OFF MARKET

49/125 Pappas Way
Nerang QLD 4211

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 78m2
Land area: 106m2
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Last updated 28 Oct 2024
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Property Details for 49/125 Pappas Way, Nerang

49/125 Pappas Way, Nerang is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1993. The property has a land size of 106m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Townhouse
Year Built
1993
Floor Size
78m2
Land Size
106m2
Local Government
Gold Coast City
Lot/Plan
49/GTP3236

Last Listing description (February 2024)

Please note: This property's photos showcase virtual furnishings, which enhance its appeal, but will be different when viewing the property.

Investors and 1st home buyers should take note because this is possibly Carrara's best buy!! Ideally located in a highly desirable gated community in the heart of Carrara, within walking distance to shops, public transport, all amenities and some fabulous local restaurants.

This unique end townhouse, spread over two storeys, boasts the advantage of having only one neighbouring unit. Offering two bedrooms and a private courtyard backing to the park and pool area, as well as a covered carport with an additional designated parking space at the front of the property, it's the perfect entry point for first-time homebuyers looking to step into the real estate market or for savvy investors seeking an attractive rent potential of approximately $515-$545/week (Tenant currently paying $400/week) and body corporate of approximately $64/wk.

A great townhouse featuring:
* 2 spacious bedrooms with built-in robes
* Main bathroom upstairs with separate downstairs toilet and laundry
* Open plan tiled living
* Fully enclosed private courtyard opening to park and pool area
* Single covered car accommodation plus a dedicated additional parking space at the front of the unit
* Secure gated complex, pet friendly subject to body corporate approval
* Landscaped Inground pool and BBQ area in complex
* Onsite manager
* Current tenant paying $400 per week until June 2024 with potential of $515-$545/week
* Body corporate of approximately $64/week including building insurance

Ideally located within a stroll to shops, restaurants, amenities and public transport and quick access to the M1, Nerang rail and bus depot. Also close to the KDV Sports academy, the Emerald Lakes precinct and the Heritage Bank Stadium.

Don't miss this one, make sure you get to one of the open homes!!

Disclaimer: All information contained herewith, including but not limited to the general property description, images, floorplans, figures, price and address, has been provided to Shane Colquhoun Pty Limited and CLP Realty Pty Limited by third parties. We have obtained this information from sources that we believe to be reliable; however, we cannot guarantee the accuracy and or completeness of this information. The information contained herewith should not be relied upon as being true and correct. You should make independent inquiries and seek your own independent advice in respect of this property or any property on this website.

Property History for 49/125 Pappas Way, Nerang, QLD 4211

A timeline of how this property has performed in the market
Last Sold
$515,000
28 Sep 2023
Listed for Rent
$325/w
03 May 2019
  • 28 Sep 2023
    Sold for $515,000
  • 21 Sep 2023
    Listed for Sale Offers Over $479,000
  • 29 Apr 2019
    Listed for Rent - Price not available
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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 7,572 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.
There are currently 65 properties listed for sale, and 28 properties listed for rent in Nerang on OnTheHouse. According to CoreLogic's data, 323 properties were sold in the past 12 months in Nerang.

Suburb Insights for Nerang 4211

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.