Mortgagee offloads much listed Surfers Paradise apartment

Mortgagee offloads much listed Surfers Paradise apartment
Mortgagee offloads much listed Surfers Paradise apartment

A one bedroom Surfers Paradise, Queensland mortgagee apartment has been sold for $440,000.

The one bedroom one bathroom property came with an asking price of $485,000 following an unsuccessful auction in April.

Andrew Turner of PRD Nationwide marketed the listing.

Situated at 16/1 The Esplanade, the unit is positioned right on the beach with sweeping views.

Set on 79 sqm, the abode is located on the 6th floor and comes with a parking space.

The North facing apartment was last traded for $127,000 in 1998.

Built in 1973, this unit has been listed three other times since its 1998 purchase.

All three times it was listed with an asking price of $575,000. 

It was first listed in 2011, then for just under a year from late 2011 to late 2012. The last time it was listed was for two months starting December 2013.

Mortgagee offloads much listed Surfers Paradise apartment

The median price for a home in Surfers Paradise is $1.27 million, according to CoreLogic, which calculate its annual change in median price over the past 10 years as -0.6%.

Tags: 
Surfers Paradise Mortgagee Sale

Comments

Be the first one to comment on this article
What would you like to say about this project?