48/53 Darrambal Street, Surfers Paradise QLD 4217
48/53 Darrambal Street, Surfers Paradise QLD 4217
3-bed apartment on Chevron Island | prior sale at $970k in 2022 | larger than typical local stock | limited verified feature detail
This unit at 48/53 Darrambal Street offers a notably spacious configuration for the Surfers Paradise and Chevron Island area, where smaller one- and two-bedroom apartments are far more common. The three-bedroom, two-bathroom, two-car layout makes it a strong fit for owner-occupiers seeking room to live without moving to a house, or for investors targeting the premium end of the rental market where families and professionals often pay a premium for extra space. The prior sale at $970,000 in August 2022 provides a recent transactional benchmark, though the property’s true competitive strength depends on finishes, floor level, and aspect, none of which are confirmed in available records.
Several factors may influence the value and eventual sale price of this unit. The building’s age, its amenity set, and the specific floor level could materially affect both desirability and market position, as older buildings without lifts or modern facilities typically trade at a discount. The outlook and aspect are also critical in this dense coastal suburb, where river views or northern light can command a significant premium, while a poor aspect may limit appeal. Buyers should weigh these unknowns carefully against the $970,000 benchmark, as the property’s ultimate worth hinges on details not yet visible from public data.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 48/53 Darrambal Street, Surfers Paradise QLD 4217
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.