10805/36 Old Burleigh Road, Surfers Paradise QLD 4217
10805/36 Old Burleigh Road, Surfers Paradise QLD 4217
1 bed | 85m² | 1.13ha land | Jewel Residences | premium coastal hold | $1m+ entry
What makes this unit competitively rare is its unusual land holding—a 1.13-hectare residential parcel beneath a single tower, which is almost unheard of for a one-bedroom apartment in Surfers Paradise. The 85-square-metre internal size is generous for a one-bedder, and the amenity package—ducted cooling and heating, floorboards, built-in robes, dishwasher, intercom, secure parking, furnished status, balcony, outdoor entertainment, in-ground pool, and gym—positions it as a premium product rather than standard stock. It is best suited to owner-occupiers seeking low-maintenance coastal living with genuine space, or downsizers wanting a turnkey residence with strong building credentials. The association with Jewel Private Residences adds a layer of prestige that typical high-rise units in the suburb lack.
Several factors may influence how this property is valued. The April 2023 sale at roughly $1.07 million is a known transaction, but current market signals suggest a price closer to $1.3 million or higher, which reflects both capital growth and the scarcity of this configuration. The rental estimate of $1,000 to $1,200 per week implies a gross yield between 4.9 and 5.8 percent, which is reasonable for a premium apartment but not exceptional—so an investor should weigh yield against capital appreciation potential. The lack of a verified build year means the buyer should confirm construction quality and any sinking fund obligations, as these can affect holding costs in a strata scheme of this scale. School catchments are Surfers Paradise State School and Merrimac State High School, which are adequate but not elite, so families prioritising education may need to factor in private schooling costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 10805/36 Old Burleigh Road, Surfers Paradise QLD 4217
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Surfers Paradise is undergoing a significant transformation, positioning itself as a resurgence destination driven by major infrastructure projects and the 2032 Olympics tailwind. Demand is underpinned by a persistent undersupply of homes and attracts both lifestyle-seeking families and strategic investors. Recent house price growth of 4.0% reflects this momentum, supported by a tight 1.2% vacancy rate. While a reputation shift is underway, the key risk is an easing of growth following several strong years, though no major correction is forecast.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
1.13 ha
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