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516/2 Barney Street, Southport QLD 4215

OFFERS FROM $399,000

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$350k - $400k High Confidence Calculated based on strong search observations.

Apartment 1 Bed 1 Bath 1 Car 1000 m²

Listed: 2 days ago

Updated: 13 hours ago

Overview

This elevated apartment, positioned on Level 5, offers an exceptional blend of lifestyle convenience and investment potential in the heart of Southport. With an elevated view across the Broadwater, it provides a rare opportunity to enjoy panoramic water vistas from a private balcony, enriching daily living with a sense of openness and connection to the nearby natural beauty.

Ideal for investors, the property currently yields a substantial rental return of approximately $500 per week, making it a ready income-producing asset from day one. Its low-maintenance nature and secure basement car parking add to the appeal, ensuring ease of living without compromising security or convenience.

Beyond the apartment itself, the location stands out for accessibility and lifestyle. Residents benefit from close proximity to the Broadwater Parklands with its extensive waterfront pathways, swimming areas, and event spaces, perfect for weekend activities and leisurely strolls. The apartment is also nearby to Australia Fair Shopping Centre and well-connected by the G:link light rail, facilitating effortless access to dining, retail, beaches such as Main Beach and Marina Mirage, and major employment hubs including Griffith University and Gold Coast University Hospital.

This apartment suits investors seeking strong returns amidst an appealing coastal locale, as well as future owner-occupiers wanting a foothold in a vibrant Queensland lifestyle precinct. The elevated position within the building enhances its desirability, promising not only beautiful views but an enhanced sense of privacy and tranquility hidden within a bustling urban environment.

Local Market Insights

In Southport, Quiet Listings observed 40 new apartments entering the market over the last 30 days, down from 48 during the previous 30-day period, with an average advertised asking price of $863,825. The property type mix of listed properties is predominantly Apartments at 33%, followed by houses (19%), and units (16%). The most active agency for apartments in the Southport area is currently Ray White, representing 20% of new listings, followed by Coastal Property Agents with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.