SOLD
RECENT ADVICE
Sold on 05 Nov 2024 for $750,000

503/3 Oak Avenue
Surfers Paradise QLD 4217

Bedrooms: 2
Bathrooms: 2
Car spaces: -
Floor area: 85m2
Land area: 471m2
Sold By
Astute Realty
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Property Details for 503/3 Oak Ave, Surfers Paradise

503/3 Oak Ave, Surfers Paradise is a 2 bedroom, 2 bathroom Unit and was built in 1978. The property has a land size of 471m2 and floor size of 85m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Unit sold in Surfers Paradise in the last 12 months.

Building Type
Unit
Year Built
1978
Floor Size
85m2
Land Size
471m2
Local Government
Gold Coast City
Lot/Plan
19/BUP2887

Last Listing description (November 2024)

Positioned on the top floor with a desirable north-facing aspect, this beautifully renovated apartment is located in the heart of Budds Beach within the Oak Lodge building. Offering a prime location just moments from Bumbles Caf, pristine beaches, and a variety of popular restaurants, this property presents an exceptional lifestyle opportunity.

This spacious 2-bedroom, 2-bathroom apartment includes a secure car space and is currently tenanted at $820 per week until May 2025, making it a perfect investment or future home.

Body Corporate rates approximately $117 per week.

Key Features:
- 2 generously sized bedrooms, 2 modern bathrooms
- Secure parking space
- Top-floor, north-facing position
- Fully renovated throughout with contemporary finishes
- Residents only pool
- Located close to public transport, cafes, restaurants, and the beach
- Approx 150m walk to Budds Beach
- Built 1978

Location & Lifestyle:
This property is perfectly situated for convenience, with a range of public transport options just a short stroll away, including the G light rail and local bus routes, providing easy access to the broader Gold Coast area. Nearby, you'll find grocery stores for daily essentials, as well as a vibrant selection of bars, cafes, and restaurants, offering a diverse range of dining and entertainment options. Whether you're heading to Surfers Paradise's lively nightlife or simply enjoying the local atmosphere, everything you need is right at your doorstep.

This is an opportunity not to be missed an ideal investment in the highly sought-after Budds Beach precinct of Surfers Paradise.

Contact Hayden today to arrange an inspection! 0419000929

Property History for 503/3 Oak Ave, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$750,000
05 Nov 2024
Listed for Rent
$850/w
05 May 2024
  • 05 Nov 2024
    Sold for $750,000
  • 16 Sep 2024
    Listed for Sale Contact Hayden for Price Guide.
  • 24 Apr 2024
    Listed for Rent $850 / week
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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 25,217 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 354 properties listed for sale, and 86 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1599 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.