Nerang at a glance
18,291
People
No data
Median sale
$807/wk
Median rent
No data
Suburb gross yield
QLD › Nerang › Riverlea Waters Dr
$575,000
Last sold
4 Nov 2020
4
Bedrooms
3
Bathrooms
0
Car spaces
723 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$575,000
4 Nov 2020 · derived via latest_sale
Local land rate: recorded House sales in Nerang (last 5 years) with land size have a median of $1,190/m² of land (n=73). Districts calculation from recorded sales — not a valuation.
Nerang at a glance
18,291
People
No data
Median sale
$807/wk
Median rent
No data
Suburb gross yield
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
For more information on this property, visit Queensland Globe.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
QLDPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $807/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms. No recorded off-street parking — often a discount versus the suburb median for the same beds.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownNearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Nerang at a glance
18,291
People
No data
Median sale
$807/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by LJ Hooker NerangThis property is all about the secure riverside lifestyle afforded by the unique and exclusive Riverlea Waters Estate. Set on over 30 acres of exclusive use landscaped and manicured parklands and walkways bordering Crane Creek and the tranquil Nerang River. The options are endless with acres of open grassed areas providing easy access to the river making it perfect for lazy family picnics, kicking a footy, taking the dogs for a run off-leash or maybe just kicking back with a spot of fishing. Combine this with 2 resort styled tropical pools (one heated), 2 full size tennis courts (one flood lit), a separate basketball area, gymnasium, children's playground, BBQ facilities and a community kitchen and recreation room and you can see why it is all about the lifestyle on offer. No doubt, you will appreciate the true community atmosphere and spirit created by the welcoming residents of the estate with numerous events organised throughout the year. All this for only about $70 per week in body corp fees.
Add to this lifestyle a 3-bedroom (potentially 4 bedroom) home with water views on a 723m2 block with 2 separate living areas, 3 bathrooms, solar electricity and solar hot water, large covered entertainment area and you start to get the picture of the opportunity that is being offered by this property. The garage has been converted - perfect for a rumpus room or potential 4th bedroom with a bathroom.
This home is the complete package and offers:
* 3 generous bedrooms with ensuite to master
* Converted from a double garage to a rumpus (or potential fourth bedroom with bathroom)
* 3 bathrooms in total
* Kitchen with plenty of bench and cupboard space plus dishwasher
* Open plan separate living areas
* Large covered outdoor entertaining area
* 723m2 block offering privacy with space for the kids and pets to play
* 2.5kw solar power to keep a lid on those rising power bills plus solar hot water
* Air conditioned and ceiling fans
* Crim safe styled screens
* Access to bore water that is available within the estate
* Body corporate fees of approximately $75 per week, with all facilities, parklands and common gardens maintained by on-site managers
The estate is ideally located next to a large council park and only minutes to central Nerang and all city conveniences including the many schools in the area such as Silkwood. Conveniently located to the M1, rail transport, Metricon Stadium, resort Golf Courses and only a short drive to Robina Town Centre, Pacific Fair, The Broadwater and beaches of the Gold Coast.
Do yourself a favour and book an inspection to view this property!
Listing description written by Steve Snow, LJ Hooker Nerang — reproduced as published, not verified by Districts.