12/3-5 Anembo Street, Surfers Paradise QLD 4217
12/3-5 Anembo Street, Surfers Paradise QLD 4217
1-bedroom flat in Florentino | 40sqm on Chevron Island | post-renovation move-in ready | strong recent unit sales growth in building
This property is a competitively positioned entry-level unit in a building with demonstrated capital growth, where recent sales show annual gains of 10 to 22 percent. The renovation with fresh paint and new flooring removes immediate maintenance costs, and the 40-square-metre footprint with a balcony suits a single professional or investor targeting the Gold Coast rental market. The NBN and 5G connectivity add practical appeal for remote workers.
The flood overlay is the primary risk, requiring assessment and potentially affecting insurance costs and resale liquidity. The small size limits appeal to couples or families, and the 36 percent short-tenure occupancy suggests higher turnover in the building. For an investor, the $555 weekly rent supports a reasonable yield, but the buyer should hold for at least five years to offset transaction costs and benefit from the area’s long-term demand.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/3-5 Anembo Street, Surfers Paradise QLD 4217
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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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
562m²
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