Hollywell, the often overlooked Central North Gold Coast suburb: HTW

Hollywell is often overlooked in property searches due to its size and the well known surrounding suburbs, according to a recent Herron Todd White (HTW) residential report.

It is a small suburb located just below Paradise Point and just above Runaway Bay on the Gold Coast, Queensland.

It features canal front properties with bridge free broadwater access to a number of sites, as well as broadwater views.

"Whilst the suburb does lack quality shopping facilities, restaurants and cafes, it is within walking distance to suburbs that offer these," the valuation firm said. 

"Furthermore, public transport is readily accessible and runs straight through the middle of the suburb."

Price points within the suburb do range as the property mix comprises units, dry block houses and canal front houses.

"Over the past six months we have seen entry level two-bedroom, two-bathroom units being acquired for just under $400,000, dry block houses selling upwards from $525,000 and canal front properties with bridge free broadwater access from $900,000," the report said.

There was a recent $900,000 sale.

A circa 1980 five bedroom brick house at 361 Bay View Street, Hollywell was sold for $900,000 (pictured above). 

The house features updated kitchen with timber floors, solar panels, concrete boat ramp, pontoon jetty and swimming pool.

Other highlights include north-east facing, 18 metre canal frontage with bridge free broadwater access, and 725 square metre land area. 

The property is positioned on a local thoroughfare road that runs through Hollywell, which is a detracting factor.

The property was on the market for 64 days and original asking price was $1.15 million.