7/55 Duet DriveMermaid Waters QLD 4218
Property Details for 7/55 Duet Dr, Mermaid Waters
7/55 Duet Dr, Mermaid Waters is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1983. The property has a land size of 1216m2 and floor size of 80m2. While the property is not currently for sale or for rent, it was last sold in December 2021.
Last Listing description (February 2022)
Wanting a tranquil place to retire and to still be in the heart of the action and walking distance to the shopping centre? or looking to take your first step into the vibrant Mermaid Waters market or maybe looking for a great long term investment, then this newly renovated 2 bedroom, 2 bathroom, single lock-up garage apartment on the ground floor situated in this tranquil little apartment complex just a stone's throw from Pacific Fair could be yours!
This new high-end renovation just completed presents as new with a well set out floorplan, lovely pristine gardens and a maintenance free lifestyle and you can be in there for Christmas.
Huge chef's entertainers kitchen for socialising while cooking for guests or family. With soft close cabinetry and an island breakfast bench opening into dining and living. The living area opens out through glass sliding doors to your own private balcony.
2 good sized bedrooms with the master having new fully tiled renovated ensuite. The renovated main bathroom is also fully tiled and tastefully done making this a turnkey investment or just move in with nothing to do but enjoy the sparkling pool and grassed BBQ area in the lush gardens.
Potential tenants are waiting to move in at $600 per week. Returning approx. 5%. If you are wanting a higher yield then, this is the perfect location for Air B&B all year round with a potential yield of up to 10% plus.
If you are looking for an instant return or want the lifestyle to enjoy the QLD summer. Sit around the pool with friends or walk up to the beach, stop for your morning coffee at one of the beach side cafes all within an easy stroll.
With the next stage of the light rail due to start, the buzz around the Mermaid area is exciting all residents, purchasers, investors, developers, and industry leaders alike with property selling quickly.
As an investment this location is one of the highest performing areas on the Gold Coast and is second to none for growth, with the 4th largest shopping centre in QLD (Pacific Fair), The Star Casino, The Gold Coast Convention Centre, The Gold Coast Library and some of the best restaurants on the coast along with the vibrant night life of Broadbeach, you can keep the car in one of your lock up garages.
Just approx. a 20-minute walk up to the beach you have all the conveniences of the Gold Coast lifestyle at your beck and call.
Please call for private inspection.
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.
Property History for 7/55 Duet Dr, Mermaid Waters, QLD 4218
- 17 Dec 2021Sold for $587,000
- 18 Oct 2021Listed for Sale Offers Over $590,000
- 29 Sep 2021Listed for Rent $600 / week
Recent sales nearby
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0About Mermaid Waters 4218
The size of Mermaid Waters is approximately 7.1 square kilometres. There are 23 parks, covering nearly 7.3% of the total area. The population of Mermaid Waters in 2016 was 12045 people. By 2021 the population was 13088 showing a population growth of 8.7% in the area during that time. The predominant age group in Mermaid Waters is 30-39 years. Households in Mermaid Waters are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mermaid Waters work in a professional occupation.In 2021, 68.60% of the homes in Mermaid Waters were owner-occupied compared with 66.10% in 2016.
Mermaid Waters has 6,214 properties. Over the last 5 years, Houses in Mermaid Waters have seen a 65.96% increase in median value, while Units have seen a 81.74% increase. As at 30 June 2026:
- The median value for Houses in Mermaid Waters is $2,206,438 while the median value for Units is $977,354.
- Houses have a median rent of $1,400 while Units have a median rent of $830.
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