OFF MARKET

8 Melastoma Way
Arundel QLD 4214

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 158m2
Land area: 370m2
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Last updated 11 Nov 2024
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Property Details for 8 Melastoma Way, Arundel

8 Melastoma Way, Arundel is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1999. The property has a land size of 370m2 and floor size of 158m2. While the property is not currently for sale or for rent, it was last sold in November 2017.

Building Type
House
Year Built
1999
Floor Size
158m2
Land Size
370m2
Local Government
Gold Coast City
Lot/Plan
37/SP109592

Last Listing description (November 2019)

This home's exterior has been freshly painted, roof restoration done and also all the fences painted so externally this home presents "As new."

"Meadowlands" in Arundel is the secret to success for owners, investors and tenants alike. It's the ease of living, size blocks and the onsite amenities available to all. Who wouldn't like a resort lifestyle without the fuss all the maintenance?

Along with a great open plan spacious 4 bedroom home you get on site management, function room, covered BBQ area, kids play area, gym and resort pool with spa.

This home is located in a quiet cul de sac which has no through traffic so it is kid friendly which is one of the reasons this tenant has rented here for so long and the fact that Arundel state school is a close drive for the kids.
Mum also likes all the parks and paths for her morning runs and Dad likes easy M1 access for work.

Location is also a big draw card - a quiet enclave of only 65 residences backing onto park reserve with easy access to M1, Rail and soon to be light rail giving ease of access to Griffith University and hospital.
If shopping is your thing the Helensvale Town Center is only a few minutes' drive away west and east is Harbour Town Shopping center, also the terrific Broadwater for boating and fishing.

Current lease with present tenant $480/wk (current potential $500/wk) and expires on 6/4/2018. Body corporate is approximately $80 per week. The rates for water are $1526.05 and council services $1727.60 annually.
Owners instructions are clear "present all written offers immediately" would like to be sold prior to Christmas.

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Property History for 8 Melastoma Way, Arundel, QLD 4214

A timeline of how this property has performed in the market
Last Sold
$424,000
28 Nov 2017
  • 28 May 2020
    Listed for Rent $540 / week
  • 07 Nov 2019
    Listed for Rent $520 / week
  • 31 Oct 2019
    Listed for Sale All Buyers $399000 -$439000
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About Arundel 4214

The size of Arundel is approximately 10.3 square kilometres. It has 22 parks covering nearly 29.9% of total area. The population of Arundel in 2011 was 9,573 people. By 2016 the population was 10,242 showing a population growth of 7.0% in the area during that time. The predominant age group in Arundel is 50-59 years. Households in Arundel are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Arundel work in a professional occupation. In 2011, 64.2% of the homes in Arundel were owner-occupied compared with 65.9% in 2016.

Arundel has 5,215 properties. Over the last 5 years, Houses in Arundel have seen a 98.03% increase in median value, while Units have seen a 121.48% increase. As at 31 October 2024:

  • The median value for Houses in Arundel is $1,139,909 while the median value for Units is $765,202.
  • Houses have a median rent of $830 while Units have a median rent of $695.
There are currently 26 properties listed for sale, and 20 properties listed for rent in Arundel on OnTheHouse. According to CoreLogic's data, 226 properties were sold in the past 12 months in Arundel.

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