38/3576 Main Beach Parade, Main Beach QLD 4217
38/3576 Main Beach Parade, Main Beach QLD 4217
2 bed 2 bath | 1982 build | Main Beach Parade | shared 2782m² lot | sold August 2024 for $1.1M
This unit offers a rare combination of a generous shared land holding and a prime Main Beach address, which is not common in newer developments where land is often minimal. Built in 1982, it represents older stock that typically provides more spacious layouts and solid construction compared to modern apartments. The location is its strongest feature, placing the buyer within walking distance to the beach, Tedder Avenue, and Surfers Paradise amenities, making it ideal for investors seeking strong rental demand or families wanting affordable beachside living without compromising on access. The secure basement parking adds practical value in this high-demand area.
The property’s age may influence its condition, with potential for dated fixtures and finishes that could require updating to match modern expectations. The floor level is not confirmed, which might affect views and natural light, potentially limiting its appeal compared to higher-floor units in the same complex. The shared lot strata arrangement could involve complex management and maintenance costs, which a buyer should weigh carefully. These factors may impact resale value but also present an opportunity for renovation upside if purchased at the right price.
Detailed Independent Property Report prepared by PropCred Analyst team for 38/3576 Main Beach Parade, Main Beach QLD 4217
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Main Beach is a high-value coastal suburb undergoing significant redevelopment, attracting professionals and high-net-worth buyers seeking a permanent, resort-style lifestyle. Demand is driven by its dining scene, proximity to Surfers Paradise, and a structural shift towards a permanent population hub, supported by major infrastructure like the upcoming light rail. While the unit market shows steady growth, the house segment has experienced notable volatility. Future growth is linked to ongoing marina redevelopment and pre-Olympics spending, though the market remains sensitive to broader economic conditions and interest rate movements.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
2782m²
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