SOLD
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Sold on 19 Apr 2024 for $610,950

5 Magdalen Street
Bellamack NT 0832

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 680m2
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Property Details for 5 Magdalen St, Bellamack

5 Magdalen St, Bellamack is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 680m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 4 bedroom House sold in Bellamack in the last 12 months.

Building Type
House
Land Size
680m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 10788/S2011/169

Last Listing description (April 2024)

Invest in the quality of the tenant - Defence Housing Australia.

Defence Housing is one of Australia's best residential tenants, and rest easy with their renowned management of the property during the lease period. Upon their vacation, the property will be handed back to you in good condition, ready for you or a new tenant - your choice.

DHA Lease Summary

- Lease end date: April 2026
- Current Rent For 2024: $830 per week approx.
- Net Rental Income (After DHA Fees 16.5% GST Inclusive): $693 per week approx.
- Monthly rental income = weekly rent x 4.3482

Variation of Lease Term Conditions
- Extend the term by a period up to the Variable Extension Period of 3 years;
- Extend the term by a period up to 12 months;
- Reduce the term by a period up to 12 months.

Important: DHA may by written notice, exercise each of the above 'variation to lease' rights, once (in any order).

- 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

Visit dha.gov.au to learn about the benefits of investing in DHA property.

Nestled in the serene neighborhood of Bellamack, this beautiful 4-bedroom, 2-bathroom family home, is set on a generous block, ready to welcome you. The essence of modern living is captured through its sleek tiled floors, a master bedroom with an ensuite and walk-in wardrobe, and a contemporary kitchen equipped with the latest appliances and fixtures. This home promises a blend of comfort and elegance, ideal for family living and entertaining.

Step outside onto the expansive outdoor patio, a perfect setting for relaxation and gatherings, complemented by the convenience of a double lockup garage. The property's thoughtful layout and features like built-in mirrored wardrobes enhance everyday living, making it a sanctuary for those seeking a harmonious blend of style and functionality. Embrace the opportunity to create lasting memories in this inviting home, where every detail contributes to a lifestyle of comfort and tranquility.

Property Highlights:
• Beautiful 4 bedroom 2 bathroom family home on a large block
• Double lockup garage ensures your vehicles are secure
• Built-in mirrored wardrobes in bedrooms, adding depth and brightness
• Entire home is tiled, ensuring easy maintenance and a modern look
• Master bedroom features an ensuite and a spacious walk-in wardrobe
• Large outdoor patio, perfect for entertaining or relaxing
• Modern kitchen equipped with the latest appliances and fixtures

Nearby Amenities:
• Bellamack Primary School
• Bakewell Woolworths
• Palmerston College
• The Bell Bar and Bistro

DHA regulations allow for this property to be available for private inspection to prequalified buyers only.

Contact Brandon and the Raine & Horne Team now for more information.

Property History for 5 Magdalen St, Bellamack, NT 0832

A timeline of how this property has performed in the market
Last Sold
$610,950
19 Apr 2024
  • 10 May 2024
    Sold for $610,950
  • 05 May 2023
    Listed for Sale $620 000
  • 10 Apr 2014
    Sold for $682,500
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About Bellamack 0832

The size of Bellamack is approximately 1.3 square kilometres. It has 5 parks covering nearly 20.4% of total area. The population of Bellamack in 2011 was 3,744 people. By 2016 the population was 2,445 showing a population decline of 34.7% in the area during that time. The predominant age group in Bellamack is 0-9 years. Households in Bellamack are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Bellamack work in a trades occupation. In 2011, 46.6% of the homes in Bellamack were owner-occupied compared with 36.5% in 2016.

Bellamack has 959 properties. Over the last 5 years, Houses in Bellamack have seen a 13.28% increase in median value, while Units have seen a 29.45% increase. As at 31 July 2024:

  • The median value for Houses in Bellamack is $604,367 while the median value for Units is $346,240.
  • Houses have a median rent of $673 while Units have a median rent of $525.
There are currently 16 properties listed for sale, and 3 properties listed for rent in Bellamack on OnTheHouse. According to CoreLogic's data, 70 properties were sold in the past 12 months in Bellamack.

Suburb Insights for Bellamack 0832

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Contact agent
Brandon Duncan
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Glenn Grantham
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Raine & Horne Darwin
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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 for any loss or damage arising in connection with the data and information contained in this publication.