22 'Sovereign' 132-138 Ferny Avenue

Off Market

22 'Sovereign' 132-138 Ferny Avenue

Surfers Paradise QLD 4217

Apartment

Last sold for $66,000

Katrina Keegan, last sold this property on 13 September 2015 after -5 days on market.

Overview

Huge 98m2 investment only apartment

This spacious and open1 bedroom apartment is the perfect set and forget investment located in the heart of Surfers Paradise close to shops, dining and the beach. All apartments in this building cannot be lived in or permanently rented they must be holiday let by on-site management until current lease expires in approximately 2022. 1 Bedroom, 1 Bathroom apartment Excellent condition recently refurbished Views: Garden Size: 98m2 Floor: 3rd floor in a building of 8 floors Location: Centrally located with the beach, shops and transport all close by this is a very popular complex for tourists. Returns: $17,922 Management fees: $14,882 Council rates and water: $3,561 Body Corporate: $4,441 Facilities: lagoon style pool, spa, sauna, fully equipped gymnasium, games room, onsite restaurant Please note that there is currently a lease agreement in place for approximately 6 more years, meaning that you can't live in, privately rent out the property. Additionally, during this period while under the leaseback, the apartment must be managed by the onsite managers. Call or email us today for your inspection of this stunning apartment and to receive your complimentary 'Facts Pack' as at this price it will not last long.

Features

1 bedroom

1 bathroom

1 carspace

Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Surfers Paradise over the last 12 months, the estimated median property value of 22 'Sovereign' 132-138 Ferny Avenue is $630k.

Median value

$630k

Estimated value range

$190k - $1.93m

Median days on market

Estimated value trend

13%

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 22 'Sovereign' 132-138 Ferny Avenue

2015

Sold

$66,000

Private Sale/Treaty on 13 Sep 2015 by Katrina Keegan, of Coronis Collective

Happy sellers in Surfers Paradise

85%

85% 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 129 reviews in Surfers Paradise over the last 12 months.

Local market activity for 1 bedroom apartments in Surfers Paradise

In the last 12 months, 207 one-bedroom apartments similar to 22 'Sovereign' 132-138 Ferny Avenue, have been sold.

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

Sold

For Sale

For Rent

Interested in selling?

People are reaching out to these agents in Surfers Paradise for a free market appraisal.

Max Kenny

at Ray White Advantage

(332 reviews)

Get a free market appraisal

Katrina Keegan

at Coronis Collective

4.9

(548 reviews)

Get a free market appraisal

Jordan Thams

at Ray White Advantage

4.9

(398 reviews)

Get a free market appraisal

Martin Pomeroy

at McGrath Surfers Paradise

(56 reviews)

Get a free market appraisal

Nearby agents

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

Max Kenny

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

5 (332 reviews)
37 Reviews in Surfers Paradise
35 Sales 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 (548 reviews)
20 Reviews in Surfers Paradise
65 Sales in Surfers Paradise

View profile

Jordan Thams

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