20 Railway ParadeNerang QLD 4211
Property Details for 20 Railway Pde, Nerang
20 Railway Pde, Nerang is a 3 bedroom, 1 bathroom House with 7 parking spaces. The property has a land size of 506m2 and floor size of 171m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 3 bedroom House sold in Nerang in the last 12 months.
Last Listing description (December 2023)
20 Railway Parade in Nerang offers the astute purchaser a multitude of options with strong development potential future proofing a sound investment all round. For the first home buyer out there, this is your foot into the market that will provide you a leg up into bigger and better opportunities in years to come.
The house itself presents like new internally with the renovated bathroom presenting as new and the kitchen featuring brand-new appliances and cabinetry. There are 5 split systems throughout the bedrooms and living areas so each space will be kept cool this summer. Two lounge areas service either end of the house with the western end of the house offering the perfect space for someone with a business to operate almost any type of enterprise out of, or a second lounge room for kids to watch T.V or hang out in.
There's plenty of parking off street and parking for up to 6 cars on the premises itself.
- Ample parking space at the rear for a trailer, boat or caravan.
- Current rental appraisal at $750 per week with huge potential upside.
- Space at the rear of the house to build an auxiliary dwelling and supercharge the rental yield to a potential $1500 per week.
- RD5 medium density zoning.
- Building height of 15m - With relaxation precedence above this height being set recently in the same street.
- Immediate access to the M1 Motorway heading North/South.
This unique opportunity is suited to anyone from first home buyers looking to get into the market, small business owners looking to live and run their business from an ideal space and location. Through to developers looking for their next project and savvy investors keen to invest their money into a high growth site with massive upside in a booming Gold Coast rental market.
Explore the possibility of building multiple dwellings on the block and turning this site into an absolute rental cash cow in a market with vacancy rates below 1% and rental prices forecast to continue to boom for the foreseeable future.
Contact Dan Knapp for a copy of the rental appraisal, town planning report and more.
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 purchasers should make their own enquiries to verify the information contained herein.
Property History for 20 Railway Pde, Nerang, QLD 4211
- 13 Dec 2023Sold for $715,000
- 29 Nov 2023Listed for Sale Interest Above $675,000
- 31 May 2022Listed for Sale Offers Over $1,695,000
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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 7,553 properties.
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