7 Melastoma Way Arundel QLD 4214

4 / 2 / 2 / 335 m2

Here you can find what you need to know about 7 Melastoma Way , including how much it's approximately worth, a history of what it has previously sold for and even the estimated weekly rent. You can also view comparable house and unit for sale and sold prices, information about Arundel, QLD and much more.

Property photo of 7 Melastoma Way Arundel QLD 4214
Property photo of 7 Melastoma Way Arundel QLD 4214
Property photo of 7 Melastoma Way Arundel QLD 4214
Property photo of 7 Melastoma Way Arundel QLD 4214
Property photo of 7 Melastoma Way Arundel QLD 4214
Property photo of 7 Melastoma Way Arundel QLD 4214

Property Insights

7 Melastoma Way Estimated Value

$414,000 - $506,000

About Estimated Values

An automated valuation model estimate (AVM Estimate) is a statistically derived estimate of the sale or rental value (as the context requires) of the subject property. An AVM Estimate is generated (i) by a computer driven mathematical model in reliance on available data; (ii) without the physical inspection of the subject property; (iii) without taking into account market conditions which may, together or separately, affect the value.

An AVM Estimate is current only at the date of publication or supply and must not be relied upon as a professional valuation or an accurate representation of the market sale or rental value of the subject property.

CoreLogic does not warrant the accuracy, currency or completeness of the AVM Estimate and to the full extent permitted by law, CoreLogic excludes all liability for any loss or damage howsoever arising in connection with an AVM Estimate.
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Last sold for $390,000 on 20/09/2019

Sale Type: Normal Sale

Mortgage
Repayment
$358 pw
This calculation is an estimate of weekly mortgage repayments using the estimated property value and a 20% deposit over a 30 year term. The interest rate applied is the average of the big 4 bank's Standard Variable Rates. This tool is only a guide of what your weekly mortgage repayments might be and does not take into account your personal circumstances such as your borrowing power, the lender's home loan product features, the term of any mortgage and does not include all applicable fees and charges that might be applied if you purchase a property. Your actual weekly mortgage repayments may be different. Before acting on this calculation you should seek professional advice.
Estimated
Rent
High confidence
Gross
Cashflow
Estimated
Gross Yield
High confidence
Natural Hazard Risk
Example Only
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Pros & Cons

Things to like
  • Above market cashflow potential
  • Cheaper than comparable properties
  • Low risk of losing value
Things to look out for
  • Slower growth than market average

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the property Cashflow Score

Each property is given a score out of 100 based on one factor relating to the specific property and one factor relating to the suburb in which the property is located in. Each factor has a specific weighting.

A higher score indicates the property has higher than average estimated gross yield and is located in a suburb with similarly high yielding properties.

This property National
Estimated
Gross Yield
Manly, NSW National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the property Capital Growth Score

Each property is given a score out of 100 based on one factor relating to the specific property and three factors relating to the suburb in which the property is located in. Each factor has a specific weighting.

A higher score indicates the property has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

This property National
Change in Property
Value (1 yr)
Manly, NSW National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the property Lower Risk Score

Each property is given a score out of 100 based on two factors relating to the specific property and three factors relating to the suburb in which the property is located in. Each factor has a specific weighting.

A higher score indicates the property has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to command higher rent than average and therefore attract higher income tenants. Furthermore, it is likely to be easier to sell in the future due to strong market health indicators in the suburb it is located in.

This property National
Change in Property
Value (5 yr)
Estimated weekly
rent
Manly, NSW National
Average Days
on Market
Change in Median
Price (5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

About this Property

Details

Bedrooms 4
Bathrooms 2
Car Spaces 2
Land Size 335 m2
Floor Area 155 m2
House Type House: One Storey / Lowset
Council Area Gold Coast City - Gold Coast
Year Built 2000
Zone SPECIAL RESIDENTIAL (GOLD COAST)
Lot/Plan 20/SP109592 Arundel QLD
Property Type House

Last listing description (September 2019)

Overseas Investor Liquidates-For Sale by Openn Negotiation
For sale by Openn Negotiation (flexible term online auction) the property can sell at anytime. Contact Michael & Joel Lo immediately to become qualified.

"Meadowlands" in Arundel is the secret to success for owners, investors and tenants alike. It's the ease of living, size blocks and the onsite amenities available to all. Who wouldn't like a resort lifestyle without the fuss all the maintenance?

Along with a great open plan spacious 4 bedroom home you get on site management, function room, covered BBQ area, kids play area, gym and resort pool with spa.

This home is located in a quiet cul de sac which has no through traffic so it is kid friendly which is one of the reasons this tenant has rented here for so long and the fact that Arundel state school is a close drive for the kids.
Mum also likes all the parks and paths for her morning runs and Dad likes easy M1 access for work.

Location is also a big draw card - a quiet enclave of only 65 residences backing onto park reserve with easy access to M1, Rail and light rail giving ease of access to Griffith University and hospital.

If shopping is your thing the Helensvale Town Center is only a few minutes' drive away west and east is Harbour Town Shopping center, also the terrific Broadwater for boating and fishing.

Current lease with present tenant $510/wk and expires on 14/11/2019. Body corporate is approximately $64 per week. The rates for water are approx $1550 and council services are approx $1750 annually.

Seller's instructions are to present all written offers immediately. Come take advantage of this opportunity, contact Michael & Joel to confirm your interest and watch the video on buying by Openn Negotiation.

Property Timeline

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Latest Auction Results for Arundel as at 09 August 2020

Property Details
Sale Price
4Bed / 2Bath / 4Car / House
-
4Bed / 2Bath / 4Car / House
-

State Auction Clearance Rates - August 2020

Auctions Clearance rate
QLD 175 37%
ACT 51 73%
NSW 703 58%
NT 5 60%
SA 47 55%
TAS 0 0%
VIC 308 64%
WA 20 25%

Suburb Insights

Arundel, QLD 4214

No data available Part of: Gold Coast Council

Get neighbourhood info and insights with our Suburb Profile

View Arundel Suburb Profile View properties in Arundel

Occupancy


Demographic data provided
by Australian Bureau of Statistics


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Here you can find everything you need to know about 7 Melastoma Way, including the property sale history and estimated market value as well as insights into Melastoma Way and Arundel 7 Melastoma Way Arundel QLD 4214