115 Petrel AvenueMermaid Beach QLD 4218
Property Details for 115 Petrel Ave, Mermaid Beach
115 Petrel Ave, Mermaid Beach is a 4 bedroom, 4 bathroom Unit with 5 parking spaces and was built in 1975. The property has a land size of 405m2. While the property is not currently for sale or for rent, it was last sold in October 2017.
Last Listing description (December 2022)
Nestled between the golden beaches of Mermaid Beach and Nobby's Precinct, sits an exceptional investment opportunity. Underpinned by 405sqm and a street frontage of 12.5m sits an opportunity to own 3 units all separately metered on one title.
The opportunity to rebuild or renovate your dream home in the most sought after suburb in the Gold Coast or the opportunity to develop and create a sound investment which has been proven time and time again in Mermaid Beach. However, don't look past the opportunity to land bank while holding a strong rental income in the meantime.
- Unit 1: 2 Bedroom, 2 bathroom, private pool, expansive kitchen overlooking the entertaining and pool area with an rental appraisal of $800-$850 p/w
- Unit 3: 1 Bedroom, 1 bathroom, open plan living and 2 x private balconies with Northern and West aspects. A rental appraisal of $425-450 p/w
- A total holding income appraisal of $1,725 - $1,825 p/w
- A short walk to the pristine beach of Mermaid beach
- Located a short stroll to well known Nobby's precinct including shops, entertainment and essentials.
We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. * denotes approximate measurements
Property History for 115 Petrel Ave, Mermaid Beach, QLD 4218
- 01 Sep 2022Listed for Sale Contact Agent
- 14 Sep 2018Listed for Rent - Price not available
- 17 Jul 2018Listed for Rent $370 / week
Recent sales nearby
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About Mermaid Beach 4218
The size of Mermaid Beach is approximately 1.5 square kilometres. There are 5 parks, covering nearly 2.0% of the total area. The population of Mermaid Beach in 2016 was 6533 people. By 2021 the population was 7329 showing a population growth of 12.2% in the area during that time. The predominant age group in Mermaid Beach is 20-29 years. Households in Mermaid Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mermaid Beach work in a professional occupation.In 2021, 50.80% of the homes in Mermaid Beach were owner-occupied compared with 43.50% in 2016.
Mermaid Beach has 5,873 properties. Over the last 5 years, Houses in Mermaid Beach have seen a 40.80% increase in median value, while Units have seen a 72.73% increase. As at 31 July 2026:
- The median value for Houses in Mermaid Beach is $2,903,254 while the median value for Units is $1,117,658.
- Houses have a median rent of $1,400 while Units have a median rent of $850.
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