1304/9 Norfolk Avenue, Surfers Paradise QLD 4217
1304/9 Norfolk Avenue, Surfers Paradise QLD 4217
NO COMPARABLES | NO SALES HISTORY | LIMITED PUBLIC DATA | SINGLE VALUATION ONLY | UNKNOWN BUILDING DETAILS
The absence of comparable sales and historical ownership data creates significant valuation risk. A single estimated value of $855,000 cannot be relied upon without verified transactions or strata records. Buyers face uncertainty around whether the price demanded aligns with market reality for this specific unit, not just the building. The lack of floor level, aspect, or building amenity information means re-sale liquidity is unclear. This property should only be considered if the buyer is willing to commission a full title search and obtain recent transaction data from the building manager or local council before any offer.
The two-bedroom, two-bathroom configuration is competitively rare in Surfers Paradise for buyers seeking both space and a dedicated home office setup. Parking included adds operational practicality for resident owners. This property best serves an end-user buyer who values floorplan efficiency and is prepared to conduct detailed due diligence independent of limited public data. The core buying case rests entirely on verifying that the unit’s physical condition and strata health justify converting the single valuation into a confirmed market position.
For prospective buyers, the next step is to request a complete sales history from Realty Blue and inspect the strata roll to confirm building maintenance reserves and any special levies, as these directly dictate long-term holding costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 1304/9 Norfolk Avenue, Surfers Paradise QLD 4217
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
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
2
Bathroom
2
Parking
1
Land
78m²
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