OFF MARKET

24 Martin Street
Nerang QLD 4211

Bedrooms: 8
Bathrooms: 4
Car spaces: 4
Floor area: 95m2
Land area: 1012m2
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Last updated 16 Dec 2024
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Property Details for 24 Martin St, Nerang

24 Martin St, Nerang is a 8 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1990. The property has a land size of 1012m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
Unit
Year Built
1990
Floor Size
95m2
Land Size
1012m2
Local Government
Gold Coast City
Lot/Plan
49/N1167

Last Listing description (April 2023)

Buy this complex of 4 x 2 townhouses now. The location is so central your tenants won't need a car to get to the local amenities in Nerang. Cafes and restaurants are a mere 220-250 metres away and the Nerang Aquatic Centre only 130m!

Each townhouse features 2 good size bedrooms, 1 bathroom, large dining & living area, a deck on the lower level and private balcony off the master bedroom. There is a covered carport for each townhouse and also additional visitor parking in the complex.

The townhouses are all on 1 title - land size 1012m2.

Rental income:
Townhouse 1 - $500 per week - lease end date 19/02/2024
Townhouse 2 - $380 per week, lease end date 5/05/2023 (Potential $500/week)
Townhouse 3 - $500 per week, lease end date 12/02/2024
Townhouse 4 - $450 per week, lease end date 16/10/2023 (Potential $500/week)

Gold Coast City Council Rates - $4,286 per annum
Water Rates - $4,292 per year (usage able to be charged back to tenants)
Building/Complex insurance - $3,541 per annum
No body corporate

This complex won't last long so call or email Andrew Weston today on 0423 814 812 or andrew@potfoliosales.com.au

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Property History for 24 Martin St, Nerang, QLD 4211

A timeline of how this property has performed in the market
Last Sold
$1,525,000
09 May 2022
  • 29 Sep 2022
    Listed for Sale $1,669,000
  • 09 May 2022
    Sold for $1,525,000
  • 17 Mar 2022
    Listed for Sale Auction
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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 7,599 properties. Over the last 5 years, Houses in Nerang have seen a 87.31% increase in median value, while Units have seen a 106.79% increase. As at 30 November 2024:

  • The median value for Houses in Nerang is $915,465 while the median value for Units is $630,184.
  • Houses have a median rent of $750 while Units have a median rent of $580.
There are currently 63 properties listed for sale, and 31 properties listed for rent in Nerang on OnTheHouse. According to CoreLogic's data, 327 properties were sold in the past 12 months in Nerang.

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