OFF MARKET

7203/31 Bourton Road
Merrimac QLD 4226

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 82m2
Land area: 92m2
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Property Details for 7203/31 Bourton Rd, Merrimac

7203/31 Bourton Rd, Merrimac is a 2 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2019. The property has a land size of 92m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
Unit
Year Built
2019
Floor Size
82m2
Land Size
92m2
Local Government
Gold Coast City
Lot/Plan
7203/SP304120

Last Listing description (January 2022)

Welcome to Sage, an unrivaled offering in contemporary apartment living. Built around manicured green landscapes and neighbour to the future Green Heart Urban Parkland system, youll enjoy a beautiful setting.

Best of all, this peaceful oasis is just minutes to a world of shopping, entertainment and commerce.
Sage Apartments offer sweeping views across vast expanses of open space toward the North East and mountain views across to the hinterland.

With interest rates are at an all-time low, now is the perfect time to be a part of the exciting next phase of the citys growth. The growing population of the Robina / Merrimac area ensures high demand and consistent rental returns.

This stunning apartment has been stylishly finished and features:
- 2 Bedrooms
- 2 Bathrooms
- Spacious open plan living & dining
- Gourmet kitchen with stone bench tops & quality appliances
- Separate laundry
- Balcony entertaining areas with scenic outlooks
- 2 Secure car spaces
- Located on Level 2

KEY INVESTMENT INFORMATION
- Currently rented until November 2021 for $450 per week with expected return in current market $470-$490 per week
- Rental Yield 5.5%
- Growth 11.41% in the past 3 years
- 1st year depreciation $12,000
- Vacancy rates 1%
- Approved for Self Managed Super Funds

COUNCIL/WATER RATES (outgoings)
Approximately $2,500 per annum

BODY CORPORATE FEES (outgoings)
Approximately $884.86 per quarter

STANDARD APARTMENT FEATURES
40mm stone bench tops to kitchen
Ceramic bench top hotplates with range-hood exhaust
Stainless steel appliances
Glass or marble splash back
Laminate timber flooring, tiles & carpet throughout
Tiled balcony
Split system air-conditioning in main bedroom and living
Walk in robe to master
Clothes dryer

COMPLEX FEATURES
3 hectares of private parklands
Concrete driveways and pathways
On-site manager
Established gardens
Two swimming pools
Visitor car parking
BBQ facilities with generous outdoor entertainment areas
Audio Intercom System to all apartments

For more information or to arrange a private inspection contact Anthony Steinberg on 0439 999 969

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Property History for 7203/31 Bourton Rd, Merrimac, QLD 4226

A timeline of how this property has performed in the market
Last Sold
$469,900
02 Mar 2021
  • 02 Mar 2021
    Sold for $469,900
  • 17 Feb 2021
    Listed for Sale $469,900

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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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