42 Martin StreetNerang QLD 4211
Property Details for 42 Martin St, Nerang
Last Listing description (December 2022)
Calling all Savvy Investors & Developers
Very rarely does such a unique and well positioned property like this come onto the market.
A prime dual access 1158m2 corner block, centrally located with easy access to the M1 and coastal suburbs and surrounded by commercial, residential properties and a short walk to the local shopping & entertainment precents.
There is currently a Queensland Style Home on the block which was recently used as doctor’s rooms however there is no current medical license attached.
The property is in the process of being tenanted on a 6 months lease @ $950 per week
++ Current zoning is Residential Medium Density (RD5) with a height limit of 15m
++ A yield of 22-24 apartments is achievable - 2 bed / 1 to 2 bath / 1 car
Whether you looking to develop or land bank this property it can be SOLD WITH or WITHOUT the HOUSE therefore factor this into your due diligence and EOI
++ INSPECTION BY APPOINTMENT ONLY ++
Disclaimer:
In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
Property History for 42 Martin St, Nerang, QLD 4211
- 05 Dec 2025Sold for $13,200,000
- 24 Jun 2022Listed for Rent $950 / week
- 08 Apr 2022Sold for $1,040,000
Recent sales nearby
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About Nerang 4211
The size of Nerang is approximately 35.9 square kilometres. There are 49 parks, covering nearly 53.6% of the total area. The population of Nerang in 2016 was 16864 people. By 2021 the population was 17048 showing a population growth of 1.1% in the area during that time. The predominant age group in Nerang is 30-39 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 2021, 62.30% of the homes in Nerang were owner-occupied compared with 58.00% in 2016.
Nerang has 7,638 properties. Over the last 5 years, Houses in Nerang have seen a 81.53% increase in median value, while Units have seen a 97.13% increase. As at 31 July 2026:
- The median value for Houses in Nerang is $1,140,179 while the median value for Units is $794,185.
- Houses have a median rent of $850 while Units have a median rent of $700.
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