Back 61/132-138 Ferny Avenue
Off Market

61/132-138 Ferny Avenue

Surfers Paradise QLD 4217

1
1
1
Unit
Last sold for $475,000
Caiti BakerCaiti Baker, last sold this property on 17 May 2025 after 46 days on market.

Overview

7.6% Rental Yield - Renovated & Fully Furnished Apartment!

Welcome Home - to this fully furnished 1-bedroom, 1-bathroom unit, primely located in a beautiful resort just moments from the beach & the heart of Surfers Paradise. The Sovereign on the Gold Coast resort is a renovated, well-run, stunning resort with all the amenities you need for leisure & lifestyle. You'll love the massive pool, large hot spa, sauna & gymnasium. The amenities are fresh and welcoming, and there's a delicious restaurant by the pool for breakfast, lunch & dinner! It's just a short, direct walk to Surfers Paradise beach which can be seen from the balcony of your apartment, and a 3 minute walk to the Tram stop with only 2 stops into Cavill Avenue! FOR THE INVESTOR: Currently Rented for $700/week until November 2025. Council Rates: $1,006/quarter Body Corporate (including electricity): $2,107/quarter Water: $411/quarter To absolutely maximise your return on this investment, many owners enjoy the lucrative income from Holiday-Letting or Airbnb with high-demand & low vacancies in this complex! Enjoy happy returns for years to come.. Being SOLD Fully Furnished, jam-packed with value to ensure high-returns for years to come, your new property will include: - a 5-seat lounge set & coffee tables - high-end dining table & 4 dining chairs - boucle queen bed with bedside tables & lamps - a fridge/freezer - kitchen utensils, cutlery, crockery - 2-burner countertop electric cooker - 9-in-1 multicooker - dishwasher - washer/dryer combo - 5-tier book shelf - TV & cabinet - 5-piece outdoor table setting; and - reverse-cycle air conditioning **Please Note: As these apartments are part of a resort, this unit is not accepted as a security type by most lenders - please speak with your mortgage broker or lender to ensure this property is financeable for you** You'll love the space, peace & quiet, with glimpses of the ocean from the balcony. A beautiful spot for winding down of an evening or hosting friends on the weekends! Don't miss out on the opportunity to experience coastal living at its finest! Call Caiti today organise a viewing and secure your slice of Paradise. Information contained on any marketing material, website or other portal should not be relied upon and you should make your own enquiries and seek your own independent advice with respect to any property advertised or the information about the property.

Features

1 bedroom
1 bathroom
1 carspace
1 garage space
Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Surfers Paradise over the last 12 months, the estimated median property value of 61/132-138 Ferny Avenue is $550k.

Median value
$550k
Estimated value range
$200k - $920k
Median days on market
42
Estimated value trend
12%
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 61/132-138 Ferny Avenue

2025
Sold
$475,000
17 May 2025 by Caiti Baker, of Coronis Inner South

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 units in Surfers Paradise

In the last 12 months, 78 one-bedroom units similar to 61/132-138 Ferny Avenue, have been sold.

This represents a 18% decrease in one-bedroom units sales when compared to the previous 12 months.

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