5/23 Fifteenth AvenuePalm Beach QLD 4221
Property Details for 5/23 Fifteenth Ave, Palm Beach
5/23 Fifteenth Ave, Palm Beach is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 362m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in April 2022.
Last Listing description (November 2024)
Situated on the second floor of a corner block complex (Margaret Mews) with only 8 apartments, this 2 bedroom 2 Bathroom apartment presents great value to an owner occupier looking to renovate and create their dream home, or an investor looking to get into the hot Palm Beach market.
If you have always wanted to renovate your own apartment and live somewhere that's walking distance to the beach, I definitely recommend you to come and have a look at this property. Also, not only will you be close to the beachColes, the chemist, the local cafe and bar is only a 2 minute drive down the road. Another positive factor about this particular apartment is that it comes with 2 car parks (tandem), which is very rare these days for a 2 bedroom apartment.
To all the investors, I'm sure you have already done your research and know that southern Gold Coast, especially suburbs such as Burleigh Heads and Palm Beach are currently one of the most sought after places to live. If YOU think the location is extremely convenient and popular, then surely other people will think the same right? Meaning you will not be waiting weeks and months to find a tenant when renting it out, especially in the current market where there is an extreme shortage of rental properties available.
I could keep writing about how much of a fantastic opportunity this property is, but I rather you come and see for yourself. See you at the inspection!
Body Corporate / Strata Fees: Approx. $47/week
Council & Water Rates: Approx. $60/week
Permanent Rental Returns: Approx. $580 - $600/week
Please feel free to contact me anytime, if you wish to inspect the property or would like more information.
Disclaimer: We have 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.
Property History for 5/23 Fifteenth Ave, Palm Beach, QLD 4221
- 19 Apr 2022Sold for $640,000
- 12 Apr 2022Listed for Sale Offers Over $600,000
- 13 Dec 2008Listed for Rent - Price not available
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0About 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 10,641 properties. Over the last 5 years, Houses in Palm Beach have seen a 76.19% increase in median value, while Units have seen a 97.62% increase. As at 28 February 2026:
- The median value for Houses in Palm Beach is $2,008,829 while the median value for Units is $1,209,047.
- Houses have a median rent of $950 while Units have a median rent of $800.
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