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Off Market

5/10 Monaco St

Surfers Paradise QLD 4217

2
1
1
64 m²
110 m²
Apartment
Last sold for $250,000
Jeff ChessellJeff Chessell, last sold this property on 01 February 2021 after 62 days on market.

Overview

2 bedroom 1 bathroom unit in prize high density residential location

A wonderful set and forget investment, great investor returns, live in or a fantastic weekender for you and your family. All-important two bedrooms on the first and top floor of this strongly built 1965 two storey block of only eight apartments. One back from the corner of the GC Hwy (light rail) and very popular Monaco St where multimillion dollar property sales are not uncommon & the billion dollar plus Jewel Development about 600 mtrs away is this little building with tremendous potential for long term real estate gains. As an investment the holding income is a very healthy 6% gross with the current rent being $325 per week and very low body corporate levies (income and expenditure schedule under). As a set and forget investment good holding income, 6% gross & 809 meters square of flat level High Density Zoned Land meaning perhaps one day a major vertical development of quality units might sit where once there were only 8 on this popularly located site. For the owner occupier and the weekender there is all the above and access to the GC lifestyle either every day or weekends. The lifestyle enhancers include our beach about 700 meters away, the Broadbeach and Surfers entertainment precinct is a walk away. The Star and convention centre about 2 ks and Pacific Fair 2.7 kms down the track. First floor East facing balcony Large light filled living room Well appointed kitchen Two bedrooms Bathroom & laundry Under cover car space Current weekly rent: $325 per week The property is subject to a current lease. Body corporate levies: $2,025 Council rates: $1,851 Water rates: $1,591 Gross annual return: 6% appx Nett annual return: 4% appx

Features

2 bedrooms
1 bathroom
1 carspace
64 m² floor area
110 m² lot size
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Surfers Paradise over the last 12 months, the estimated median property value of 5/10 Monaco St is $890k.

Median value
$890k
Estimated value range
$108k - $2.77m
Median days on market
43
Estimated value trend
9%
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 5/10 Monaco St

2024
Rented
Undisclosed
Leased on 19 Dec 2024 by Harcourts Elevate
2021
Sold
$250,000
Private Sale/Treaty on 01 Feb 2021 by Jeff Chessell, of Asset Property Sales - MIAMI
2019
Rented
Undisclosed
Leased on 09 Dec 2019 by Asset Management Property Group

Happy sellers in Surfers Paradise

86%
86% 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 165 reviews in Surfers Paradise over the last 12 months.

Local market activity for 2 bedroom apartments in Surfers Paradise

In the last 12 months, 410 two-bedroom apartments similar to 5/10 Monaco St, have been sold.

This represents a 35% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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Jordan Thams

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Danny Woolbank

Sellers who recommend Danny Woolbank have praised them for being clear communication, local expert, honest, responsive, trustworthy, dedicated and friendly

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