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Sold on 20 Nov 2024 - Price Unavailable

44/47 Mowatt Street
Queanbeyan East NSW 2620

Bedrooms: 2
Bathrooms: 2
Car spaces: 2
Floor area: 83m2
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Property Details for 44/47 Mowatt St, Queanbeyan East

44/47 Mowatt St, Queanbeyan East is a 2 bedroom, 2 bathroom Apartment with 2 parking spaces. The property has a floor size of 83m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 2 bedroom Apartment sold in Queanbeyan East in the last 12 months.

Building Type
Apartment
Floor Size
83m2

Last Listing description (November 2024)

We're excited to bring to market this exceptional ground-floor 2-bedroom unit, currently leased to Defence Housing Australia (DHA) until 14/02/2027. With guaranteed rental income and the added security of DHA's end-of-lease provisions, including re-carpeting, re-tiling, and repainting, this property offers peace of mind and long-term value.

Situated in the sought-after area of Queanbeyan East, this modern 2-bedroom, 2-bathroom apartment is the perfect choice for those looking at properties to invest in. It boasts a spacious layout with stylish interiors, making it an ideal option for anyone considering purchasing an investment property or exploring rentals to buy.

The property includes two carport spaces for added convenience, and at a price guide of $550,000 - $570,000, it represents excellent value for those seeking an investment in property or a DHA investment.

Enjoy the benefits of indoor-outdoor living with a covered courtyard perfect for entertaining, and elevate your lifestyle with the luxury of a pool within the complex. This Australian Defence Housing unit offers a unique chance for investors interested in rentals in NSW and the security provided by the Defence Housing Authority of Australia.

THE NUMBERS:
Leased with DHA until 14/02/2027
The current rent is $555 pw (with a review every December)
Strata $1,189 pq
Rates $2,386 pa
Unit 83m2
Front & Rear Courtyard 48m2 (Combined)
Total 131m2

A Defence Housing Australia (DHA) lease offers the new owners amazing inclusions such as guaranteed rental income, a comprehensive property care/maintenance package, & annual independent professional rental valuations and adjustments, all of which are designed for stress free investing. Ideal for investors located anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option. Owners will also benefit from generous inclusions including a full re-paint and re-carpet of the home throughout some stage of the lease. You can also choose to discuss DHA's requirements for the home on a longer term basis with the potential for a new lease. and are free to sell to another investor at any time during the lease.

DHA LEASE BENEFITS:
• DHA guarantees to pay the rent even if the property is vacant.
• DHA Property Care, an all-inclusive service fee, covers a range of property related services.
• The property is cleaned at the end of each tenancy period.
• The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement)
• A rental floor may apply to the DHA Lease Agreement (applicable to specific lease editions and applies to commencement rent).

In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.

Don't miss this opportunity to start buying investment properties with stability and growth potential!

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Property History for 44/47 Mowatt St, Queanbeyan East, NSW 2620

A timeline of how this property has performed in the market
Last Sold
20 Nov 2024
Listed for Rent
$330/w
09 Nov 2018
  • 05 Dec 2024
    Listed for Rent $480 / week
  • 20 Nov 2024
    Sold for $555,000
  • 05 Aug 2024
    Listed for Sale $550,000 - $570,000
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About Queanbeyan East 2620

The size of Queanbeyan East is approximately 4.3 square kilometres. It has 12 parks covering nearly 14.5% of total area. The population of Queanbeyan East in 2011 was 3,765 people. By 2016 the population was 3,929 showing a population growth of 4.4% in the area during that time. The predominant age group in Queanbeyan East is 30-39 years. Households in Queanbeyan East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Queanbeyan East work in a professional occupation. In 2011, 49% of the homes in Queanbeyan East were owner-occupied compared with 45.4% in 2016.

Queanbeyan East has 3,126 properties. Over the last 5 years, Houses in Queanbeyan East have seen a 46.41% increase in median value, while Units have seen a 54.72% increase. As at 28 February 2025:

  • The median value for Houses in Queanbeyan East is $841,158 while the median value for Units is $427,122.
  • Houses have a median rent of $500 while Units have a median rent of $430.
There are currently 11 properties listed for sale, and 13 properties listed for rent in Queanbeyan east on OnTheHouse. According to CoreLogic's data, 136 properties were sold in the past 12 months in Queanbeyan east.

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