SOLD
Sold on 27 Aug 2024 for $113,000

317/5 Bourton Road
Merrimac QLD 4226

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 52m2
Land area: 51m2
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Property Details for 317/5 Bourton Rd, Merrimac

317/5 Bourton Rd, Merrimac is a 1 bedroom, 1 bathroom Unit and was built in 2008. The property has a land size of 51m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Unit sold in Merrimac in the last 12 months.

Building Type
Unit
Year Built
2008
Floor Size
52m2
Land Size
51m2
Local Government
Gold Coast City
Lot/Plan
317/SP211580

Last Listing description (August 2020)

Situated in the Bougainvillea Lodge ( & adjacent to Westminster Lodge) is this serviced, subsidised over 50,s single living retirement village.

Fully equipped single bedroom unit in a private tranquil environment and dining room facilities. Long term tenant, low maintenance property, and slightly larger than the standard units, on a corner position with air conditioning.

Public transport at the front, with buses to Robina Town Centre and Pacific Fair.

HIGH NET RETURNS - Better than the Banks! Perfect for the cashed- up Investor/trust/super fund. Investors Only!!

Financials:- Net Income after management fees and services, paid into your account - approximately $960 per month.
External Expenses - Body Corporate $60 p/w. rates approximately $720 half year.

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Property History for 317/5 Bourton Rd, Merrimac, QLD 4226

A timeline of how this property has performed in the market
Last Sold
$113,000
27 Aug 2024
  • 27 Aug 2024
    Sold for $113,000
  • 08 Jul 2020
    Sold for $120,000
  • 22 Oct 2018
    Listed for Sale $125,000+ buyers
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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 3,043 properties. Over the last 5 years, Houses in Merrimac have seen a 80.38% increase in median value, while Units have seen a 91.92% increase. As at 30 November 2024:

  • The median value for Houses in Merrimac is $955,365 while the median value for Units is $719,831.
  • Houses have a median rent of $805 while Units have a median rent of $700.
There are currently 25 properties listed for sale, and 5 properties listed for rent in Merrimac on OnTheHouse. According to CoreLogic's data, 159 properties were sold in the past 12 months in Merrimac.

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