215/5 Bourton RoadMerrimac QLD 4226
Property Details for 215/5 Bourton Rd, Merrimac
215/5 Bourton Rd, Merrimac is a 1 bedroom, 1 bathroom House and was built in 2006. The property has a land size of 1455m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 1 bedroom House sold in Merrimac in the last 12 months.
Last Listing description (August 2024)
Where can you get any investment property on the Gold Coast for this price? If you are looking for an easy, no fuss property with guaranteed returns - look no further!
Westminster House pioneered and developed this Queensland’s rental retirement living. Each of the single accommodations are fully resourced servicing those looking for assisted living accommodation. Assisted Living at Westminster House offers your tenants a peaceful lifestyle with privacy and security, within a friendly communal environment. You can enjoy the protection and security of your investment at all levels with the bonus of having full time managers living onsite to help with the tenants everyday needs.
The neat single level villa comes equipped/furnishings/white goods, ready to move in, and features, a kitchenette, open plan lounge area with durable flooring, queen sized bedroom with built-in robe, air conditioning/ceiling fans, large bathroom/combined laundry, security screen, privacy blinds, and undercover patio.
There is a good long term tenant already in place, paying $290 per week. ($580 per fort)
FREEHOLD TITLE
Rental income: $15,080 per year per unit
Council Rates: $2400 per year per unit
Water Rates $1060 per annum approx
Rental management Fees $1250 per year approx
Body corp/caretaker levies: $2865 per annum (per unit) approx
General fees apportioned $470 approx per annum
Approx outgoings = $7105.00
Other: Landlords insurance $200 - $300 per year/minor internal maintenance costs
On $110k purchase price reflects 6.5% net return
Levies include, building insurance, public liability insurance, admin/sinking fund levies, caretaker fees, common area maintain (Tenants pay for own electricity usage/owner pays for water) ( Please note: figures are approx and buyers should do their own due diligence)
Westminster House is centrally located at peaceful Merrimac, very central to all the Gold Coast has to offer. Easy access to Pacific Highway to Broadbeach via Gooding Drive past Carrara Markets. Worongary Shopping centre with Coles and 40 shops is 500m away. Soon, there will be a train station within 10 mins walk.
Merrimac Tavern is less than 1km away; McDonalds, Coffee Shops & Take Away, all an easy walking distance and only around 10 mins drive major shopping centres of Pacific Fair, Robina Town Centre. Beautiful Gold Coast’s beaches and hinterland are only 15 minutes’ drive away; Brisbane CBD is less than one hour drive on M1
Disclaimer: In the preparation of this document, we have used our best endeavours to ensure that the information contained herein is true and accurate, and accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify any information contained herein
Property History for 215/5 Bourton Rd, Merrimac, QLD 4226
- 29 Jul 2024Sold for $110,000
- 10 Jul 2024Listed for Sale Over $115,000
- 02 Jun 2022Sold for $116,000
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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 3,044 properties. Over the last 5 years, Houses in Merrimac have seen a 90.09% increase in median value, while Units have seen a 81.67% increase. As at 31 July 2024:
- The median value for Houses in Merrimac is $982,371 while the median value for Units is $686,178.
- Houses have a median rent of $770 while Units have a median rent of $675.
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