OFF MARKET

13/5 Bourton Road
Merrimac QLD 4226

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 118m2
Land area: 1133m2
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Property Details for 13/5 Bourton Rd, Merrimac

13/5 Bourton Rd, Merrimac is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1985. The property has a land size of 1133m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in November 2014.

Building Type
Unit
Year Built
1985
Floor Size
118m2
Land Size
1133m2
Local Government
Gold Coast City
Lot/Plan
13/SP131370

Last Listing description (November 2014)

CALLING ALL INVESTORS - 3 FOR THE ONE PRICE!!
You will not believe the value offered here! 3 bedsits on the one title, very positively geared with recent net returns of up to 17% based on a purchase price of $150,000 cash outlay. Just try and get a return like that from your favorite bank!!
Situated in Merrimac, Westminster House, this recently refurbished singles retirement community offers a comfortable lifestyle for its residents and a fantastic financial return for its owners - truly a win- win situation.

May be a great addition to your super portfolio perhaps?
The residents are well looked after in many ways as its close to public transport, and meals, snacks, linen and towels are all provided. The accommodation is furnished and well equipped with a fridge, microwave, and for year round comfort, each bedsit has a split system air conditioner.
Various indoor and outdoor common areas assist the residents to socialise with games and crafts as well as the regular bus trips and excursions to keep them busy and of course out of mischief.
The owner for personal reasons needs this sold as soon as possible and will seriously consider all offers.
[REMEMBER CASH IS KING]

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Property History for 13/5 Bourton Rd, Merrimac, QLD 4226

A timeline of how this property has performed in the market
Last Sold
$150,000
24 Nov 2014
  • 24 Nov 2014
    Sold for $150,000
  • 17 Oct 2014
    Listed for Sale $150,000
  • 19 Dec 2000
    Sold for $199,500

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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 88.29% increase in median value, while Units have seen a 76.72% increase. As at 30 September 2024:

  • The median value for Houses in Merrimac is $979,313 while the median value for Units is $661,387.
  • Houses have a median rent of $775 while Units have a median rent of $690.
There are currently 32 properties listed for sale, and 8 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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