{"id":40727,"date":"2022-11-03T10:11:35","date_gmt":"2022-11-02T21:11:35","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=40727"},"modified":"2022-11-03T10:14:45","modified_gmt":"2022-11-02T21:14:45","slug":"smallest-ever-lot-in-the-gold-coast-listed-for-sale","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/smallest-ever-lot-in-the-gold-coast-listed-for-sale\/","title":{"rendered":"Smallest ever lot in the GOLD COAST listed for sale"},"content":{"rendered":"

PHOTO: Gold Coast. FILE<\/strong><\/p>\n

According to realestate.com.au<\/a> an unprecedented sub-division of half the minimum lot size has drawn wide interest from small-scale developers seeking a more affordable entry to one of the Gold Coast<\/a>\u2019s most popular beachside markets.<\/p>\n

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Forget about the Gold Coast! How an Aussie bought a home in Italy for just $1.50<\/a><\/h2>\n<\/header>\n<\/div>\n

The 125sq m block of residential land at\u00a02\/22 Twenty Fourth Ave, Palm Beach\u00a0<\/a>is for sale via an expressions of interest campaign with Jarrard Lemming, of Ray White Burleigh Group.<\/p>\n

Owners Rebecca and Richard Hersel paid $360,000 for the original 405sq m block in 2003.<\/p>\n

The vendors were granted development approval to split the lot in August, and will retain and build their dream home on the larger 280sq m block.<\/p>\n

Conceptual plans by Cesar Taboada Architect for a double-storey three-bedroom house with a roof terrace were submitted to council, while a buyer could pursue a three-level townhouse project on the smaller lot.<\/p>\n

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The sub-division was approved in August<\/strong><\/em><\/p>\n<\/div>\n

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Mr Lemming said the listing presented a prime investment opportunity just 250m from the beach.<\/p>\n

\u201cIt\u2019s the first time anyone has done a sub-division this small in Palm Beach<\/a>, which I think is really exciting because it is going to set a new precedent,\u201d Mr Lemming said.<\/p>\n

\"Gold<\/a><\/div>\n
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Discover the laid-back Gold Coast suburb with double-digit house price growth<\/a><\/h2>\n<\/header>\n<\/div>\n

\u201cThis is an opportunity, firstly to provide more housing, which is especially needed with the growing population on the Gold Coast and particularly in the southern suburbs.<\/p>\n

\u201cBut it also gives people an option to live in such a desirable location for a fraction of the price, whereas if you were trying to buy a newly built house on a 405sq m block it\u2019s going to cost you over $2m,\u201d he said.<\/p>\n

Mr Lemming said he had received interest from local architects and builders as well as interstate investors.<\/p>\n

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MOST POPULAR IN NEW ZEALAND<\/span><\/h3>\n