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Sold on 15 Aug 2024 for $565,000

625/138 Ferny Avenue
Surfers Paradise QLD 4217

Bedrooms: 2
Bathrooms: 2
Car spaces: -
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Property Details for 625/138 Ferny Ave, Surfers Paradise

625/138 Ferny Ave, Surfers Paradise is a 2 bedroom, 2 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Surfers Paradise in the last 12 months.

Building Type
Unit
Local Government
Gold Coast City

Last Listing description (September 2024)

This dual key apartment is a great investment, is located on the 6th floor of the South Tower of "Sovereign", and has the following features:

- Splits in to a 1 Bedroom Unit and a Studio Unit
- Eastern aspect with ocean views

- Great size of 106m2
- Each unit has a balcony
- Fully furnished
- Air conditioned
- Ceiling fans
- Built in robes
- Partly renovated (flooring, furniture, bathroom vanities, and repainted)
- Stove or oven not allowed in kitchen
- Currently holiday let by On Site Managers (Yearly Income approx. $52,000)

The Outgoings are currently approximately:

Body Corporate - $204/week (includes electricity)
Rates - $78/week
Water - $43/week

The Building features include:

- Secure car parking (on a first come basis)
- Lagoon pool
- Spa
- Sauna
- Gymnasium
- BBQ area
- Malaysian Restaurant
- On Site Managers

A great location close to the beach, restaurants, transport, and Budds Beach.

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 625/138 Ferny Ave, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$565,000
15 Aug 2024
  • 15 Aug 2024
    Sold for $565,000
  • 04 Jun 2024
    Listed for Sale Offers Over $600,000

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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 25,218 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 357 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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