SOLD
Sold on 10 Apr 2024 for $625,000

26 Merrijig Drive
Torquay VIC 3228

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 95m2
Land area: 8114m2
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Property Details for 26 Merrijig Dr, Torquay

26 Merrijig Dr, Torquay is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2018. The property has a land size of 8114m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 3 bedroom Unit sold in Torquay in the last 12 months.

Building Type
Unit
Year Built
2018
Floor Size
95m2
Land Size
8114m2
Local Government
Surf Coast
Lot/Plan
2405/PS826397

Last Listing description (February 2024)

!!EXCELLENT INVESTMENT OPPORTUNITY WITH A GUARANTEED RENT RETURN OF $550 Per Week FOR 12 MONTHS

This low maintenance abode delivers a first-class environment for the style conscious and provides the ultimate in townhouse living. Situated a fantastic location with access to all amenities including Quay Shopping village, reserves, Saturday's farmers market, medical facilities, public transport and if you love the ocean, you can be there in minutes.

The accommodation of 2 bedrooms includes built in robes and a split system unit, serviced by a timelessly designed bathroom and situated on the upper level of the property. Housing entry level is a spacious open plan living and dining zone incorporating a well-appointed kitchen with stone bench top, gas cooktop and dishwasher. Sliding doors from the kitchen lead to a private rear courtyard with built in gas BBQ where alfresco dining can be enjoyed.

A European laundry, powder room, single lock up garage with access from the courtyard, a secure car space, great storage, reverse cycle heating and cooling and double-glazed windows, 6-star energy rating, 4.2kw Solar power system with a solar battery which all helps to reduce the running costs and help keep the expenses at a minimum.

What a fantastic opportunity this presents for you to make the sea change, a weekend getaway or investment property (With a guaranteed Rent Return of $550per week for 12 months), an inspection is sure to impress!

Property History for 26 Merrijig Dr, Torquay, VIC 3228

A timeline of how this property has performed in the market
Last Sold
$625,000
10 Apr 2024
Listed for Rent
$520/w
05 Jul 2022
  • 10 Apr 2024
    Sold for $625,000
  • 10 Jan 2024
    Listed for Rent $550 / week
  • 29 Mar 2023
    Listed for Sale PRICED TO SELL - $695,000
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About Torquay 3228

The size of Torquay is approximately 34.5 square kilometres. It has 24 parks covering nearly 13.6% of total area. The population of Torquay in 2011 was 10,141 people. By 2016 the population was 13,268 showing a population growth of 30.8% in the area during that time. The predominant age group in Torquay is 0-9 years. Households in Torquay are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Torquay work in a professional occupation. In 2011, 72% of the homes in Torquay were owner-occupied compared with 73.4% in 2016.

Torquay has 11,070 properties. Over the last 5 years, Houses in Torquay have seen a 53.62% increase in median value, while Units have seen a 41.72% increase. As at 31 July 2024:

  • The median value for Houses in Torquay is $1,299,357 while the median value for Units is $884,234.
  • Houses have a median rent of $650 while Units have a median rent of $565.
There are currently 21 properties listed for sale, and 1 property listed for rent in Torquay on OnTheHouse. According to CoreLogic's data, 380 properties were sold in the past 12 months in Torquay.

Suburb Insights for Torquay 3228

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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.