FOR SALE
Over $115,000 each

5 Bourton Road
Merrimac QLD 4226

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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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)
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Property Details for 5 Bourton Rd, Merrimac

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

Building Type
Villa

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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 3,045 properties. Over the last 5 years, Houses in Merrimac have seen a 86.18% increase in median value, while Units have seen a 90.41% increase. As at 31 August 2024:

  • The median value for Houses in Merrimac is $994,919 while the median value for Units is $705,194.
  • Houses have a median rent of $770 while Units have a median rent of $700.
There are currently 28 properties listed for sale, and 6 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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