2/224 Cypress Terrace, Palm Beach, QLD 4221 | Property Value & History | OnTheHouse
OFF MARKET

2/224 Cypress Terrace
Palm Beach QLD 4221

Bedrooms: 5
Bathrooms: 1
Car spaces: 2
Floor area: 189m2
Land area: 247m2
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Property Details for 2/224 Cypress Tce, Palm Beach

2/224 Cypress Tce, Palm Beach is a 5 bedroom, 1 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 247m2 and floor size of 189m2. While the property is not currently for sale or for rent, it was last sold in May 2020.

Building Type
House
Year Built
1965
Floor Size
189m2
Land Size
247m2
Local Government
Gold Coast City
Lot/Plan
2/SP301525

Last Listing description (July 2020)

We have just listed this sensational 2 storey renovator home, in central Palm Beach, first floor, 3 bedrooms, bathroom, open plan living family, dining and retro original kitchen.

Additional high ceilings, ground floor, 2 bedrooms, 1 bathroom, kitchen, living fully self contained flat. Great investment opportunity with estimated rental return at $920 per week.

The dual living homes are situated on an awesome duplex block of land, approx 250 metres to the beach, homes and sites in this prime central location don't often become available for sale.

Walk to the heart of Palm Beach CBD, to the local Palmy Surf Club and a very short stroll to all the shops in town!

- 5 bedrooms
- 2 bathrooms
- Potential rent return $920 per week
- Land bank opportunity
- Beach around the corner
- Investment opportunity
- Double lock-up garage

Palm Beach is only 10 minutes to the Gold Coast International Airport and is one of the closest beachside suburbs to the M1 motorway. You will love this position being in between Currumbin Alley (a famous surf break) and Tallebudgera Creek. We have some of the cleanest beaches in South East Queensland, Palm Beach offers luxurious sun, sand and surf the ultimate lifestyle.

Leave the car at home. Walk to the new Coles Supermarket, cafes, restaurants, banks, doctors, hairdressers, butchers, the bakery, Palm Beach Surf Club and so much more you can walk to everything.

Contact the exclusive agent Mark Jensen 0410 439 950 today, as property like this, will NOT last long!

* Please note all inspections will be held in accordance with the Chief Medical Officers advice and Covid-19 social distancing rules including limiting the number of people inside the house at any one time. Please respect this advice and be patient as we try to assist you.

Disclaimer:
All information (including but not limited to the property area, floor size, price, address and general property description) is provided as a convenience to you, and has been provided to LJ Hooker by third parties. LJ Hooker is unable to definitively confirm whether the information listed is correct or 100% accurate. LJ Hooker does not accept any liability (direct or indirect) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits or savings, arising out of or in any way connected with the use of any information, or any error, omission or defect in the information, contained on the Website. Information contained on the Website should not be relied upon and you should make your own enquiries and seek legal advice in respect of any property on the Website. Prices displayed on the Website are current at the time of issue, but may change.

Property History for 2/224 Cypress Tce, Palm Beach, QLD 4221

A timeline of how this property has performed in the market
Last Sold
$960,000
23 May 2020
  • 23 May 2020
    Sold for $960,000
  • 20 May 2020
    Listed for Sale Offers Over $939,000
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About Palm Beach 4221

The size of Palm Beach is approximately 6.3 square kilometres. It has 12 parks covering nearly 16.0% of total area. The population of Palm Beach in 2016 was 14654 people. By 2021 the population was 16349 showing a population growth of 11.6% in the area during that time. The predominant age group in Palm Beach is 30-39 years. Households in Palm Beach are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palm Beach work in a professional occupation.In 2021, 60.60% of the homes in Palm Beach were owner-occupied compared with 55.20% in 2016.

Palm Beach has 10,625 properties. Over the last 5 years, Houses in Palm Beach have seen a 95.91% increase in median value, while Units have seen a 113.42% increase. As at 31 December 2025:

  • The median value for Houses in Palm Beach is $2,048,752 while the median value for Units is $1,194,598.
  • Houses have a median rent of $920 while Units have a median rent of $820.
There are currently 82 properties listed for sale, and 31 properties listed for rent in Palm beach on OnTheHouse. According to Cotality's data, 534 properties were sold in the past 12 months in Palm beach.

Suburb Insights for Palm Beach 4221

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.