1 Bedroom House for Sale in WILLOW VALE 8/400 Ruffles Road

8/400 Ruffles Road WILLOW VALE

SOLD by The Edgar Natolo Team

Surrounded by approximately 81 hectares of tranquility, here is a chance for you to secure a very rare property as an owner occupier or investor with a secure income source. The property can either be owner occupied or leased. Either way, making this a very affordable home.

There are NO council water rates at this property as there is a Bore system that is treated and piped, installed at the complex.

This hill top property located in the Willow Vale Mountain Resort features:
• 1 large bedroom upstairs with built-in robe, air-conditioning & ceiling fan
• Open plan air-conditioned living with built-in TV & dining area
• Fully functional kitchen with dishwasher & fridge
• Large bathroom with separate toilet & washing machine
• Large outdoor balcony
• Undercover car park
• Secure gated estate
• Facilities include swimming pool, tennis court & walking trails

Located close enough to supermarkets, takeaway, tavern, public and private schools, service stations and local community centre, plus the new Westfield Coomera and the M1 motorway. You will feel away from it all still with all the amenities you require.

Live in there yourself:
Should you wish to live in there yourself, the only expenses are body corporate fees, council rates and building insurance.

Rent it out:
Should you wish to rent this property out as as investment, below are the approximate figures for you:

Yearly rental income = $17,160.00 (based on current $330 per week rent)

LESS yearly expenses:

Body corporate fees = $3081.63* (Admin Fund $2,062.50 + Sinking Fund
$1,019.13) (approx per year based on last 12 months statements)
Council rates = $1,388.60 (no council water charges payable due to spear water)

NETT INCOME approx = $12,689.77
*(Please note that these are approximate figures only)

Borrowing funds?
• Current known lenders include: Suncorp, ANZ and Bank of Queensland.
• Due to smaller property size, some banks will lend 60%-80% of the sale price. Cash or equity in other property will be required for the balance.

Common FAQ:
1). What are the vacancy rates?
Vacancy rates are based on how you wish to rent out the property. As with all the other properties, houses, units, apartments we manage on the Gold Coast and Brisbane we recommend you obtain long term tenants with 6 month leases minimum and 12 months preferable and give tenants to option to continue renewing their leases to avoid any vacancy period.

2). Who is managing the properties?
As we have many years experience there and a well established property management division our agency we manage the properties.

3). Are there any restrictions or permission needed if I want these in the future?
No restrictions, this is just like any other normal property, you can rent, sell them whenever and to whomever you want.

4). Are these strata titled, do I own any of the land?
Yes, just they are just like owning any other property, townhouse or duplex. You own the land size written in the description.

5) How many Chalets are there?
There are 30 Chalets in the retreat with the 20 loft style 1 bedrooms on the left side of the retreat and the 10 highest 2 bedroom homes on the right boundary of the retreat.

6) How old are they?
Originally built in 1992 and 1993.

7) Is the sale freehold or leasehold?
The sale is strata title freehold meaning you own the title to the property just like any other normal property.

8) Would you experience capital growth?
Like most property investments it is subject to the forces of the property market including, supply & demand, interest rates, consumer confidence, etc. Historically these chalets keep rising in value immensely each time once becomes available which is very rare.

9) What common area land title does the Body Corp fee maintain?
Approx 81 hectares of common area.

10) What is Common Land and Strata Title?
Strata title allows individual ownership of part of a property (called a lot' and generally an apartment or townhouse), combined with shared ownership in the remainder (called 'Common Property' e.g. foyers, driveways, gardens) through a legal entity called the owners corporation — or body corporate, strata company.

11) Can they sell common land?
Nothing can be done on common land with body corporate or committee approval from all owners.

12) Do the chalets run on Town Water?
No, they are run on Bore water, which is groundwater that has been accessed by drilling a bore into underground water storages called aquifers. The water is treated and piped at the complex.

13) Is the complex on Septic or Town sewerage?
The complex has been installed with an Enviro Waste System.

14) Can the chalets be renovated inside?
Yes, you can renovate inside any way you like.

15) Can the outside of the chalets be renovated?
No they must all maintain the same look. Should you wish to repair/do maintenance that is fine. Any changes would need body corporate approval.

16) Are pets allowed in the chalets?
Pets are not allowed in the chalets without approval from the body corporate. You will need to contact the body corporate and supply the necessary application form.

17) Are there any on site managers?
No, there are no onsite managers. If you require property management, our network have been leasing and managing nearly all the properties there and can assist.

18) Who is the best provider for mobile reception and internet?
We have noticed that the best reception for mobile and wireless internet is provided by Teltra. For internet access, you best option is a Wireless 4G router and plan from Teltra. Please contact your preferred provider to find out what kind of internet is available.

19) What facilities are available to use?
The lower pool, spa and sauna plus the tennis courts are available for use by residents. All other pools, storage shed, gym equipment in storage shed are privately owned and not for use.



*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.*

The Edgar Natolo Team