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Sold on 01 Jul 2024 for $400,000

530/138 Ferny Avenue
Surfers Paradise QLD 4217

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 74m2
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Property Details for 530/138 Ferny Ave, Surfers Paradise

530/138 Ferny Ave, Surfers Paradise is a 1 bedroom, 1 bathroom Unit and was built in 1997. The property has a floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom Unit sold in Surfers Paradise in the last 12 months.

Building Type
Unit
Year Built
1997
Floor Size
74m2
Local Government
Gold Coast City

Last Listing description (July 2024)

This one bedroom apartment is on the 5th floor of the South Tower of Sovereign.

Some of the apartment features include:

- South East aspect

- Great size of 74m2
- Open plan living
- Large bedroom with 2 windows ,built in robes, ceiling fan and has views of the river, mountains, and ocean
- Renovated kitchen (stove or oven not allowed)
- Good sized balcony
- Partially renovated bathroom has a shower bath and there's room for a washing machine
- Fully furnished with new furniture
- Air conditioned
- Currently holiday let with On Site Managers
- Rent Appraisal $550/week

The Outgoings are:
- Body Corporate approx. $145/week (includes electricity)
- Council Rates approx. $50/week
- Council Water approx. $30/week

The building facilities include:
- Secure car parking (on a first come basis)
- Lagoon pool
- Spa
- Sauna
- Gymnasium
- BBQ area
- Malaysian Restaurant

Sovereign is in a great location near the beach, river, Marriott Hotel, light rail and bus services.

Disclaimer: In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own inquiries to verify the information contained herein.

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Property History for 530/138 Ferny Ave, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$400,000
01 Jul 2024
  • 01 Jul 2024
    Sold for $400,000
  • 03 May 2024
    Listed for Sale Offers over $400,000

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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 25,222 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 364 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.

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