OFF MARKET

7 Scanlan Court
Farrar NT 0830

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 171m2
Land area: 684m2
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Property Details for 7 Scanlan Ct, Farrar

7 Scanlan Ct, Farrar is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 684m2 and floor size of 171m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
House
Year Built
2005
Floor Size
171m2
Land Size
684m2
Local Government
Palmerston
Lot/Plan
Loc 590 Lot 8180/S2000/177B

Last Listing description (November 2022)

A classic Overlander Homes construction, with some finishing touches that set it apart from the rest.

Leased to Defence Housing, this quality home is a perfect investment for now - and maybe your own live-in home when Defence moves out.

In the meantime, collect the rent from Australia's best residential tenant and rest easy with their renowned management of the property during the lease period. You will get the home returned to you in very good condition.

The home was privately built and then leased to DHA at a later date. It is definitely a home you and others will want to live in.

Consider the features -

* 4 bedrooms, main with ensuite
* All 4 bedrooms have tiled floors and built-in robes
* The family and dining areas adjoin the side verandah
* Extra media room or second living area
* The home is fully air-conditioned by split-system units
* Lovely walk-thru robe in the main bedroom
* Attractive timber features throughout the home
* Double lock-up garage with storage space and internal access
* Generous 684sqm lot with room for kids to play
* Generous 18m frontage
* Neighbourhood of similar-quality homes
* Situated in a quiet cul-de-sac
* Close to the Palmerston CBD
* Palmerston Council rates are $1287p.a + garabge collection $480p.a

DHA Lease Summary
Lease end date: September 2023
Current Rent For 2022: $680 per week

DHA Lease Options and Variations
Lease option: Up to 3-year lease-option period
Right to vary: 1 x up to 12 months Reduction/Extension in the lease term

Note: The right to vary the term of the lease is at DHA's discretion.

* 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 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).

Investing with DHA - This property is for sale on behalf of a DHA lessor and has a DHA (Defence Housing Australia) lease in place.
Visit dha.gov.au to learn about the benefits of investing in DHA property.

DHA regulations mean that this property will be available for private inspection only and to prequalified buyers only.

The rent displayed is the 2022 rental figure.

Photos are supplied under agreement by DHA and are for illustration purposes only.

Property History for 7 Scanlan Ct, Farrar, NT 0830

A timeline of how this property has performed in the market
Last Sold
$570,000
25 Nov 2022
  • 25 Nov 2022
    Sold for $570,000
  • 29 Sep 2022
    Listed for Sale $585 000
  • 12 Mar 2015
    Listed for Sale Offers Over $500,000
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About Farrar 0830

The size of Farrar is approximately 1.5 square kilometres. It has 4 parks covering nearly 7.2% of total area. The population of Farrar in 2011 was 1,409 people. By 2016 the population was 1,500 showing a population growth of 6.5% in the area during that time. The predominant age group in Farrar is 30-39 years. Households in Farrar are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Farrar work in a trades occupation. In 2011, 56.5% of the homes in Farrar were owner-occupied compared with 52% in 2016.

Farrar has 682 properties. Over the last 5 years, Houses in Farrar have seen a 26.51% increase in median value, while Units have seen a 31.21% increase. As at 31 July 2024:

  • The median value for Houses in Farrar is $602,073 while the median value for Units is $353,507.
  • Houses have a median rent of $650 while Units have a median rent of $555.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Farrar on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Farrar.

Suburb Insights for Farrar 0830

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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.