OFF MARKET

24 Railway Parade
Nerang QLD 4211

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 119m2
Land area: 506m2
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Last updated 16 Sep 2024
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Property Details for 24 Railway Pde, Nerang

24 Railway Pde, Nerang is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 506m2 and floor size of 119m2. While the property is not currently for sale or for rent, it was last sold in May 2021.

Building Type
House
Floor Size
119m2
Land Size
506m2
Local Government
Gold Coast City
Lot/Plan
8/RP40218

Last Listing description (January 2024)

There are plenty of options with this vacant property. It is ready to go with fresh paint and new carpet...so perfect for first home buyers to move straight in. Alternatively astute investors will see the medium density zoning as the perfect land bank or development opportunity...subject to council approvals. It is easy to hold with an approximate rental income of $440 to $450 per week.

Perfectly located in the heart of Nerang alongside the M1 and within an easy stroll to Nerang's CBD, commercial and industrial precinct. Also close to the Nerang rail and bus hub, Metricon stadium and several resort golf courses are literally only minutes away.

A fabulous opportunity, featuring:
* 3 bedrooms, all with built-ins
* 1 bathroom with separate toilet
* Spacious kitchen with walk in pantry
* Separate living and dining areas
* Freshly painted and newly carpeted
* Off street parking for 2 cars
* Fully fenced and flat 506m2 block

A prime location and prime opportunity not to be missedcall or email for details today!!

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Property History for 24 Railway Pde, Nerang, QLD 4211

A timeline of how this property has performed in the market
Last Sold
$450,000
20 May 2021
Listed for Rent
$345/w
10 Jun 2015
  • 20 May 2021
    Sold for $450,000
  • 12 May 2021
    Listed for Sale Offers Over $399,000
  • 20 May 2015
    Listed for Rent $345 / week
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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 82 properties listed for sale, and 34 properties listed for rent in Nerang on OnTheHouse. According to CoreLogic's data, 336 properties were sold in the past 12 months in Nerang.

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