4/120 Highfield DriveMerrimac QLD 4226
Property Details for 4/120 Highfield Dr, Merrimac
4/120 Highfield Dr, Merrimac is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1994. The property has a land size of 212m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in February 2024.
Last Listing description (June 2023)
Presenting a unique lifestyle or investment opportunity for all buyers alike, this well presented and maintained 3 bedroom 2 bathroom townhouse is accompanied by a high quality return.
This 3 bedroom townhouse is located in the proudly presented Ponte Verdes complex with pool, BBQ area, fire pit, and playground and includes the management rights overseeing the grounds and 11 managements of the complex with a contract until 2038.
Producing a high net income return allows for a multitude of buyers looking to downsize and semi retire, an investor looking to securing income for minimum to no work with outsourcing the managements or for a couple looking to owner occupy and operate themselves as the current owners are, a high profit return can be achieved by all.
The complex is in close proximity to all major facilities including the Robina Town Centre precinct, Hospital and CBUS Stadium and 5 minutes driving distance from highly regarded international golf courses located at Lakelands and Palm Meadows.
*3 bedroom 2 bathroom single garage townhouse with extra parking space
*Management rights overseeing complex maintenance
*Management rights contract until 2038
*Approximate Net Annual Income of $93,000
*Live on site and manage yourself or outsource managements and just oversee grounds maintenance
*Large enclosed courtyard
*5 minutes' drive from 2 international golf courses
Disclaimer:
Advertising Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but 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 the information contained herein.
* denotes approximate measurements.
Property History for 4/120 Highfield Dr, Merrimac, QLD 4226
- 19 Feb 2024Sold for $675,000
- 28 Oct 2021Listed for Sale $900,000
- 16 Mar 2010Sold for $350,000
Recent sales nearby
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0About Merrimac 4226
The size of Merrimac is approximately 9.0 square kilometres. There are 12 parks, covering nearly 12.9% of the total area. The population of Merrimac in 2016 was 7071 people. By 2021 the population was 7212 showing a population growth of 2.0% 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 professional occupation.In 2021, 63.00% of the homes in Merrimac were owner-occupied compared with 50.80% in 2016.
Merrimac has 3,048 properties. Over the last 5 years, Houses in Merrimac have seen a 75.02% increase in median value, while Units have seen a 74.03% increase. As at 30 June 2026:
- The median value for Houses in Merrimac is $1,230,251 while the median value for Units is $798,369.
- Houses have a median rent of $890 while Units have a median rent of $845.
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