OFF MARKET

1D/73-75 Banksia Street
Botany NSW 2019

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
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Property Details for 1d/73-75 Banksia St, Botany

1d/73-75 Banksia St, Botany is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces.

Building Type
Townhouse
Local Government
Bayside

Last Listing description (September 2021)

This elegant, 3 storey terrace style residence in the Somerset complex will appeal to investors looking to secure an executive investment property with government guaranteed rent and a quality tenant. Located within easy driving distance to: Sydney CBD, Maroubra Beach, Coogee Beach, Sydney Airport, Westfield Eastgardens, golf courses and the prestigious Eastern Suburbs. A short stroll to: shops, cafs, pubs, pools, Booralee Park and more this property provides a long-term steady income stream for its owner. Currently rented to Defence Housing Australia (DHA) until January 2026, with a further 3 year option. Purchase now and have the choice to: sell, rent out or move in after DHA conduct their end of lease make good.

Property Features
Ground Floor-

Generous size living/dining area
Kitchen with gas top cooking, rangehood and electric oven
Laundry with yard access
Powder room
Single garage with internal access + I additional car space in private driveway
Private paved courtyard
Air conditioning

First Floor-
3 bedrooms all with built ins, main with ensuite
Extensive, full length balcony accessed by bedrooms 1 & 2
2 bathrooms- main with separate toilet, bath and shower

Second Floor-
Large Attic with drop down ladder to access

Whats Nearby?
Distance to amenities (approx.)
Sydney CBD: 8 km
Maroubra Beach 6 km
Coogee Beach: 9 km
Sydney Domestic airport: 3 km
Sydney International airport: 6 km
Westfield Eastgardens: 3 km
The Lakes Golf Club: 6 km
Botany Aquatic Centre: 35 0m
Banksmeadow Public School: 1.5 km
University of NSW: 6 km
Randwick Racecourse: 9 km
Bus stop 307 & 310X Services: 100 m

Lease details:
Current weekly rent: $880 p.w (reviewed annually)
Lease: 26/01/2020- 25/01/2026
Lease option: 1 x up to 36 months
Right to Vary: 1 x up to 12 months Reduction and 1 x up to 12 months Extension (refer to the DHA Lease Agreement)
All options and variations are exercised at DHA's discretion

DHA lease benefits:
DHA guarantee 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 professionally 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

This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place. Visit dha.gov.au to learn the benefits of investing in Defence Housing Australia property.
Photos are supplied under agreement by DHA and are for illustration purposes only.

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

To find out more about this great investment opportunity please contact Tracee Stuart at Hudson Property, the Defence Specialists.

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Property History for 1d/73-75 Banksia St, Botany, NSW 2019

A timeline of how this property has performed in the market
  • 10 Jun 2021
    Listed for Sale $1,350,000 - $1,400,000

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About Botany 2019

The size of Botany is approximately 3.7 square kilometres. It has 10 parks covering nearly 16.2% of total area. The population of Botany in 2011 was 8,884 people. By 2016 the population was 10,827 showing a population growth of 21.9% in the area during that time. The predominant age group in Botany is 30-39 years. Households in Botany are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Botany work in a professional occupation. In 2011, 69.4% of the homes in Botany were owner-occupied compared with 63.4% in 2016.

Botany has 6,681 properties. Over the last 5 years, Houses in Botany have seen a 44.63% increase in median value, while Units have seen a 18.69% increase. As at 31 October 2024:

  • The median value for Houses in Botany is $1,956,385 while the median value for Units is $955,350.
  • Houses have a median rent of $980 while Units have a median rent of $850.
There are currently 27 properties listed for sale, and 36 properties listed for rent in Botany on OnTheHouse. According to CoreLogic's data, 285 properties were sold in the past 12 months in Botany.

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