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Back 4/16 Leonard Ave
Off Market

4/16 Leonard Ave

Surfers Paradise QLD 4217

1
1
1
138 m²
Apartment
Last sold for $435,000
Michael O'BrienMichael O'Brien, last sold this property on 24 June 2025 after 6 days on market.

Overview

Investor Goldmine in Surfers Paradise Cash Flow + Future Jackpot

Welcome to Unit 4/16 Leonard Avenue, nestled in the iconic heart of Surfers Paradise a classic 1970s walk-up block that quietly holds a not-so-hidden treasure. 1 Bed | 1 Bath | 1 Car Current Rent: $440pw | Appraised: $480pw This tidy 1-bed, 1-bath, 1-car apartment offers reliable rental income right now, with a tenant in place and returns of $440 per week (with a fresh appraisal at $480pw). That's solid holding income while you sit on a future opportunity that could be worth its weight in gold. Why is this such a big deal? Because this unit sits on a large, flat parcel of land, surrounded by absolute waterfront multi-million dollar homes. Developers will come knocking one day and when they do, they'll need to buy out all 8 owners. And to do that? They'll have to make it worth your while. That's the kind of exit strategy savvy investors dream about: - Consistent cash flow now - Blue-chip suburb - Potential for a future development buyout This isn't just bricks and mortar it's your ticket into one of the Gold Coast's most valuable landholdings, with a big payday potentially waiting at the end. Location Highlights: - Steps to public transport, beaches & nightlife - Quiet street with no through traffic - Rapidly gentrifying pocket of Surfers Paradise

Features

1 bedroom
1 bathroom
1 carspace
138 m² lot size
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 4/16 Leonard Ave is $600k.

Median value
$600k
Estimated value range
$190k - $1.93m
Median days on market
39
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 4/16 Leonard Ave

2025
Sold
$435,000
Private Sale/Treaty on 24 Jun 2025 by Michael O'Brien, of Hendlay Real Estate
2018
Sold
$182,500
Private Sale/Treaty on 18 Sep 2018 by Bob Rollington, of Surfers Paradise First National

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 apartments in Surfers Paradise

In the last 12 months, 249 one-bedroom apartments similar to 4/16 Leonard Ave, have been sold.

This represents a 15% increase in one-bedroom apartments 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   (537 reviews)
  •  37 Reviews in Surfers Paradise
  •  74 Sales in Surfers Paradise
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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)
  •  47 Reviews in Surfers Paradise
  •  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)
  •  30 Reviews in Surfers Paradise
  •  39 Sales in Surfers Paradise
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Martin Pomeroy

Martin Pomeroy is a recommended agent for Surfers Paradise.  They have 24 local sales and collected 13 local reviews across the last 12 months.

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