3/17 Frederick Street, Surfers Paradise QLD 4217

Ground floor | fully renovated | 100m to beach | small complex of 9 | balcony over pool The buying case here is driven by scarcity and finish. A fully renovated ground-floor unit in a nine-apartment complex, with a balcony overlooking the pool and direct beach access, is a rare configuration in Surfers Paradise. That combination—small complex, turnkey condition, and walkability to light rail, dining, and the beach—positions this property strongly for owner-occupiers who prioritise lifestyle and low maintenance. The recent sale of a less renovated unit in the same building at $535,000 confirms the premium for this unit’s condition and position is real, not inflated. It suits a buyer who values privacy, convenience, and a lock-and-leave beachside base. The risk is the yield. At a likely rental of $520–$550 per week, gross return sits around 3.4%, which is modest for a one-bedroom in this market. Body corporate fees near $105 per week also compress net income. The opportunity lies in owner-occupier demand: this property is better held as a primary residence or a holiday pied-à-terre than as a pure investment. Any buyer should verify strata fund health and whether the renovation included waterproofing and electrical, given the ground-floor exposure. Hold it for lifestyle, not yield.