50 Tallebudgera DrivePalm Beach QLD 4221
Property Details for 50 Tallebudgera Dr, Palm Beach
50 Tallebudgera Dr, Palm Beach is a 8 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 546m2. While the property is not currently for sale or for rent, it was last sold in May 2017.
Last Listing description (June 2021)
The solid, turn-key investment is ready to go, nothing to do and is currently generating $2,010 per week through 4 fully-renovated, 2 bedroom apartments; this a cash generating blue-chip position investment which deserves your full attention.
The apartments are north facing and beautifully presented, with excellent tenants taking great care of their homes, a true asset to the owner and investor alike.
The building was stripped and renovated in November 2017 to include a new roof, kitchens and bathrooms (including stone tops), dishwashers and front-loading washing machines included, flooring, and a common BBQ area with lighting, chairs, gas BBQ, sink with water connected. Each apartment also has a 1 lockup garage and 1 off-street park. It's got many stress-free income-producing years ahead.
50 Talle, situated in Northern Palm Beach, is in what many would call the Perfect Southern Gold Coast location, it's hard to disagree. It is a mere 180 metres to the Gold Coast's premier swimming, paddle boarding, and kayaking area - Tallebudgera Creek - which has been voted Australia's favourite swimming spot. The rolling surf of one of the Gold Coast's most private beaches is only 600 metres, away and a short walk to heart of Burleigh Heads' famed James Street dining precinct and headland; there is always strong demand for these apartments.
50 Tallebudgera Drive presents an outstanding investment opportunity with strong capital growth and flexibility; a far better return than any bank can offer - the perfect scenario!
Apartments:
4 x 2 bedroom, 2 car (1 car garage + 1 car space), 1 bathroom
104m2 total (internal 77m2, balcony 9m2, garage 18m2) = 434m2 total (inc 18m2 common area)
Fully renovated in 2017 to include stone benches and vanity tops, timber look flooring, new kitchens and bathrooms. Each is immaculately presented
Financials:
Projected rental return $2,200 per week
Current Income:
3 x $500 p/w, 1 x $510p/w = $2010p/w or $104,520p/a
Outgoings:
Rates: $4,810
Water: $2,600
Building Insurance: $1,778
Landlord Contents Insurance $1,316
TOTAL $10,504
(No body corporate as all on 1 title)
$94,016p/a after above mentioned outgoings
Building:
Building fully renovated in 2017 (bathrooms, kitchens, laundries, new roof, plus more)
Suspended slab construction, solid brick internal walls
Excellent tenants, very well kept
546 m2 block (30.2m x 18.2m)
Zoned Medium Density Residential RD3 - 1 dwelling per 250 m2 - 9m/2 story Height Limit
Location:
110m to bus stops
180m to Tallebudgera Creek (Australia's favourite swimming spot)
600m to the beach at Tallebudgera Surf Club
800m to bus stops (north/south GC Highway)
2km Burleigh Heads CBD - James St, Burleigh Pavilion
2.5km Palm Beach CBD - Palm Beach Collective
2.9km M1 access - North & South
7km Varsity Lakes Train Station (Direct to Brisbane CBD)
8.5km Broadbeach - Pacific Fair, Casino
9km Gold Coast International Airport
12km Surfers Paradise CBD
Financials:
Projected Rental return $2,200 per week
Current Income:
3 x $500 p/w, 1 x $510p/w = $2010p/w or $104,520p/a
Outgoings:
Rates: $4,810
Water: $2,600
Building Insurance: $1,778
Landlord Contents Insurance $1,316
TOTAL $10,504
(No body corporate as all on 1 title)
$94,016p/a after above mentioned outgoings
*All figures are approximate and to be used as a guide only
This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.
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 50 Tallebudgera Dr, Palm Beach, QLD 4221
- 10 Apr 2021Listed for Sale $2,800,000
- 31 Mar 2020Listed for Sale $2,200,000+
- 17 Jul 2018Listed for Sale CONTACT AGENT
Recent sales nearby
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0About Palm Beach 4221
The size of Palm Beach is approximately 6.3 square kilometres. There are 12 parks, covering nearly 16.0% of the 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 10,711 properties. Over the last 5 years, Houses in Palm Beach have seen a 60.49% increase in median value, while Units have seen a 78.70% increase. As at 30 June 2026:
- The median value for Houses in Palm Beach is $2,120,315 while the median value for Units is $1,225,694.
- Houses have a median rent of $1,150 while Units have a median rent of $825.
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