OFF MARKET

5/18-36 Paradise Street
Nerang QLD 4211

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 95m2
Land area: 98m2
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Property Details for 5/18-36 Paradise St, Nerang

5/18-36 Paradise St, Nerang is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1988. The property has a land size of 98m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in November 2019.

Building Type
Unit
Year Built
1988
Floor Size
95m2
Land Size
98m2
Local Government
Gold Coast City
Lot/Plan
5/BUP3695

Last Listing description (December 2019)

An superb 3 bedroom unit would be ideal investment or someone looking to enter the property market. Positioned within walking distance to the buses, train station and easy access to the M1! Includes large lounge room, timber flooring, undercover parking. Adjoins park and children's playground plus it's walking distance to Nerang CBD

Three bedrooms with built-in robes
Large lounge room

Good sized kitchen with plenty of cupboard space
Polished timber flooring
Undercover parking space
Block of 10 units backing to parkland
Located close to Nerang Train Station and bus terminal
Low body corporate of $42 per week approx.
Currently tenanted till June 20 paying $360 per week, that's a return of over 7.4%

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Property History for 5/18-36 Paradise St, Nerang, QLD 4211

A timeline of how this property has performed in the market
Last Sold
$252,500
01 Nov 2019
Listed for Rent
$335/w
06 Nov 2017
  • 01 Nov 2019
    Sold for $252,500
  • 24 Oct 2019
    Listed for Sale $250,000
  • 09 Oct 2017
    Listed for Rent $335 / 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 7,599 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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