11 Wundowie StreetNerang QLD 4211
Property Details for 11 Wundowie St, Nerang
11 Wundowie St, Nerang is a 4 bedroom, 2 bathroom House and was built in 1970. The property has a land size of 713m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in October 2023.
Last Listing description (February 2024)
Are you on the hunt for an exceptional investment property that offers both immediate rental income and long-term development potential? Look no further! We're thrilled to present 11 Wundowie Street, Nerang that checks all the boxes for savvy investors.
This versatile dual living property is a prime find, located adjacent to a recently completed development featuring 12 units. Whether you're an investor, an owner-occupier seeking dual living options, or an aspiring developer, this property holds immense potential. Situated on a generous 713sqm block, it's currently tenanted with leases secured until May 2024.
The main property showcases a spacious living area adorned with wooden flooring, along with the added comfort of air conditioning and ceiling fans throughout. The expansive galley kitchen seamlessly leads to the laundry and a large outdoor entertainment area, offering ample storage and countertop space. The main house boasts three generously proportioned bedrooms, each comfortably carpeted and equipped with ceiling fans.
The fully self-contained granny flat features tiled flooring throughout, along with a ceiling fan and air conditioning for year-round comfort. It includes a well-appointed kitchen complete with laundry facilities, a separate shower room, a comfortable living space, and a private bedroom.
The 713sqm flat block is where the true potential lies, with a dividing fence ensuring that both properties enjoy ample space and off-road parking. The development possibilities are evident, as neighbouring projects demonstrate. The time to seize this opportunity is now!
Key Features:
- Expansive 713sqm flat block
- Dual living arrangement
- Secure tenancy until May 2022
- $900 per week in rental income
- Four bedrooms in total (3 in the main house, 1 in the granny flat)
- Covered outdoor entertaining area
- Solar power system
- Rainwater storage
- Conveniently located near a variety of amenities, including a shopping centre, supermarket, and pharmacy
- Suitable for townhouse or multi-unit developments (subject to council approval)
Don't let this remarkable property slip through your fingers. Contact Anthony Yu or Steve Robertson today before it's too late!
Property History for 11 Wundowie St, Nerang, QLD 4211
- 18 Oct 2023Sold for $840,000
- 05 Oct 2023Listed for Sale Contact Agent
- 26 Jul 2022Sold for $735,000
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0About 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 7,572 properties. Over the last 5 years, Houses in Nerang have seen a 100.02% increase in median value, while Units have seen a 94.50% increase. As at 30 September 2024:
- The median value for Houses in Nerang is $912,861 while the median value for Units is $613,766.
- Houses have a median rent of $740 while Units have a median rent of $600.
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