248 Pacific Parade Bilinga QLD 4225

4 / 3 / 3 / 478 m2

Here you can find what you need to know about 248 Pacific Parade , including how much it's approximately worth, a history of what it has previously sold for and even the estimated weekly rent. You can also view comparable house and unit for sale and sold prices, information about Bilinga, QLD and much more.

Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225
Property photo of 248 Pacific Parade Bilinga QLD 4225

Property Insights

248 Pacific Parade Estimated Value

$3,000,000 - $3,250,000

About Estimated Values

An automated valuation model estimate (AVM Estimate) is a statistically derived estimate of the sale or rental value (as the context requires) of the subject property. An AVM Estimate is generated (i) by a computer driven mathematical model in reliance on available data; (ii) without the physical inspection of the subject property; (iii) without taking into account market conditions which may, together or separately, affect the value.

An AVM Estimate is current only at the date of publication or supply and must not be relied upon as a professional valuation or an accurate representation of the market sale or rental value of the subject property.

CoreLogic does not warrant the accuracy, currency or completeness of the AVM Estimate and to the full extent permitted by law, CoreLogic excludes all liability for any loss or damage howsoever arising in connection with an AVM Estimate.
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Last sold for $3,100,000 on 03/02/2018

Sale Type: Normal Sale

Mortgage
Repayment
$2,373 pw
This calculation is an estimate of weekly mortgage repayments using the estimated property value and a 20% deposit over a 30 year term. The interest rate applied is the average of the big 4 bank's Standard Variable Rates. This tool is only a guide of what your weekly mortgage repayments might be and does not take into account your personal circumstances such as your borrowing power, the lender's home loan product features, the term of any mortgage and does not include all applicable fees and charges that might be applied if you purchase a property. Your actual weekly mortgage repayments may be different. Before acting on this calculation you should seek professional advice.
Estimated
Rent
Low confidence
Gross
Cashflow
Estimated
Gross Yield
Unavailable
Natural Hazard Risk
Example Only
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Pros & Cons

Things to like
  • Above market cashflow potential
  • Cheaper than comparable properties
  • Low risk of losing value
Things to look out for
  • Slower growth than market average

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the property Cashflow Score

Each property is given a score out of 100 based on one factor relating to the specific property and one factor relating to the suburb in which the property is located in. Each factor has a specific weighting.

A higher score indicates the property has higher than average estimated gross yield and is located in a suburb with similarly high yielding properties.

This property National
Estimated
Gross Yield
Manly, NSW National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the property Capital Growth Score

Each property is given a score out of 100 based on one factor relating to the specific property and three factors relating to the suburb in which the property is located in. Each factor has a specific weighting.

A higher score indicates the property has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

This property National
Change in Property
Value (1 yr)
Manly, NSW National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the property Lower Risk Score

Each property is given a score out of 100 based on two factors relating to the specific property and three factors relating to the suburb in which the property is located in. Each factor has a specific weighting.

A higher score indicates the property has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to command higher rent than average and therefore attract higher income tenants. Furthermore, it is likely to be easier to sell in the future due to strong market health indicators in the suburb it is located in.

This property National
Change in Property
Value (5 yr)
Estimated weekly
rent
Manly, NSW National
Average Days
on Market
Change in Median
Price (5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

About this Property

Details

Bedrooms 4
Bathrooms 3
Car Spaces 3
Land Size 478 m2
Floor Area 240 m2
House Type House
Council Area Gold Coast City - Gold Coast
Year Built 1987
Zone RESIDENTIAL D (GOLD COAST)
Lot/Plan 12/B70829 Bilinga QLD
Property Type House

Last listing description (March 2018)

BEACHFRONT HOUSE in PRIME LOCALE - SUPERB OCEAN VISTAS
Commanding a superb ocean panorama, this beachfront house occupies a prime position with coastal views sweeping to Currumbin Alley Rock, Burleigh Headland and the Surfers Paradise skyline.

A quiet locale so close but yet so far from the hustle and bustle, the multi level design is solid brick with interior features of rich timber and exposed rafters reminiscent of a charming snow chalet from the Rocky Mountains in North America.

Move in and occupy as is or refurbish utilising the good bones to create a modern beachfront residence with your creative flair. Alternatively, you can demolish and build a new home from a blank canvas or redevelop with a luxury villa pair or boutique one per floor apartments**.

The rare corner position provides numerous benefits with only one adjoining beachfront neighbour. Off street parking at the rear of the block ensures main living on the ground level takes full advantage of the preferred north / east ocean aspect.

- 478*sqm beachfront corner block, 14.3*m wide frontage to Pacific Parade
- Fully fenced and secure in ground swimming pool
- House is in original condition, built 1980's circa
- Positioned at northern end of Pacific Parade in cul-de-sac
- Kitchen with large island bench, gas cooking
- Cool sea breezes, short walk to SLSC and safe patrolled beach
- Upper level parents retreat with second living area and kitchen
- Scenic foreshore pathway connects to Rainbow Bay and Kirra cafe precinct
- Low rise height level environment ensures no shadowing on the beach
- Close proximity to Coolangatta CBD, Tugun Village, M1 motorway and airport
- Permanent Rental Market Opinion, $1,100 - $1,250* per week
- GCCC Rates, $3,517.11* (1 July - 31 December 2017)
- Holiday Letting Tariffs - $1,400* p/w (Off Peak), $2,059* p/w (School Holidays),
$2,576* p/w (Events / Easter Rate), $3,500* p/w (Peak Rate), $3,850* p/w (Commonwealth Games)

Redevelopment under the current town plan is classed under Medium Density Residential, Zoned RD6 - 1 bed per 33sqm net site area with the building height up to 15 metres. To satisfy your due diligence, we strongly recommend to call Town Planning at The Gold Coast City Council on 07 5582 8211 or consult a local certified town planner for professional advice.

The property is scheduled to go to auction on Saturday 3 February 2018, On-Site at 10am (if not sold prior)

Disclaimer: This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

** Subject to council approval
* approx

Property Timeline

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Suburb Insights

Bilinga, QLD 4225

No data available Part of: Gold Coast Council

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Demographic data provided
by Australian Bureau of Statistics


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Here you can find everything you need to know about 248 Pacific Parade, including the property sale history and estimated market value as well as insights into Pacific Parade and Bilinga 248 Pacific Parade Bilinga QLD 4225