Home/Properties/Mermaid Beach/UNIT 22/38-46 Petrel Avenue
UNIT 22/38-46 Petrel Avenue, Mermaid Beach$785,000
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UNIT 22/38-46 Petrel Avenue

Mermaid Beach, QLD 4218, Australia
$785,000
1 bed 1 bath 1 car

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About this property

To enquire, please email or call 1300 815 051 and enter code 9133 Positioned just 150 metres from the golden sands of Nobby's Beach, this stylish one-bedroom apartment delivers the ultimate coastal lifestyle with unbeatable walk-to-everything convenience. Set within the sought-after Beaches on Wave Street complex, residents enjoy a relaxed, resort-style environment complete with a swimming pool and beautifully landscaped gardens. Perfectly located in the vibrant heart of Nobby's Beach, you can leave the car at home and stroll to an array of popular cafés, restaurants, and boutique shops. Whether you're an investor, downsizer, or lifestyle buyer, this property offers exceptional appeal with strong rental potential and proximity to all major Gold Coast attractions. Inside, the apartment features a functional open-plan layout with air-conditioned living and dining, flowing seamlessly to a generous private balconyideal for enjoying the coastal breeze. The well-appointed kitchen includes electric cooking and a dishwasher, while the bathroom offers a full-size tub and convenient European laundry. Property Features: One-bedroom, first-floor apartment in a resort-style complex Just 150m to the beach and a short stroll to cafés, dining, and shops Light-filled open-plan living and dining with air conditioning Spacious balcony perfect for outdoor relaxation Functional kitchen with electric cooktop and dishwasher Bathroom with bathtub and integrated European laundry Secure basement car space Excellent opportunity to update and add value Ideal as a holiday retreat, permanent residence, or Airbnb investment Only 3 minutes' walk to the new light rail station Approx. 6 minutes to Pacific Fair Shopping Centre and 4 minutes to Miami Marketta A rare opportunity to secure an affordable slice of Gold Coast beachfront living in one of its most desirable lifestyle precincts. Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries. To enquire, please email or call 1300 815 051 and enter code 9133

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Parking
1
Listed
2 months ago

Repayment calculator

$3,806/month
$1,903 /fortnight
Loan $628,000 at 6.10% over 30 years

Upfront costs

Deposit$157,000
Stamp duty$28,350
Conveyancing (est.)$2,000
Total upfront$187,350
Verify with QLD revenue office →
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 Mermaid Beach

This 1-bedroom apartment in Mermaid Beach, QLD 4218 sits within reach of public transport, local shops local amenities. It is listed 58% below the $1.88m median of 65 comparable apartmentswithin 5 km.

What's nearby

  • Nobby Beach Shops (bus)156 m away
  • LOVELOXX Hair & Extensions46 m away
  • Albatross Park294 m away
  • Jim's Reserve332 m away
  • Unnamed361 m away

Mermaid Beach at a glance

Full suburb profile
Population
7,329
Median age
35
Household income
$1,895/wk
Median rent
$460/wk
Median mortgage
$1,820/mo

Source: ABS Census.

Due diligence

Property Report

Crime & Safety

Complete

Total incidents

3,200

Estimated annual (2024-2025)

vs State average

Below average

Recent trend

Stable

Incidents by category

Theft890
Assault320
Malicious damage210
Break and enter180
Motor vehicle theft95

Mermaid Beach is a residential coastal suburb on the Gold Coast with crime rates below the Queensland state average. Property crimes such as theft constitute the majority of incidents, while violent crime remains relatively low. The suburb maintains stable crime conditions typical of established middle-class residential areas in the region.

Source: StMate AI (based on BOCSAR data)06/05/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Mermaid Beach price trend

Median sold · Unit 1 bed

Compound growth +14.1% / yr over 4 yrs

$716kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Mermaid Beach market

This listing

Price history

Price history

Listing price changes

1 price change recorded for this property

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Within 5km

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