Why buy:
This home satisfies many key sought after criteria: close to the Mudgeeraba Village with its old fashion village atmosphere (2 minutes drive to all amenities including GP, chemist, supermarket, hotel, schools, vet, sporting facilities, parks & transport); only 10 minutes drive to the beach; set in quiet street amongst established homes; backing onto parkland creating a very private lifestyle for you & your family; everything you desire in a property is right here including room for an in-ground pool on a larger than normal, flood- free, suburban block boosting 891 m2.
You will enjoy the Guinea Rosewood kitchen, the relaxed/wide open modern living space that gives the home a timeless appeal as well as the windows & sliding doors that draw breezes in and integrates the outdoors. This is a very functional, aesthetically pleasing and sustainable home located in a sought after & convenient location. The maintenance free colorbond backyard fencing keeps your 4 legged friends at home and provides you with total privacy. The insulation and the solar hot water system helps you bring your power costs down.
The property is currently tenanted ($435/week) until end of May 2011 where the weekly rental is

expected to be increased reflecting the current market where the median weekly rent for the area
(according to the RTA) is now sitting at $480/week. Depreciation schedule available upon request.
Whether you look at this property as an investment home or as new family home with this prime location you will be making a great investment for the future.

Property Location:
13 MILKY WAY, MUDGEERABA QLD 4213
Latitude 28 4’20.49″S Longitude 15321’18.08″E

Property ID:
Lot: 7
Plan #: RP175239
Zoning: RESIDENTIAL A (ALBERT)
Pariah: GILSTON
Title ref #:
LGA: GOLD COAST CITY COUNCIL

Land info:
Street frontage: 15.8 m
Parkland frontage: 22.3 m
Max depth of block 49.5 m
Land area: 891 m2 = 0.22 acres = 35.2 perch

Property Facts:
General:
* Low set brick veneer home
* Patio at the front and the back of the home
* Easily maintained native plant garden
Interior:
* Living area
* Dining area
* Family area
* 4 bedrooms
– Master bedroom with BIR
– Bedroom # 2 with BIR
– Bedroom # 3 with BIR
– Bedroom # 4 with BIR
* 2 Bathrooms
– Ensuite to master bedroom
– Family bathroom with separate toilet
* Kitchen
– Open plan New Guinea Rosewood kitchen
* Laundry
* Interior walls: Gyprock
* Floor covering: Italian tiles throughout
* Flyscreens & sliding doors:
CRIMSAFE throughout
* Solar hot water system with electric booster
* Ceiling fans in all bedrooms
* Deakin reverse cycle aircon unit in family area
Exterior:
* Exterior walls: Bricks
* Roof: Tiles
* Undercover outdoor entertainment area

Investor info:
* Long term tenant occupying the property
* Current weekly rent $435/week
* Current lease expire Sunday 22 May 2011
* PriceFinder sales price estimate: $499,496
* PriceFinder rent estimate: $466/week
* Growth in 2010: 4.2% based on 147 sales
(Source: www.pdslive.com.au)
* Median rent for area: $480/week
(Source: www.rta.qld.gov.au Median rent for postcode 4213, Sep quarter 2010, based on 47 properties)
* Vacancy rate for postcode 4213: 1.9%
(Source: www.sqmresearch.com.au Nov 2010)
Depreciation schedule can be provided on request

Distances:
* Shopping:
– Mudgeeraba Village 2 km
– Robina Shopping Centre 3 km
– Brisbane CBD: 80 km
* Pre-Schools:
– Mudgeeraba Preschool 0.5 km
– Montessori Educational Child Care 1 km
– Amaze Early Education Centre 1 km
* Schools:
– Mudgeeraba Primary School 0.5 km
– Robina Secondary College 2 km
* Sports Facilities:
– Robina Stadium 2 km
– Robina Aquatic Centre 4 km
– Gold Coast Seniors Tennis Club 7 km
– Carrara Sports Complex 7 km
* Beaches:
– Mermaid Beach 10 km
– Surf Club Burleigh Heads 13 km
* Train Stations:
– Robina station: 3 km
* Airports:
– Gold Coast Airport: 22km
– Brisbane International Airport: 88 km

Property sales history:
$180,000 – 03/07/2001
$165,000 – 01/05/1995
$106,000 – 07/08/1988

Current sales stats for the area:
Year 2010 – median price $495K (based on 147 sales)
Year 2009 – median price $475K (based on 245 sales)
Year 2008 – median price $490K (based on 203 sales)
(source: PDSLive/PriceFinder www.PDSLive.com.au)

Current sale history:
Date listed for sale: 20 Jan 2011
Price adjustment: N/A

Inspections: By appointment only
(minimum 24 hour notice to tenant)

Sustainability Declaration:
A copy of the Sustainability Declaration Form for this property can be obtained from our office.

Disclaimer:
The above property information has been produced by place2live based on in-put from the vendor(s) and other sources. While it is trusted to be correct, the information can not be guaranteed and prospective buyers must rely on their own enquiries/investigations.