OFF MARKET

322/5 Bourton Road
Merrimac QLD 4226

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 52m2
Land area: 51m2
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Property Details for 322/5 Bourton Rd, Merrimac

322/5 Bourton Rd, Merrimac is a 1 bedroom, 1 bathroom Townhouse 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 May 2021.

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

Last Listing description (July 2021)

You wouldn't think it was possible to buy an investment property on the Gold Coast for under $130k?

Here at ''Bougainvillea Lodge" in Merrimac - you can!

This lovely community is a centrally located over 50's' pensioner living environment and is a great 'no fuss' investment. There is already a long term resident in place, and they are fully equipped and well catered for in a peaceful and social living environment within walking distance to shops, transport and other amenities.

There is rarely any vacancy in this community, with a long list of residents expressing interest if one should become available in the future, giving you great long term security on your investment.

This low set brick unit features a lounge room/kitchenette, green outlook and patio, large bathroom/laundry, security screens, fans and bedroom with built in robe. Open plan design with kitchenette, electric/white goods/some furniture/home wares provided for tenants.

Bougainvillea Lodge is centrally located at peaceful Merrimac, easy access to all the Gold Coast has to offer. One min to Pacific Highway, and 15 mins to Broadbeach via Gooding Drive past Carrara Markets. Worongary Shopping centre with Coles and 40 shops is 500m away. Within 2 years we will have a train station within 5 mins walk away.

PROPERTY FEATURES/INCLUSIONS: ALSO SEE PLAN
Unit income $14,300 p/a (currently renting at $275pw) increases with the pension rate
Management (rental) fees 8.25% (includes gst)
Rates $850 per half year approx
Water $199 Quarter approx

$4800 bc fees per annum - includes building insurance, public liability insurance, admin/sinking fund levies, common area maintain (fees are tax deductible except sinking fund payments)

Each of the single units are equipped with:
One bedroom with single bed, air conditioning, built in robe and access to washing line and nice terrace with green outlook
One bathroom/combined laundry with washer and dryer
Neat kitchenette with fridge and microwave
Television and lounge, dining table
Ceiling fans in bedroom and living area
Security screens/blinds to all windows and doors
Smoke detectors (Level 1 Fire Safety rating)
Great friendly onsite caretakers

Merrimac Tavern, McDonalds, Coffee Shops & Take Away, all an easy walking distance and only around 10 mins drive major shopping centres of Pacific Fair, Robina Town.

Beautiful Gold Coast’s beaches and hinterland are only 15 minutes’ drive away; Brisbane CBD is less than one hour drive on M1

Dont miss out on this great opportunity! For more information please call Taya today,

Disclaimer: In the preparation of this advertising we have used a similar unit for photo's and virtual tour due to the current tenant privacy, and within the document, we have used our best endeavours to ensure that the information contained herein is true and accurate, and accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify any information contained herein. we recommend buyers do their own due diligence as part of the purchase.

Property History for 322/5 Bourton Rd, Merrimac, QLD 4226

A timeline of how this property has performed in the market
Last Sold
$110,000
25 May 2021
  • 25 May 2021
    Sold for $110,000
  • 02 Feb 2021
    Listed for Sale SOLD
  • 21 Dec 2015
    Sold for $97,000
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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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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.