57 Merloo Drive, Nerang QLD 4211

Large private block backing reserve | side access for second dwelling | single bathroom constraint | strong rental yield potential | no overlays This property presents a rare opportunity to secure a large, private block with direct reserve frontage in a established suburb, a combination that is increasingly scarce. The side access and lack of overlays provide a clear, low-risk path to adding a second dwelling, making it ideal for extended families or investors seeking to manufacture equity through subdivision or dual income. Its updated interior and strong school catchments offer immediate livability while the underlying land value drives long-term security. The primary compromise is the single bathroom servicing three bedrooms, which caps capital growth from the existing dwelling and may limit resale appeal to larger families. However, the commercial logic is compelling: the current rental yield is strong, and the potential to develop the expansive lot fundamentally mitigates this functional obsolescence. Acquire this as a strategic land bank with a cash-flowing house attached; hold for the medium term to capitalise on the area’s growth while pursuing approval for a second dwelling.