1413/59 Meron Street, Southport QLD 4215
1413/59 Meron Street, Southport QLD 4215
14th-floor apartment in Regal Residences | 107 m² floor area | fully furnished | ocean and city views
The buying case for this apartment rests on its combination of floor space, view positioning, and furnished presentation. At 107 m², the layout is larger than many newer two-bedroom apartments in Southport, which typically fall below 90 m². The 14th-floor elevation provides a clear sightline advantage over lower-level stock in the same complex, and the furnished offering reduces immediate setup costs for an owner-occupier seeking a lock-and-leave coastal lifestyle. The property suits a buyer prioritising convenience and modern finishes over entry-level pricing, though its appeal is narrower than a standard unfurnished unit.
The main constraint is the price picture, which remains unclear from the visible evidence alone. The guide sits above typical Southport apartment levels, and confidence in its fairness cannot be formed without verifying recent sales of comparable furnished units in the same building or nearby luxury complexes. Body corporate fees and building amenity details are also absent from the available data. One practical opportunity is the potential for rental income if the furnished setup aligns with tenant demand, but this requires a yield assessment against current market rents. The unresolved question is whether the view premium and furnishings justify the asking level relative to similar unfurnished units in the area, which needs to be established before proceeding.
Detailed Independent Property Report prepared by PropCred Analyst team for 1413/59 Meron Street, Southport QLD 4215
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Southport is a key Gold Coast business hub, with demand driven by young professionals and constrained housing supply. House prices have surged (up ~18% annually), with a severe shortage of new stock against strong sales. Units offer more supply and higher yields (~5%), serving as an affordable coastal entry point. Future growth is anchored by the expanding Health & Knowledge Precinct, though house affordability remains a key constraint.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1381m²
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