Property Snapshot
– **Land Size: ** 1,001 m (gently sloping)
– **House Size: ** 162 m | Built in 1990
– **Zoning: ** Low Density Residential
– **Current Configuration: **
– 3-bed, 2-bath main residence
– 2-bed granny flat (converted garage) rented at $450/week
– Double carport + lockable shed
– Rainforest-style pool + timber deck + pond
Financial & Development Potential
– **Rental Yield Potential: **
– Granny flat: $450/week
– Main house: Estimated ~$850$1,000/week (based on suburb median)
– Total: ~$1,300$1,450/week = ~6.16.8% gross yield
– **Development Upside: **
– Potential for second dwelling (STCA)
– Wide side access for dual occupancy or subdivision feasibility
Value-Add Opportunities
– Renovate existing home to modern standards
– Restore deck and pond to enhance outdoor appeal
– Explore DA for dual occupancy or rebuild
Location Highlights
– 450m to local shops & parkland
– 1km to M1 access
– 4.8km to Nerang Train Station
– 8.7km to Broadbeach
– In catchment for Ashmore SS & Benowa SHS
Strategic Insight
This property suits:
– **Renovators** looking to uplift value and rental return
– **Investors** seeking dual-income potential with future development upside
– **Owner-builders** wanting to knock down and rebuild on a large block in a central Gold Coast location
-**Owner Occupiers – looking for potential and space for growing family or extended family
Contact us Today to arrange an inspection and start your journey to unlocking its full potential !
Disclaimer: The above information has not been verified. We advise you confirm the accuracy of details before entering into a contract. Oxbridge Property Group and its employees cannot be held responsible for any inaccurate details supplied here.
