438 Nerang RoadAshmore QLD 4214
Property Details for 438 Nerang Rd, Ashmore
438 Nerang Rd, Ashmore is a 7 bedroom, 4 bathroom Unit with 4 parking spaces. The property has a land size of 779m2. While the property is not currently for sale or for rent, it was last sold in October 2017.
Last Listing description (December 2017)
Multi Income producing property, (3 separate dwellings).
Carefully considered and developed by the current owner specifically as an investment. The individual homes sit on a large block of 779 m2 and are strategically situated close to the University and the University Hospital. They are very central with great access to M1 Southport and Surfers hubs, this makes the location extremely popular for Tenants who also enjoy being within walking distance to Ashmore Shopping Centre. Public transport is right there.
The 3 free-standing dwellings are fully tenanted with fixed term lease in place..
1 x 1 Bedroom + Study ($360 p/w)
1 x 1 Bedroom + Study ($350 p/w)
Gross Income figure of $60,320.
This is a very rare offering in this location. Investors should to seriously consider the upside, all the hard work is being done, having 3 individual income streams (to level cashflow's), the opportunity to liquidate individually in the future, a (Gross) 6% plus return, all for less than 1 million dollars.
Whether it is for your superannuation or your children's future, finding a centrally located multi-income producing situation will always be in demand and therefore valuable.
Please contact us for full information pack.
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 vendors, purchasers & tenants should make their own enquiries to verify the information contained herein.
Property History for 438 Nerang Rd, Ashmore, QLD 4214
- 13 Oct 2017Sold for $995,000
- 18 Jul 2017Listed for Sale Not Disclosed
- 15 Nov 2013Listed for Rent - Price not available
Recent sales nearby
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About Ashmore 4214
The size of Ashmore is approximately 6.8 square kilometres. It has 27 parks covering nearly 9.6% of total area. The population of Ashmore in 2016 was 11910 people. By 2021 the population was 12415 showing a population growth of 4.2% in the area during that time. The predominant age group in Ashmore is 40-49 years. Households in Ashmore are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ashmore work in a professional occupation.In 2021, 69.80% of the homes in Ashmore were owner-occupied compared with 68.20% in 2016.
Ashmore has 5,558 properties. Over the last 5 years, Houses in Ashmore have seen a 91.62% increase in median value, while Units have seen a 101.78% increase. As at 30 November 2025:
- The median value for Houses in Ashmore is $1,283,610 while the median value for Units is $646,546.
- Houses have a median rent of $855 while Units have a median rent of $675.
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