SOLD
Sold on 22 Nov 2024 for $555,000

8/55-56 Paradise Island
Surfers Paradise QLD 4217

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 177m2
Land area: 242m2
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Property Details for 8/55-56 Paradise Island, Surfers Paradise

8/55-56 Paradise Island, Surfers Paradise is a 3 bedroom, 2 bathroom Townhouse with 2 parking spaces and was built in 1980. The property has a land size of 242m2 and floor size of 177m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 3 bedroom Townhouse sold in Surfers Paradise in the last 12 months.

Building Type
Townhouse
Year Built
1980
Floor Size
177m2
Land Size
242m2
Local Government
Gold Coast City
Lot/Plan
8/BUP102329

Last Listing description (July 2017)

THIS PROPERTY IS TEMPORARILY UNAVAILABLE FOR INSPECTION. PLEASE CONTACT THE AGENT FOR DETAIL.
The complex is located in the heart of Paradise Island. This top-floor unit has beautiful views of the water and Surfers Paradise. Very quiet and convenient location. High rental demand for similar properties in the area. Great opportunity for both owner occupiers and investors seeking steady rental income!
SELLING BELOW RECENT BANK VALUATION, ACT NOW!

About the complex:
Walking distance to the beach, shops, restaurants, cafes, light rail station and Surfers Paradise State School.
Boutique complex of only 8 units.
Body corporate committee members also live on-site, which ensures good maintenance of shared pool and common areas.
Offering you the rare opportunity of both peace and quiet + an excellent location!
Property features include:
Three (3) large bedrooms with built-in robes.
Main bedroom with ensuite.
Open living and dining areas.
Contemporary kitchen with breakfast bar and stone bench tops, dishwasher and oven.
Veranda overlooking river and pool.
Single lock-up garage with additional common parking spaces on driveway.
Body corp approximately $1512.5 per quarter.

Property History for 8/55-56 Paradise Island, Surfers Paradise, QLD 4217

A timeline of how this property has performed in the market
Last Sold
$555,000
22 Nov 2024
Listed for Rent
$500/w
14 Jun 2017
  • 22 Nov 2024
    Sold for $555,000
  • 14 Dec 2017
    Sold for $452,000
  • 05 Dec 2017
    Listed for Sale Not Disclosed
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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 25,364 properties. Over the last 5 years, Houses in Surfers Paradise have seen a 82.76% increase in median value, while Units have seen a 102.86% increase. As at 31 December 2024:

  • The median value for Houses in Surfers Paradise is $2,377,592 while the median value for Units is $768,289.
  • Houses have a median rent of $750 while Units have a median rent of $680.
There are currently 405 properties listed for sale, and 104 properties listed for rent in Surfers paradise on OnTheHouse. According to CoreLogic's data, 1666 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.