OFF MARKET

1/8 Martin Street
Nerang QLD 4211

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 95m2
Land area: 48m2
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Last updated 16 Sep 2024
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Property Details for 1/8 Martin St, Nerang

1/8 Martin St, Nerang is a 3 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1985. The property has a land size of 48m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in September 2020.

Building Type
Townhouse
Year Built
1985
Floor Size
95m2
Land Size
48m2
Local Government
Gold Coast City
Lot/Plan
1/BUP5934

Last Listing description (October 2020)

Summer is teasing us and here is a 3 bed townhouse (or 2 bed + study), with a renovated kitchen and bathroom, which is ideal for first home buyers, investors and clever buyers, which sits a complex of only four, with very low body corporate fees ($16 per week), a huge outdoor entertaining area and has its own private swimming pool. Need I say more? I'll let the pictures do the rest of the talking here.

Close to schools, shops, 15 minutes to Broadbeach, Metricon Stadium and the motorway, the position is the icing on the cake.

HIGHLIGHTS:

First townhouse in the complex

Private swimming pool

Huge outdoor area with fire pit and undercover entertaining

Only 4 townhouses in the complex

3 bedrooms (or 2 bed + study)

Renovated kitchen

Solar hot water

High rental yield and low body corporate fee of $16 per week

Cathedral ceilings upstairs

Close to shops, schools, restaurants, the M1 and the hinterland

New fans

Landscaped garden

Freshly painted

Room to improve if you like to renovate

BEDROOMS: - Master bedroom, as well bedrooms 2 and 3 with built in robes. Cathedral ceilings upstairs.

OUTDOORS: - Huge undercover entertaining area with access to garage, as well as the fire pit area, landscaped garden and private swimming pool.

BATHROOMS - Bathroom is upstairs with shower, vanity, bath and toilet

KITCHEN: - Renovated kitchen with plenty of storage

LIVING: - Spacious living which flows from both the outdoor and kitchen

POTENTIAL INCOME:

$ 395- $435 per week for the whole townhouse

OUTGOINGS:

Body corporate: $16 per week

Water rates: $450 per quarter (approx.)

Council rates: $750 per quarter (approx.)

DISTANCES:

Bus Stop - 150 m

Local Shopping Centre - 300 m
Major Shopping Centre - 1.6 km

Primary School - 800 m
High School - 2.3 km
Parkland - 60 m

Highway - 800 m
Train Station - 3.1 km
Beach - 11.5 km

Hospital - 7.9 km

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Property History for 1/8 Martin St, Nerang, QLD 4211

A timeline of how this property has performed in the market
Last Sold
$377,000
07 Sep 2020
Listed for Rent
$415/w
10 May 2018
  • 07 Sep 2020
    Sold for $377,000
  • 03 Sep 2020
    Listed for Sale UNDER CONTRACT
  • 05 May 2018
    Sold for $347,000
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About Nerang 4211

The size of Nerang is approximately 35.9 square kilometres. It has 49 parks covering nearly 53.6% of total area. The population of Nerang in 2011 was 16,256 people. By 2016 the population was 16,872 showing a population growth of 3.8% in the area during that time. The predominant age group in Nerang is 40-49 years. Households in Nerang are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nerang work in a trades occupation. In 2011, 60% of the homes in Nerang were owner-occupied compared with 58% in 2016.

Nerang has 7,591 properties. Over the last 5 years, Houses in Nerang have seen a 105.14% increase in median value, while Units have seen a 104.20% increase. As at 31 August 2024:

  • The median value for Houses in Nerang is $931,887 while the median value for Units is $633,038.
  • Houses have a median rent of $730 while Units have a median rent of $600.
There are currently 83 properties listed for sale, and 32 properties listed for rent in Nerang on OnTheHouse. According to CoreLogic's data, 334 properties were sold in the past 12 months in Nerang.

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