5/39 Old Burleigh Road Surfers Paradise QLD 4217

East-facing ocean view | Updated interiors | Opposite beach | 1986 block with parking This property offers a rare combination of immediate beachfront positioning and recent interior updates, making it competitively strong for buyers seeking a low-maintenance coastal residence or holiday holding. The east-facing balcony with ocean views, modern kitchen, and new carpet remove the need for immediate capital outlay, while the separate toilet and laundry add practical daily value. It serves best as a lock-and-leave apartment for owner-occupiers wanting direct beach access, or as a high-yield rental given the Surfers Paradise median yield of 4.3–4.5% and the unit’s weekly rent of $900. The primary risk is the 1986 building age, which may introduce future body corporate levies or maintenance costs that a newer block would not. The 2017 purchase price of $357,000 reflects a significant value uplift, and the current estimate range of $840,000–$920,000 suggests the market has already priced in the renovation and location premium. For a buyer, this means limited short-term capital growth but stable rental income. The property should be held as a medium-term income-producing unit, with the option to refinance after three to five years if the suburb’s 9.6% growth trend continues.