701/8 Waverley Street, Southport QLD 4215
701/8 Waverley Street, Southport QLD 4215
3 bed 3 bath 2 car | 126m2 internal | premium apartment stock | owner occupier and downsizer appeal | central Southport location
This is a larger than average apartment for Southport, with three bedrooms, three bathrooms and two car spaces across 126 square metres of internal area. That configuration is rare in the local unit market, where most stock is smaller and offers less parking. The property sits in a well positioned part of Southport, close to the Broadwater, retail and transport, which gives it strong appeal for owner occupiers and downsizers looking for space without a house. The estimated value range around 1.3 to 1.5 million dollars reflects that scarcity and positions it above the typical unit in the suburb. It is the kind of property that holds demand because it competes more with townhouses than with standard apartments.
The last recorded sale was in June 2020 for 737,500 dollars, and the growth since then is significant, but that alone does not set today’s price. What may matter more is the building’s age, floor level and aspect, none of which are confirmed from available data, and those details can shift value meaningfully in a premium apartment. The strata fees and building management quality are also unknown, and for a property at this price point, those costs and the sinking fund position should be reviewed carefully. A buyer would want to see the exact floor plan and understand how the space is used, because 126 square metres can feel very different depending on layout and balcony inclusion.
Detailed Independent Property Report prepared by PropCred Analyst team for 701/8 Waverley Street, Southport QLD 4215
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
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
3
Bathroom
3
Parking
2
Land
1898m²
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