Back 27 Medellin Place
Off Market

27 Medellin Place

Nerang QLD 4211

3
1
2
0 m²
418 m²
House
Last sold for $325,000
Chris PittawayChris Pittaway, last sold this property on 03 April 2016 after 74 days on market.

Overview

Huge Price Reduction... Cheapest Home on the Coast?

Owners have dramatically revised their expectations on this stand alone home and want this home urgently sold. It presents a great investment opportunity with rent potential of $370-$390 per week (currently rented until May at $355 per week). Located in a quiet culdesac close to all amenities. Featuring: • 3 bedrooms all with built ins • Open plan living • Large undercover lock up tandem carport or outdoor entertaining area • Extras include: Security screens, fans, garden shed • 418m2 block with a fully fenced yard Located in Nerang, close to parks, schools and all amenities, minutes to the M1. *Please note that virtual furniture has been used in some of these photos Disclaimer: Our offices adhere to current government guidelines for our open homes. This may include the use of face masks and capacity limits. Everyone who visits our Open Homes will need to check-in. Along with the Check In QLD app, our agents will check you in to our database as per our office policy.

Features

3 bedrooms
1 bathroom
2 carspaces
0 m² floor area
418 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Nerang over the last 12 months, the estimated median property value of 27 Medellin Place is $1m.

Median value
$1m
Estimated value range
$720k - $1.41m
Median days on market
32
Estimated value trend
11%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Nerang. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 27 Medellin Place

2024
Rented
Undisclosed
Leased on 19 Sep 2024 by Hinterland Realty (QLD) Pty Ltd
2016
Sold
$325,000
03 Apr 2016 by Chris Pittaway, of LJ Hooker Nerang

Happy sellers in Nerang

86%
86% of sellers in Nerang reported that their sale price either exceeded or met their price expectations.

Nerang stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 48 reviews in Nerang over the last 12 months.

Local market activity for 3 bedroom houses in Nerang

In the last 12 months, 81 three-bedroom houses similar to 27 Medellin Place, have been sold.

This represents a 34% increase in three-bedroom houses sales when compared to the previous 12 months.

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