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2/5 Bourton Road
Merrimac QLD 4226

Bedrooms: 3
Bathrooms: 3
Car spaces: -
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CALLING ALL INVESTORS - BUY MUTLIPLE STUDIO UNITS ON ONE TITLE - SET & FORGET INVESTMENT - SOLID RETURNS

Lot 11 - 3 rooms renting at $550 per fortnight each (all tenanted)
Lot 9 - 2 rooms - 1 at $585 per fortnight and 1 at $550 per fortnight
Each of the units are partly furnished and equipped with: bedroom and ensuite bathroom, bed, chair, cabinets/side tables, small fridge, microwave, air conditioning unit, ceiling fan (units vary) Brick Construction, Built 1993
INCOME & EXPENDITURE
Each unit renting for $550 per f/n (before fees/tenant services)
Income (per fortnight each unit x 3 renting at $550) = $42,900.00
OUTGOINGS (approx) per annum
Admin fund $2419.00
Sinking Fund $351.00
Water Rates $1800.00
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Property Details for 2/5 Bourton Rd, Merrimac

2/5 Bourton Rd, Merrimac is a 3 bedroom, 3 bathroom Unit. The place is currently for sale with RE/MAX REGENCY.

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Unit

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About Merrimac 4226

The size of Merrimac is approximately 9 square kilometres. It has 12 parks covering nearly 12.9% of total area. The population of Merrimac in 2011 was 6,320 people. By 2016 the population was 7,097 showing a population growth of 12.3% in the area during that time. The predominant age group in Merrimac is 30-39 years. Households in Merrimac are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merrimac work in a trades occupation. In 2011, 57.1% of the homes in Merrimac were owner-occupied compared with 50.8% in 2016.

Merrimac has 3,046 properties. Over the last 5 years, Houses in Merrimac have seen a 88.29% increase in median value, while Units have seen a 76.72% increase. As at 30 September 2024:

  • The median value for Houses in Merrimac is $979,313 while the median value for Units is $661,387.
  • Houses have a median rent of $775 while Units have a median rent of $690.
There are currently 31 properties listed for sale, and 9 properties listed for rent in Merrimac on OnTheHouse. According to CoreLogic's data, 166 properties were sold in the past 12 months in Merrimac.

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Taya Rich
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