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5/31 Frank St

Labrador QLD 4215

3
1
1
Apartment
Currently for sale - view listing

Overview

200m to the Broadwater | 3 bed + Garage | Vacant | $49/wk Body Corp

One of the lowest-priced three-bedroom apartments this close to the water anywhere on the Gold Coast. Around 200 metres from Len Fox Park and the Broadwater foreshore via a pedestrian shortcut, this freshly painted, newly carpeted 124m² apartment (99m² internal plus 25m² wrap-around balcony) comes with a separate lock-up garage and body corporate fees of approximately $49 per week. It is vacant now – settle and be in before Christmas. Three-bedroom apartments with this much space, this close to the Broadwater, rarely come up at this price point. Inspect before someone else does. PROPERTY HIGHLIGHTS - Approx. 200m to Len Fox Park and the Broadwater via pedestrian shortcut - 124m² apartment: 99m² internal plus 25m² wrap-around balcony - Separate lock-up garage (approx. 5.5m × 2.6m), in addition to the apartment area - Body corporate approx. $49 per week, among the lowest you will find - Three bedrooms, ceiling fans throughout, built-in robes to main and second - Vacant – immediate occupation, no tenant to wait out - Previously leased at approx. $700 per week – around 5.2% gross on the asking price, with scope to increase - Freshly painted, new carpet, new oven and cooktop - Open-plan living and dining with split-system air conditioning - Bathroom with shower and bath, separate toilet, separate laundry with linen storage ROOM TO LIVE With 99m² inside and a further 25m² of covered balcony, this is a large apartment by any measure, more floor space than many new-build units at nearly twice the price. The open-plan living and dining zone catches the coastal breeze and flows straight onto the wrap-around balcony, and the kitchen offers ample bench space and cabinetry with a new oven and cooktop. All three bedrooms are a good size, each with a ceiling fan, and the main and second bedrooms have built-in wardrobes. A bathroom with separate shower and bath, a separate toilet and a dedicated laundry complete the floor plan. The single lock-up garage adds secure parking and storage on top of everything above. THE BROADWATER ON YOUR DOORSTEP Walk out the door and you are at the water in a couple of minutes – parklands, walking and cycling paths, playgrounds and the Broadwater foreshore. Chirn Park's cafés and restaurants, Australia Fair, Gold Coast University Hospital and Griffith University are all a short drive away. Nearby (approx.): - 200m – Len Fox Park and Broadwater foreshore via pedestrian shortcut - 1.2km – Chirn Park shops, cafés and restaurants - 1.5km – Southport State High School - 2.3km – Australia Fair Shopping Centre - 4.6km – Gold Coast University Hospital - 4.6km – Griffith University Gold Coast OUTGOINGS (APPROX.) - Body corporate: $49 per week - Council rates: $720 per quarter - Water rates: $420 per quarter WHO THIS SUITS First-home buyers and downsizers who want space near the water without a high-rise levy. Investors who want three bedrooms, low holding costs and a vacant unit ready to lease immediately – previously rented at approximately $700 per week, with a current rental appraisal available on request. Anyone who has been priced out of the Broadwater strip and assumed this close to the water was out of reach. Disclaimer: Whilst every effort has been made to ensure the accuracy of these, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these as representations of fact but must instead satisfy themselves by inspection or otherwise.

Features

3 bedrooms
1 bathroom
1 carspace
1 garage space
Apartment

Property history for 5/31 Frank St

2024
Rented
Undisclosed
Leased on 19 Nov 2024 by Invest & Co
2022
Rented
Undisclosed
Leased on 10 Oct 2022 by Invest & Co
2017
Sold
$310,000
Private Sale/Treaty on 08 Apr 2017 by Karli Carter, of COCO Real Estate

Happy sellers in Labrador

92%
92% of sellers in Labrador reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 74 reviews in Labrador over the last 12 months.

Local market activity for 3 bedroom apartments in Labrador

In the last 12 months, 27 three-bedroom apartments similar to 5/31 Frank St, have been sold.

This represents a 46% increase in three-bedroom apartments sales when compared to the previous 12 months.

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