Back 1/516 Marine Parade
Off Market

1/516 Marine Parade

Biggera Waters QLD 4216

2
1
1
0 m²
Apartment
Last sold for $660,000
Ana TullochAna Tulloch, last sold this property on 20 September 2023 after 39 days on market.

Overview

WATERFRONT GROUND FLOOR TERRACE APARTMENT

A unique opportunity not to be missed! Front row ground floor apartment on Marine Parade just directly across the beach and priced to sell quickly due to owner's situation. Capturing picture-perfect water views, this low maintenance two bedroom apartment is light filled and an unmissable opportunity for first home buyers or downsizers seeking a sought after position. Relax and enjoy the all around entertaining vistas from the comfort of your home! With only 9 apartments situated on an ideal corner block right on the Broadwater, the potential for this unique investment opportunity is very bright, on the development side. A savvy investor will see immediately the opportunity that this presents. Currently tenanted at $585 per week. Located on the front ground floor of the building, the apartment has been completely upgraded, with the perfect mix of clean modern and coastal finishes. Plenty of natural light and access to front terrace garden to rejoice Broadwater lifestyle at its best! The property includes a secured lockable garage. Solid brick and tile building with low maintenance and extra low body corporate of $40 per week. Features include: * Fully renovated with modern clean finishes * Open plan kitchen with breakfast bar, dishwasher, separate pantry and great views * Front row ground floor * 2 bedrooms both with built-in robes * Combined spacious bathroom/laundry * Ceramic tiles and timber floors in bedrooms * Ceiling fans throughout * Electrical update with downlights throughout * Garage secured for 1 car * Corner waterfront boutique complex of only 9 apartments in corner block of 879 sqm The numbers: * Body Corporate $40 per week * Council Rates approx. $1,851 per year * Water Rates approx. $1,225 per year * Lease appraisal $620-$650 per week (currently tenanted at $580 pw ) Across from Broadwater Beach, Close to Public Transport, Cafes, an abundance of dining options. Do not delay, contact Ana Tulloch today on 0439 343 432. Disclaimer: All information contained herewith, including but not limited to the general property description, images, floorplans, figures, price and address, has been provided to Alberport PTY LTD trading as LJ Hooker Broadwater and Ana Tulloch Realty Pty Ltd Licence No 3998095 by third parties. We have obtained this information from sources that we believe to be reliable; however, we cannot guarantee the accuracy and or completeness of this information. The information contained herewith should not be relied upon as being true and correct. You should make independent inquiries and seek your own independent advice.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
0 m² floor area
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Biggera Waters over the last 12 months, the estimated median property value of 1/516 Marine Parade is $795.65k.

Median value
$795.65k
Estimated value range
$540k - $1.21m
Median days on market
38
Estimated value trend
14%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Biggera Waters. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1/516 Marine Parade

2023
Sold
$660,000
20 Sep 2023 by Ana Tulloch, of LJ Hooker Broadwater

Happy sellers in Biggera Waters

92%
92% of sellers in Biggera Waters reported that their sale price either exceeded or met their price expectations.

Biggera Waters stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 64 reviews in Biggera Waters over the last 12 months.

Local market activity for 2 bedroom apartments in Biggera Waters

In the last 12 months, 97 two-bedroom apartments similar to 1/516 Marine Parade, have been sold.

This represents a 12% increase in two-bedroom apartments sales when compared to the previous 12 months.

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