OFF MARKET

601/5-19 Palm Avenue
Surfers Paradise QLD 4217

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 69m2
Land area: 3547m2
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Property Details for 601/5-19 Palm Ave, Surfers Paradise

601/5-19 Palm Ave, Surfers Paradise is a 1 bedroom, 1 bathroom House with 1 parking spaces and was built in 1997. The property has a land size of 3547m2 and floor size of 69m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Year Built
1997
Floor Size
69m2
Land Size
3547m2
Local Government
Gold Coast City
Lot/Plan
59/BUP106473

Last Listing description (November 2023)

This unit will be sold as the owners have committed elsewhere.

There is an incredible opportunity to secure this one-bedroom unit in one of the most sort out resort in Surfers Paradise, which is exceptionally popular with families. The unit will surely impress owners looking to occupy or any astute investor looking to buy in the iconic Mantra Crown Towers. Positioned in heart of Surfers Paradise this immaculately well-presented apartment, has shopping, dining, and entertainment right on your doorstep.


The kitchen and bathroom have been modernised and coupled with the tasteful flooring throughout, you've got a very modern touch with a lot of the heavy lifting already done for you. Rental returns are impressive as currently one-bedroom, one-bathroom units are potentially leased from $570 to $610 per week. Currently the unit is set up for (holiday letting), which gives a solid return per financial year if used to its full potential all year long.

When you buy into Crown Towers you will have access to a world class resort, with a sandy lagoon beach, pirate ship slide, children's playground, heated indoor pool, heated spas, a fully equipped gym and poolside caf, you will really get a sense of how blessed you are.

HIGHLIGHTS

- Suitable for holiday and permanent rentals
- Fully furnished
- 6th floor
- Ducted Air Conditioning throughout
- Generously entertaining balcony
- Exclusive use secure carpark
- Bedroom with a walk-in wardrobe
- Fully equipped kitchen with plenty of storage
- Perfect location in the heart of Surfers Paradise
- Internal laundry with washing machine & dryer
- Southern aspect with obstructed ocean views
- Rental Appraisal: $600 per week



DISTANCES:
Beach- 240 m
Bus Stop - 20 m
Cypress Avenue light rail station 120m
Coles shopping 450m
Restaurants and shopping 500M
Doctor Medical Centre - 300m


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 enquiries to verify the information contained herein. If you are thinking that this could be the one? Chances are that others also feel the same way so do not delay in arranging your inspection as you may just miss out.

Property History for 601/5-19 Palm Ave, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$485,000
14 Aug 2023
  • 14 Aug 2023
    Sold for $485,000
  • 19 Jul 2023
    Listed for Sale UNDER CONTRACT
  • 09 May 2022
    Sold for $460,000
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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 25,335 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 67.73% increase in median value, while Units have seen a 95.43% increase. As at 31 August 2024:

  • The median value for Houses in Surfers Paradise is $2,327,166 while the median value for Units is $758,108.
  • Houses have a median rent of $760 while Units have a median rent of $650.
There are currently 349 properties listed for sale, and 114 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1629 properties were sold in the past 12 months in Surfers paradise.

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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.