OFF MARKET

438 Nerang Road
Ashmore QLD 4214

Bedrooms: 7
Bathrooms: 4
Car spaces: 4
Land area: 779m2
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Property Details for 438 Nerang Rd, Ashmore

438 Nerang Rd, Ashmore is a 7 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 779m2. While the property is not currently for sale or for rent, it was last sold in October 2017.

Building Type
Unit
Land Size
779m2
Local Government
Gold Coast City
Lot/Plan
9/RP91590

Last Listing description (December 2017)

Multi Income producing property, (3 separate dwellings).
Carefully considered and developed by the current owner specifically as an investment. The individual homes sit on a large block of 779 m2 and are strategically situated close to the University and the University Hospital. They are very central with great access to M1 Southport and Surfers hubs, this makes the location extremely popular for Tenants who also enjoy being within walking distance to Ashmore Shopping Centre. Public transport is right there.
The 3 free-standing dwellings are fully tenanted with fixed term lease in place..

1 x 5 Bedroom ($450 p/w)
1 x 1 Bedroom + Study ($360 p/w)
1 x 1 Bedroom + Study ($350 p/w)
Gross Income figure of $60,320.
This is a very rare offering in this location. Investors should to seriously consider the upside, all the hard work is being done, having 3 individual income streams (to level cashflow's), the opportunity to liquidate individually in the future, a (Gross) 6% plus return, all for less than 1 million dollars.
Whether it is for your superannuation or your children's future, finding a centrally located multi-income producing situation will always be in demand and therefore valuable.
Please contact us for full information pack.
Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective vendors, purchasers & tenants should make their own enquiries to verify the information contained herein.

Property History for 438 Nerang Rd, Ashmore, QLD 4214

A timeline of how this property has performed in the market
Last Sold
$995,000
13 Oct 2017
Listed for Rent
17 Nov 2013
  • 13 Oct 2017
    Sold for $995,000
  • 18 Jul 2017
    Listed for Sale Not Disclosed
  • 15 Nov 2013
    Listed for Rent - Price not available
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About Ashmore 4214

The size of Ashmore is approximately 6.8 square kilometres. It has 27 parks covering nearly 9.6% of total area. The population of Ashmore in 2011 was 11,586 people. By 2016 the population was 11,875 showing a population growth of 2.5% in the area during that time. The predominant age group in Ashmore is 40-49 years. Households in Ashmore are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ashmore work in a professional occupation. In 2011, 69.1% of the homes in Ashmore were owner-occupied compared with 68.2% in 2016.

Ashmore has 5,558 properties. Over the last 5 years, Houses in Ashmore have seen a 91.39% increase in median value, while Units have seen a 89.33% increase. As at 30 September 2024:

  • The median value for Houses in Ashmore is $1,174,444 while the median value for Units is $603,747.
  • Houses have a median rent of $800 while Units have a median rent of $720.
There are currently 53 properties listed for sale, and 14 properties listed for rent in Ashmore on OnTheHouse. According to CoreLogic's data, 235 properties were sold in the past 12 months in Ashmore.

Suburb Insights for Ashmore 4214

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.