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Back 2/38 Johnston St
Off Market

2/38 Johnston St

Southport QLD 4215

1
1
1
119 m²
Apartment
Last sold for $480,000
Michael GambaroMichael Gambaro, last sold this property on 25 September 2023 after 33 days on market.

Overview

SOLD - contact agent

SOLD - contact agent Exquisite 119sqm apartment in boutique complex Ideal property for 1st Home Buyers or exceptional investment opportunity for the discerning property investor with a net ROI of 5% approximately This spacious one-bedroom apartment expands over a massive 119sqm and is located in a delightful sandstone complex which is only an 8 minute walk (1200m) to the Southport Broadwater. Currently owner occupied, so the property is ready to move straight in vacant possession or rent out in flourishing rental market. Home Features: * Exceptionally large apartment with entertainment courtyard • Ground floor position on George Street side of the complex • Enormous king-sized Bedroom, Ensuite and Built-in Robes • Spacious living and dining area flowing effortlessly out to the alfresco area • Open plan kitchen overlooking the living areas with ample storage, stone benchtops and all modern appliances • Separate built-in laundry includes a washing machine and dryer • Split system and Reverse cycle air conditioning • Secure underground carparking • Common area entertainment area and BBQ facility at front of the complex • Rental Appraisal $550 to $600 per week approx. * Pet friendly complex * FIRST HOME CONCESSION FOR TRANSFER DUTY ( https://qro.qld.gov.au/duties/transfer-duty/concessions/homes/first-home/ ) Location Features: • Smith Street M1 Access 260m • Broadwater 1200m • Queen Street Village Shops 1000m • Deluxe IGA (Jones & Co Grocer) 1000m • G-Link 1000m • Dendy Cinemas 1000m • St Hildas 800m • Southport State High School 1400m • Gold Coast Aquatic Centre 1200m • Australia Fair Shopping Centre • Woolworths Smith Collective 2200m • Gold Coast Private Hospital 3000m • Gold Coast University Hospital 3200m • Griffith University 3200m Financials: Net ROI of 5% approximately Gold Coast Council Rates: Approx. $ 1,957.92 p.a. Gold Coast Council Water Rates: Approx. $ 1,114.44 p.a. Body Corporate Fees: Approx. $4,181.60 p.a. Contact exclusive listing agent Michael Gambaro for all enquiries on 0450 822 001 Disclaimer All information (including but not limited to the property area, floor size, price, address and general property description) on the Website is provided as a convenience to you, and has been provided to @realty by third parties. In placing the information on the Website, @realty has received the information passed on from third parties. Information contained on the Website should not be relied upon and you should make your own enquiries and seek legal advice in respect of any property on the Website or the information about the property contained on the Website. Property Code: 15

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
119 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Southport over the last 12 months, the estimated median property value of 2/38 Johnston St is $625k.

Median value
$625k
Estimated value range
$467k - $848k
Median days on market
33
Estimated value trend
18%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Southport. 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 2/38 Johnston St

2023
Sold
$480,000
Private Sale/Treaty on 25 Sep 2023 by Michael Gambaro
2018
Sold
Undisclosed
14 May 2018 by Gerald Adam, of PRD Southport
2017
Rented
Undisclosed
Leased on 23 Mar 2017 by PRD Southport

Happy sellers in Southport

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

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

This is based on voluntary sentiment collected from 178 reviews in Southport over the last 12 months.

Local market activity for 1 bedroom apartments in Southport

In the last 12 months, 78 one-bedroom apartments similar to 2/38 Johnston St, have been sold.

This represents a 34% increase in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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Tanja Carson

Tanja Carson is a recommended agent for Southport.  They have 16 local sales and collected 15 local reviews across the last 12 months.

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Georgia Tritton

Georgia Tritton is an award winning recommended agent for Southport.  They have 36 local sales and collected 12 local reviews across the last 12 months.

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Lana Faulkner

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Ben Latimer

Sellers who recommend Ben Latimer have praised them for being clear communication, local expert, responsive, honest, reliable, friendly and pleasant

  •   4.9   (279 reviews)
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