SOLD
Sold on 26 Nov 2024 for $560,000

6 Stuart Place
Sale VIC 3850

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 760m2
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Property Details for 6 Stuart Pl, Sale

6 Stuart Pl, Sale is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 760m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 3 bedroom House sold in Sale in the last 12 months.

Building Type
House
Land Size
760m2

Last Listing description (November 2024)

We are proud to present buyers with this desirable home, currently under lease to DHA (Defence Housing Australia) until December 2031 + 3 yr option.

A DHA (Defence Housing Australia) 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. At lease end the home would be handed back for you to do as you like - move in, rent out privately or sell. You can also choose to discuss DHA's requirements for the home on a longer term basis with the potential for a new lease. You're also free to onsell to another investor at any time during the lease.

The city of Sale is located 220km South East of Melbourne, in Victoria's Gippsland region, and supports a capacity of approximately 700 RAAF personnel. The base plays a major role in training the next generation of Air Force personnel & with the Governments recent $400M upgrade the base is set to become the home of Defence Force aviation training for decades to come.

LEASE DETAILS :
* Current lease dates : 16/12/2010 - 15/12/2025
* Leased end date 16/12/2025 - 15/12/2031
* Option available : 1 x 36 month option
* Right to vary : 1 x up to 12 months reduction and 1 x up to 12 months extension
* Important Note: The 12 month right to vary is at DHA’s discretion.

CURRENT RENT FOR 2024 : $495PW and adjusted annually according to market value by an independent professional valuation.

PROPERTY FEATURES:
* 3 Large Spacious carpeted bedrooms
* Master suite with Walk-In robe, Air-conditioning and Ensuite
* Two living areas including a separate lounge
* Modern kitchen boasts stainless steel cooking appliances & ample storage and bench space.
* Evaporative cooling and gas ducted heating throughout
* Tiled family & meals area with double sliding doors opening to Large outdoor undercover alfresco dining area.
* Ceiling fans throughout
* Double lock up garage with internal access & drive through door to rear yard
* Security screens
* Spacious 760 sqm flat block.
* Built approx 2009

DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most maintenance paid for by DHA
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* Zero re-letting fees

RATES :
Council approx $TBC
Water approx $TBC

** A note for Owner Occupiers -This property is sold with a DHA (Defence Housing Australia) lease in place which offers significant benefits to the investor however can’t be occupied by the owner/s until the lease ends **

***Investing with DHA - This property is for sale on behalf of a DHA Lessor and has a DHA Lease Agreement in place. Visit dha.gov.au to learn about the benefits of investing in a DHA property. If you would like to arrange an inspection please contact Sharon Richter of Hudson Property Agents. In accordance with DHA regulations, we advise that this property will only be available for private inspections and must be co-ordinated by the agent with the tenants.
Information provided above has been obtained from various sources which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a Floorpan, lease dates, build date, land size, floor plans and size, and property condition. Interested parties should make their own enquiries and conduct their own due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.

Property History for 6 Stuart Pl, Sale, VIC 3850

A timeline of how this property has performed in the market
Last Sold
$560,000
26 Nov 2024
  • 26 Nov 2024
    Sold for $560,000
  • 07 Nov 2024
    Listed for Sale $550,000 - $560,000
  • 04 Mar 2024
    Listed for Sale $550,000
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About Sale 3850

The size of Sale is approximately 46 square kilometres. It has 35 parks covering nearly 2.8% of total area. The population of Sale in 2011 was 13,185 people. By 2016 the population was 13,673 showing a population growth of 3.7% in the area during that time. The predominant age group in Sale is 0-9 years. Households in Sale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sale work in a professional occupation. In 2011, 64.9% of the homes in Sale were owner-occupied compared with 63.9% in 2016.

Sale has 8,792 properties. Over the last 5 years, Houses in Sale have seen a 57.88% increase in median value, while Units have seen a 34.43% increase. As at 28 February 2025:

  • The median value for Houses in Sale is $489,178 while the median value for Units is $306,357.
  • Houses have a median rent of $485 while Units have a median rent of $365.
There are currently 175 properties listed for sale, and 19 properties listed for rent in Sale on OnTheHouse. According to CoreLogic's data, 347 properties were sold in the past 12 months in Sale.

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Sharon Richter
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Hudson Property
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all liability for any loss or damage arising in connection with the data and information contained in this publication.