OFF MARKET

7 Sovereign Drive
Meringandan West QLD 4352

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 183m2
Land area: 4235m2
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Property Details for 7 Sovereign Dr, Meringandan West

7 Sovereign Dr, Meringandan West is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2023. The property has a land size of 4235m2 and floor size of 183m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
House
Year Built
2023
Floor Size
183m2
Land Size
4235m2
Local Government
Toowoomba Regional
Lot/Plan
92/SP283649

Last Listing description (May 2022)

Meringandan West is an amazing family orientated suburb that offers comfortability and spacious natural environments for children to play and explore on. The property has been designed with a modern influence, while also offering a extremely enticing acreage package. Meringandan West residents are strategically positioned to ensure they can live in a quiet area, though still having the capability to travel to Toowoomba City with ease, with the CBD less than 25 minutes from the estate. Residents in the area have access to a contemporary lifestyle mixed with the superb natural environment, with the country city charm enhancing the overall living experience. Those looking to explore Toowoomba will become familiar with the growing urban coffee culture and the street art scene. Toowoomba is home to hundreds of stunning parks and gardens. Being situated in Meringandan West, plenty of these beautiful gardens and parks are within walking distance. There are numerous world class schooling options available in the area, including Toowoomba Grammar. The highly regarded Toowoomba hospital is also less than 30 minutes from Meringandan West.

Build Details:
Build Size: 199m2

Build Price: $465,939
Total build features: 4 beds, 2 baths, 2 cars
Rental estimate: $530-$580 per week income
Estimated Rental Yield on Investment: 3.99% - 4.37%
Inclusions: Full list attached

Land Details:
Land Size: 4237m2
Land Price: $225,000
Land Registration: Registered

Fixed Price - Turn-key contract:
Two contract purchase - Land contract plus HIA Building contract.

Expression of Interest (EOI) to hold - $1000 fully refundable deposit.
Land settlement 35 days from date of contract or 14 days from the registration of title
5% deposit paid on unconditional for Building Contract - progressive drawdowns on the HIA build contract.

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Property History for 7 Sovereign Dr, Meringandan West, QLD 4352

A timeline of how this property has performed in the market
Last Sold
$215,000
31 May 2022
  • 31 May 2022
    Sold for $215,000
  • 16 Apr 2022
    Listed for Sale $690,939

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About Meringandan West 4352

The size of Meringandan West is approximately 16.6 square kilometres. It has 4 parks covering nearly 0.6% of total area. The population of Meringandan West in 2011 was 1,976 people. By 2016 the population was 2,231 showing a population growth of 12.9% in the area during that time. The predominant age group in Meringandan West is 0-9 years. Households in Meringandan West are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Meringandan West work in a trades occupation. In 2011, 86.9% of the homes in Meringandan West were owner-occupied compared with 87.1% in 2016.

Meringandan West has 1,214 properties. Over the last 5 years, Houses in Meringandan West have seen a 83.11% increase in median value. As at 31 July 2024:

  • The median value for Houses in Meringandan West is $727,629.
  • Houses have a median rent of $583.
There are currently 17 properties listed for sale, and 2 properties listed for rent in Meringandan west on OnTheHouse. According to CoreLogic's data, 86 properties were sold in the past 12 months in Meringandan west.

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