10602/3113 Surfers Paradise Boulevard, Surfers Paradise QLD 4217

2 bed, 2 bath, 1 car | High-rise on Surfers Paradise Blvd | Rented at $995/week | Sold July 2024 for $745k | Estimated ~$859k This apartment presents a clear buying case for an investor seeking immediate, above-median rental yield in a high-demand coastal precinct. The configuration is standard for the building, but the recent sale at $745,000 and current rent of $995 per week produce a gross yield near 7%, which is strong for Surfers Paradise. The property sits within a large complex on the boulevard, offering good transport and 5G connectivity, and is free of flood or bushfire overlays. It serves best a buyer prioritising cash flow over capital growth speculation, particularly one comfortable with the high-density, renter-heavy street profile. The primary risk is valuation uncertainty: the $745k sale may reflect a distressed or discounted transaction, and the estimated $859k value suggests significant variation by floor, aspect, and condition. A buyer must verify whether this unit’s internal condition and view justify the gap. Opportunity lies in the property’s current tenancy at $995/week, which provides immediate income and reduces holding risk. The FTTP NBN and school catchment are supporting, not primary, value drivers.