Home/Properties/Surfers Paradise/003 & 004/140-144 Ferny Avenue
003 & 004/140-144 Ferny Avenue, Surfers Paradise$695,000
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For Saleapartment

003 & 004/140-144 Ferny Avenue

Surfers Paradise, QLD 4217, Australia
$695,000
2 bed 2 bath

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About this property

What a position and what a fantastic investment or holiday home opportunity! This spacious and stylish dual-let, two-bedroom (1 + studio) ground-floor apartment in 'Sovereign' has been priced to sell. The old cliche says it best: position, position, position. Ideally located at Budds Beach, right next door to the Marriott Hotel, and within easy walking distance to the beach as well as the shops and restaurants of Surfers Paradise, this well-presented unit is in excellent condition. Unique in design, the dual-let configuration provides two income streams. It features a well equipped one-bedroom apartment with a separate bedroom, plus a fully self-contained studio unit next door and all on one title. This is a fantastic investment opportunity. Sovereign on the Gold Coast is a boutique holiday complex with excellent onsite management, making it perfect as a holiday home or investment property. Building features include pools, sauna, spa, and gym facilities. Enjoy the ultimate Gold Coast lifestyle, with Budds Beach just metres away and a short stroll to Surfers Paradise and Main Beach. This apartment is guaranteed to impress - don't delay, as it will not last long at this price. Property Features: Sovereign on the Gold Coast the perfect holiday home Spacious dual let 1 bedroom plus separate studio Air-conditioned throughout Ground floor with sunny aspect and excellent presentation Sold fully furnished North Tower access via Acacia Avenue Body Corporate approx. $2,625 Per Quarter Rental Estimate $45,000 - $50,000 PA (rates, water & body corp fees have not been deducted from this amount) Bob Rollington 0411 427 311 First National Surfers Paradise.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
2
Listed
3 months ago

Repayment calculator

$3,369/month
$1,685 /fortnight
Loan $556,000 at 6.10% over 30 years

Upfront costs

Deposit$139,000
Stamp duty$24,300
Conveyancing (est.)$2,000
Total upfront$165,300
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Surfers Paradise

This 2-bedroom apartment in Surfers Paradise, QLD 4217 sits within reach of public transport, local shops and nearby schools. It is listed 26% below the $940,000 median of 65 comparable apartmentswithin 5 km.

Schools near Surfers Paradise

  • Surfers Paradise State Schoolprimary · Prep-6 · CoEd

What's nearby

  • Surfers Paradise Ferry Terminal (ferry)1.0 km away
  • @ 7 Days1.1 km away
  • Lionel Perry Park1.2 km away
  • Walsh Family Park1.4 km away
  • Neal Shannon Park1.4 km away

Surfers Paradise at a glance

Full suburb profile
Population
26,412
Median age
42
Household income
$1,323/wk
Median rent
$410/wk
Median mortgage
$1,606/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Surfers Paradise price trend

Median sold · Unit 2 bed

Compound growth +11.5% / yr over 4 yrs

$880kcurrent median

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Price history

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1 price change recorded for this property

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