 1km from surfer paradise beach front and a stroll from the river frontage this location is in the heart of one of the most sort after spots in the world.
Close to everything public transport, local shops, this area has only been going forward in popularity for its convenient location and the lifestyle it brings making this unit an unprecedented great buy.

Your New Homes Features:
- Brick construction
- Small boutique complex of only 6 units
- Security screens
- U-Shape Kitchen with ample cupboard storage
- Stand alone electric stove and oven
- Large master bedroom with built-in-robe
- Ensuite with shower and toilet
- Laundry within ensuite
- Ceiling fans to bedroom and living
- Freshly painted internally
- Carpet to main living space and tiled to kitchen
- Low maintenance
- Stairs to font yard
- Front shared balcony
- Complex has open spaces for children to play
- 1km from Surfers Paradise Beach, night markets and amazing surf breaks
- 600m from Cavil Avenue
- 400m Lionel Perry Park


Your investment numbers:
- Rental appraisal $340 to $360 per week
- Current rent: $265 per week
- Lease expires: Expires Sept 2023
- Rates approx. $TBA per wk
- Body Corp. $550 per qtr

Disclaimer: 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 satisfied themselves by inspection or otherwise.

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Property History for 5/16 Leonard Ave, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$275,000
28 Feb 2023
  • 28 Feb 2023
    Sold for $275,000
  • 30 Jan 2023
    Listed for Sale Motivated Seller, Submit All Offers
  • 03 Apr 2017
    Sold for $202,000
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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 25,231 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, 1581 properties were sold in the past 12 months in Surfers paradise.

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