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Back 11/40 Burra St
Off Market

11/40 Burra St

Surfers Paradise QLD 4217

1
1
1
43 m²
73 m²
Unit
Last sold for $580,000
Herbie FreyHerbie Frey, last sold this property on 10 November 2025 after 54 days on market.

Overview

FULLY FURNISHED GROUND-LEVEL HOME OR PROFITABLE AIRBNB!

If you have been looking for a solution to an affordable airbnb with strong returns, or the perfect first step into the Gold Coast market, this property could be a perfect match! Discover the charm of Chevron Island with this affordable apartment that offers the perfect blend of comfort and convenience. Located on Burra Street, this one-bedroom, one-bathroom unit is an ideal choice for first-time buyers or investors looking to secure a spot in this vibrant community. Enjoy the lifestyle benefits of a north-facing aspect, along with outdoor entertaining and an in-ground pool, perfect for the best of a coastal lifestyle. Chevron Island is renowned for its lively atmosphere and close-knit community. You'll find a variety of cafes, boutiques, and entertainment options just a short stroll away, making it a sought-after locale for those who enjoy an active lifestyle. With easy access to nearby Surfers Paradise and the Gold Coast's pristine beaches, you'll never be short of leisure activities. This unit is also equipped with essential modern comforts such as air conditioning and ceiling fans, ensuring a pleasant living environment year-round. Don't miss this opportunity to secure a piece of Chevron Island, act quickly to make this your new home or investment property! PROPERTY HIGHLIGHTS: - Open living and full kitchen - Large patio with plenty of space for outdoor entertaining/relaxation - Updated tile flooring throughout the whole property and wall tiles in bathroom - Bedroom with built in robe and sliding-door access to patio - Combined bathroom and laundry for added convenience - Secure allocated car space in basement - Air Conditioning in living and bedroom as well as updated ceiling fans - Enjoy the lifestyle bonus of a tropical in-ground pool and separate spa - Building freshly painted and tiled in recent months LOCATION LIFESTYLE: - Convenience stores, cafe's and restaurants just a 5 minute walk - Within a 10 minute walk to HOTA performing arts centre and weekly local marketplace - Beach Proximity: Just a 20-minute walk to the iconic Surfers Paradise beach - Public Transport: Easy access to buses and the G:link tram, connecting you to suburbs across the Gold Coast and also up to Brisbane FINANCIALS: - Airbnb has a 95% occupancy rate, to sustain occupancy, seasonal rates vary from $120 per night - $400 per night and $2,000 - $4,000 per week - Rental appraisal $550 - $600 weekly approx. - Council rates $1,492 half-yearly approx. - Water rates $351 quarterly approx. - Please contact us for the Form 2, as well as all financial details, including body corp fees and current airbnb income statements Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements.

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
43 m² floor area
73 m² lot size
Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Surfers Paradise over the last 12 months, the estimated median property value of 11/40 Burra St is $550k.

Median value
$550k
Estimated value range
$200k - $920k
Median days on market
42
Estimated value trend
12%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Surfers Paradise. 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 11/40 Burra St

2025
Sold
$580,000
10 Nov 2025 by Herbie Frey, of Harcourts Property Hub
2023
Sold
$354,500
13 Feb 2023 by Trent Hones, of Harcourts Property Hub
2021
Rented
Undisclosed
Leased on 15 Dec 2021 by Merlot Residential

Happy sellers in Surfers Paradise

87%
87% of sellers in Surfers Paradise reported that their sale price either exceeded or met their price expectations.

Surfers Paradise stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 188 reviews in Surfers Paradise over the last 12 months.

Local market activity for 1 bedroom units in Surfers Paradise

In the last 12 months, 78 one-bedroom units similar to 11/40 Burra St, have been sold.

This represents a 18% decrease in one-bedroom units sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Surfers Paradise

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Katrina Keegan

Sellers who recommend Katrina Keegan have praised them for being clear communication, local expert, responsive, reliable, supportive, well-prepared and great negotiation

  •   4.9   (536 reviews)
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Max Kenny

Sellers who recommend Max Kenny have praised them for being clear communication, local expert, responsive, honest, reliable, well-prepared and friendly

  •   5   (320 reviews)
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  •  34 Sales in Surfers Paradise
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Jordan Thams

Sellers who recommend Jordan Thams have praised them for being clear communication, local expert, responsive, reliable, honest, well-prepared and great negotiation

  •   4.9   (394 reviews)
  •  31 Reviews in Surfers Paradise
  •  38 Sales in Surfers Paradise
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Martin Pomeroy

Martin Pomeroy is a recommended agent for Surfers Paradise.  They have 22 local sales and collected 13 local reviews across the last 12 months.

  •   5   (49 reviews)
  •  13 Reviews in Surfers Paradise
  •  22 Sales in Surfers Paradise
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