317/5 Bourton RoadMerrimac QLD 4226
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.
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
- 27 Aug 2024Sold for $113,000
- 08 Jul 2020Sold for $120,000
- 22 Oct 2018Listed 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 3,030 properties. Over the last 5 years, Houses in Merrimac have seen a 80.52% increase in median value, while Units have seen a 83.03% increase. As at 31 October 2024:
- The median value for Houses in Merrimac is $961,572 while the median value for Units is $686,717.
- Houses have a median rent of $800 while Units have a median rent of $725.
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