Leburn & Associates

Licensed Real Estate Agents - Main Beach Qld

Cherie Leburn LREA

Principal

+61 418 883 552

cherie@leburn.com.au

Norfolk

Lowest $1,380,000 Median $1,380,000 Highest $1,380,000 SOLD 1 Apartments

Norfolk is a holiday let and residential building at 3534 Main Beach Parade, that sets the scene for ultimate relaxation. Unwind in your extra spacious apartment, take in breathtaking sea views from your private balcony or enjoy a game or two on the full size tennis court. The fabulous cafes, restaurants and shops of Tedder Avenue Main Beach and Cavill Avenue Surfers Paradise are an easy stroll away as are the famous white sandy beaches.

latest sales 2023
Configuration Units Sold
Plan 2 Bed 2 Bath 1 Car 1
LOWEST MEDIAN HIGHEST
$1,380,00 $1,380,000 $1,380,000

*Sales prices obtained from Pricefinder and RP Data

Level LAYOUT Year Built Total Units Total Floors Units per Floor
Plan 1986 51 17 3
 

Norfolk Features

  • Sunny North East aspect
  • Manicured gardens
  • In ground swimming pool & BBQ area
  • Across the road from the Beach
  • Low Body Corporate
  • Boutique building of only 26 apartments
  • Ocean views that you can almost touch
  • Shore line views down to Coolangatta
  • Holiday let, permanently let or live in
  • Security parking for one car
  • On-site managers

Main Beach- June 2022- July 2023 –Market Report

Lowest: $350,000 Median: $1,200,000 Highest: $9,800,000 Apartments Sold:282

Main Beach has 205 units available for sale. The median property price for a unit is currently $1,245,000 with annual capital growth of 8.26%. There were 186 unit sales in the past 12 months. On average, units spend 26 days on the market.
If you’re buying an investment property in Main Beach, consider that rental yields for units are currently 3.22% with an average median rent of $800 weekly. Units have seen 3.75% growth in the past quarter, and 8.26% growth in the past 12 months.
The size of Main Beach is approximately 3.1 square kilometers. It has 5 parks covering nearly 46.3% of the total area. The population of Main Beach in 2011 was 3,495 people. By 2016 the population was 3,864 showing a population growth of 10.6% in the area during that time. The predominant age group in Main Beach is 60-69 years.
Households in Main Beach are primarily childless couples and are likely to be repaying $1800 – $2399 per month on mortgage repayments. In general, people in Main Beach work in a professional occupation. In 2011, 53.7% of the homes in Main Beach were owner-occupied compared with 55.1% in 20 –https://www.yourinvestmentpropertymag.com.au.

Main Beach Suburb: Main Beach is a boutique suburb favoured by the affluent and it is the pinnacle of cafe society on the Gold Coast. There is a sense of community in this suburb, everyone stops to say hello and the restaurateurs and boutique owners quickly become friends.
The center of Main Beach is Tedder Avenue. The street is lined with upmarket boutiques and some of the Gold Coast’s best restaurants and bars. Around the area are also the Southport Yacht Club and the 6-star Palazzo Versace hotel (plus many more accommodation types). Don’t let that discourage you though as it’s still a friendly and relaxed beachside suburb.
The suburb is bordered by the Ocean to the east, the Broadwater to the north, and the Nerang River to the south. Due to its desirability prices are high and demand certainly outweighs supply. On the beach side of the suburb, there are holiday and residential high rises, villas, townhouses, older three-story walk-ups, and a few free-standing houses.
The Broadwater side is full of older homes dating back to the 1950s which have usually been kept safely in the family since they were built. These homes are all starting to undergo renovations and the results are exciting. There are also newer villas and townhouses – this area is strictly no high rises.