9/11-13 Martin Street, Nerang QLD 4211
9/11-13 Martin Street, Nerang QLD 4211
Compact 2-bed townhouse | 38m² footprint | 90m² total | Last sold 2014 | School catchment
This townhouse offers a genuinely compact footprint, with only 38 m² of land under the building and 90 m² of total floor area, so outdoor upkeep is minimal. The 2-bed, 1-bath, 1-car configuration is efficient and should appeal strongly to first-home buyers seeking an affordable entry into Nerang, as well as to investors wanting a low-maintenance rental. Its position within the local school catchment adds practical value for young families, while the 2014 sale history suggests a stable, established unit. The property sits in a mixed residential pocket where small townhouses dominate, making it a conventional but sound choice for its segment.
The final price may be influenced by the condition of the interior, as many similar townhouses in this pocket have either been renovated or remain original. The 38 m² lot size could limit redevelopment upside, but for a townhouse that is typical. Buyers might also weigh the body corporate levies, which are often low for this type of stock. Any recent improvements or lack thereof will matter more than land size here.
>> Comparable Sales: 5/11-13 Martin Street sold for $510,000 in March 2025; 1/9 Martin Street sold for $530,000 in September 2024 | Property Price Band: $500,000–$600,000 | Value Drivers: condition, presentation, internal layout
Detailed Independent Property Report prepared by PropCred Analyst team for 9/11-13 Martin Street, Nerang QLD 4211
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
✓
Income Risk
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1
Execution Risk
✓
Market Insight
Nerang is a competitive, fast-moving market driven by owner-occupiers in detached houses. House prices have climbed to roughly $993,000, up about 15% annually, while units average $700,000 with growth in the low teens. Houses sell in about 15 days, indicating strong buyer demand and tight supply. Gross rental yields are healthy at 4.3% for houses and 5.1% for units, supported by rising rents-$780 weekly for houses and $700 for units. This rental strength, combined with active sales volume, points to sustained interest. Future growth hinges on continued rental demand and limited available stock, though affordability and rate sensitivity remain constraints given the elevated entry price.