FOR SALE
Over $110,000 each

331/5 Bourton Road
Merrimac QLD 4226

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

INVESTORS LOOK HERE - GREAT VALUE NEAT SINGLE LEVEL VILLAS - APPR0X 6.5% NET RETURN - CENTRALLY LOCATED - GREAT ONSITE MANAGEMENT

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 solid returns - look no further! There are 3 terrific units available to purchase in this community, all with good tenants paying $280 per week - buy one, or do a deal for multiple and maximise your income/return!
Please note: due to the current pension scheme/DA/gov accreditation over this community, these units are for pensioner tenants to occupy and come with leases attached, sorry no owner occupiers.
Each of the single accommodations are fully resourced, servicing those looking for affordable assisted living accommodation. All the units have a good long term tenants already in place, paying $280 per week!
INCOME AND OUTGOINGS (approx)
Rental income: $14,560 per year per unit
Council Rates: $2400 per year per unit
Water Rates $1060 per annum approx
Body corp/sinking and admin levies/caretaker levies: $3854 per annum (per unit)
Onsite management of rental approx 8.25% of rental income (approx $1,160 per annum)
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 rates) (figures are approx and buyers should do their own due diligence)
See More

Property Details for 331/5 Bourton Rd, Merrimac

331/5 Bourton Rd, Merrimac is a 1 bedroom, 1 bathroom Villa. The place is currently for sale with RE/MAX REGENCY.

Building Type
Villa

Commute Calculator

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 3,019 properties.

    There are currently 23 properties listed for sale, and 7 properties listed for rent in Merrimac on OnTheHouse. According to CoreLogic's data, 167 properties were sold in the past 12 months in Merrimac.

    Merrimac Profile Page

    Suburb Insights for Merrimac 4226

    Visit Merrimac profile page
    Market Insights
    Trends for Houses
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend
    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Trends for Units
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend
    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Neighbourhood Insights
    Age
    Household
    Occupancy
    No data to show
    Visit Merrimac profile page
    Contact agent
    Taya Rich
    Show contact details
    Call agent
    RE/MAX REGENCY
    Preferred contact:
    Privacy Policy
    CoreLogic Copyright and Legal Disclaimers about Property Data

    © Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

    This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

    X

    GETTING STARTED