SOLD
Sold on 19 Aug 2024 for $237,000

331/5 Bourton Road
Merrimac QLD 4226

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 82m2
Land area: 72m2
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Property Details for 331/5 Bourton Rd, Merrimac

331/5 Bourton Rd, Merrimac is a 1 bedroom, 1 bathroom Townhouse and was built in 2008. The property has a land size of 72m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 1 bedroom Townhouse sold in Merrimac in the last 12 months.

Building Type
Townhouse
Year Built
2008
Floor Size
82m2
Land Size
72m2
Local Government
Gold Coast City
Lot/Plan
331/SP211580

Last Listing description (April 2024)

Where can you get any investment property on the Gold Coast for this price? If you are looking for an easy, no fuss property with solid returns - look no further! There are 3 terrific units available to purchase in this community, all with good tenants paying $280 per week - buy one, or do a deal for multiple and maximise your income/return!

Please note: due to the current pension scheme/DA/gov accreditation over this community, these units are for pensioner tenants to occupy and come with leases attached, sorry no owner occupiers.

Each of the single accommodations are fully resourced, servicing those looking for affordable assisted living accommodation. All the units have a good long term tenants already in place, paying $280 per week!

INCOME AND OUTGOINGS (approx)
Rental income: $14,560 per year per unit
Council Rates: $2400 per year per unit
Water Rates $1060 per annum approx
Body corp/sinking and admin levies/caretaker levies: $3854 per annum (per unit)
Onsite management of rental approx 8.25% of rental income (approx $1,160 per annum)

Levies include, building insurance, public liability insurance, admin/sinking fund levies, caretaker fees, common area maintain (Tenants pay for own electricity usage/owner pays for water rates) (figures are approx and buyers should do their own due diligence)

Virtual inspection tours below (you will need to cut and paste into your browser)
2. Lot 311 - https://my.matterport.com/show/?m=dDBRjB78baV
5. Lot 331 - https://my.matterport.com/show/?m=ppWU5EqHP5b

Each neat single level villa comes fully equipped/white goods, ready for any tenant to move in and features, a kitchenette, open plan lounge area with durable flooring, queen sized bedroom with built-in robe, air conditioning/ceiling fans, large bathroom/combined laundry with washer/dryer, security screen, privacy blinds, and undercover patio at front and open air patio at the back.

Assisted Living at Bouganvillea Lodge offers your tenants a peaceful lifestyle with privacy and security, within a friendly communal environment. Virtually no vacancy, with a waiting list to live here, so you can enjoy the secure returns and protection of your investment with the bonus of having full time managers onsite to help with the residents everyday needs.

Bougainvillea Lodge is centrally located at peaceful Merrimac, easily accessible to all the Gold Coast has to offer. Easy access to Pacific Highway to Broadbeach via Gooding Drive past Carrara Markets. Worongary Shopping centre with Coles and 40 shops is 500m away. Also, there will be a train station within 10 mins walk in the planning/construct phase.

Merrimac Tavern is less than 1km away; McDonalds, Coffee Shops & Take Away, all an easy walking distance and only around 10 mins drive major shopping centres of Pacific Fair, Robina Town Centre. Beautiful Gold Coast’s beaches and hinterland are only 15 minutes’ drive away; Brisbane CBD is less than one hour drive on M1

Disclaimer: In the preparation of this 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

Property History for 331/5 Bourton Rd, Merrimac, QLD 4226

A timeline of how this property has performed in the market
Last Sold
$237,000
19 Aug 2024
  • 19 Aug 2024
    Sold for $237,000
  • 08 Apr 2024
    Listed for Sale Over $110,000 each
  • 03 Sep 2022
    Sold for $230,000
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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 3,027 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.
There are currently 29 properties listed for sale, and 7 properties listed for rent in Merrimac on OnTheHouse. According to CoreLogic's data, 160 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.