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Back 8/107 Hedges Avenue
Off Market

8/107 Hedges Avenue

Mermaid Beach QLD 4218

2
1
1
Unit
Last sold for $1,200,000
Luke HendersonLuke Henderson, last sold this property on 03 May 2022 after 54 days on market.

Overview

Golden Opportunity on Prestigious Hedges Avenue - Buy Beachfront At A Fraction Of The Price

A rare opportunity to secure a unit in an older style absolute beachfront Hedges Avenue building. This prime positioned tightly held block, boasting one of Queensland's most esteemed addresses, 'Millionaire's Row' Hedges Avenue is not to be missed. Set on the top floor of this two storey walk up building, this spacious apartment offers two bedrooms, open plan living and balcony with a north east aspect and glistening ocean views. Only 8 units occupy the tightly held block, positioned on an irreplaceable 769m2 of beachfront land with direct access onto the golden sands of Mermaid Beach and fantastic potential for future redevelopment (STCA). Currently rented to a good tenant, you can just sit back and watch what possibly could be your greatest ever investment maximise its value over time. Live, dine and play in the Gold Coast's hottest and most sought after location. Enjoy daily strolls along the picturesque beaches, catch up with friends over a cool drink and meal at one of the many stylish bars and restaurants at your fingertips. This sought after position also offers close proximity to world class shopping at Pacific Fair, Star Casino and the Broadbeach entertainment precinct, all within a few minutes' drive plus the added convenience of stage 3 of the G-Link due for completion over the coming years. Features: - Fantastic investment or lifestyle opportunity - Top floor 2 bedroom, 1 bathroom unit - North east aspect with ocean views - Under cover car space plus storage room - Highly sought after address adjoining multi million dollar homes on Hedges Avenue - Tightly held building of only 8 units, set on 769m2 of beachfront land with fantastic future redevelopment potential (STCA) - Direct access onto the beach and into the surf - Close to cafes, restaurants and shops, positioned opposite St Johns Park Rental income: Currently tenanted at $480 per week until 6th October 2022 (Please note owner occupiers cannot move into the property until after this date) Council Rates: $6,762.70 per annum (approx.) Water Rates: $1,451 per annum (approx. - variable upon consumption) Body Corporate fees: $71 per week (approx.) Contact Luke Henderson or Matt Maguire for a copy of the information pack or to register your interest today! Potential buyers should make their own inspections and enquiries and seek their own independent legal advice before signing a contract of sale, to satisfy themselves that all details relating to the property are correct. Potential buyers should make their own inspections and enquiries and seek their own independent legal advice before signing a contract of sale, to satisfy themselves that all details relating to the property are correct.

Features

2 bedrooms
1 bathroom
1 carspace
1 garage space
Unit

Estimated Value

Based on this property and similar 2 bedroom units sold in Mermaid Beach over the last 12 months, the estimated median property value of 8/107 Hedges Avenue is $942.5k.

Median value
$942.5k
Estimated value range
$735k - $1.46m
Median days on market
33
Estimated value trend
16%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Mermaid Beach. 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 8/107 Hedges Avenue

2024
Rented
Undisclosed
Leased on 28 Jul 2024 by LJ Hooker Southern Gold Coast
2022
Rented
Undisclosed
Leased on 06 Oct 2022 by LJ Hooker Southern Gold Coast
2022
Sold
$1,200,000
03 May 2022 by Luke Henderson, of John Henderson Real Estate

Happy sellers in Mermaid Beach

91%
91% of sellers in Mermaid Beach reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 61 reviews in Mermaid Beach over the last 12 months.

Local market activity for 2 bedroom units in Mermaid Beach

In the last 12 months, 41 two-bedroom units similar to 8/107 Hedges Avenue, have been sold.

This represents a 33% increase in two-bedroom units 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 Mermaid Beach

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Trent Hones

Trent Hones is an award winning recommended agent for Mermaid Beach.  They have 25 local sales and collected 19 local reviews across the last 12 months.

  •   5   (121 reviews)
  •  19 Reviews in Mermaid Beach
  •  25 Sales in Mermaid Beach
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Guy Powell

Sellers who recommend Guy Powell have praised them for being clear communication, local expert, friendly, honest, responsive, supportive and easy to work with

  •   5   (317 reviews)
  •  9 Reviews in Mermaid Beach
  •  8 Sales in Mermaid Beach
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Gypsea Youngsmith

Gypsea Youngsmith is a recommended agent for Mermaid Beach.  They have 3 local sales and collected 6 local reviews across the last 12 months.

  •   5   (32 reviews)
  •  6 Reviews in Mermaid Beach
  •  3 Sales in Mermaid Beach
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Paulette Koriacos

Paulette Koriacos is a recommended agent for Mermaid Beach.  They have 5 local sales and collected 5 local reviews across the last 12 months.

  •   5   (33 reviews)
  •  5 Reviews in Mermaid Beach
  •  5 Sales in Mermaid Beach
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