SOLD
Sold on 11 Oct 2024 for $623,000

6 Hargrave Street
Muirhead NT 0810

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 150m2
Land area: 499m2
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Property Details for 6 Hargrave St, Muirhead

6 Hargrave St, Muirhead is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2015. The property has a land size of 499m2 and floor size of 150m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom House sold in Muirhead in the last 12 months.

Building Type
House
Year Built
2015
Floor Size
150m2
Land Size
499m2
Local Government
Darwin
Lot/Plan
Loc 550 Lot 11530/LTO2013/110G

Last Listing description (September 2024)

This is a rest-easy investment - with no vacancies and Defence Housing will maintain the property for you!

Located in a quality estate and with Australia's best residential tenant - you can invest with confidence!

This modern home offers depreciation write-offs as well as strong rental returns.

Some points to consider -
* 12-year lease with a 3-year option period
* Lease expires early 2028 - potential to extend to 2031
* Home built in 2015
* 3 bedrooms, main with ensuite
* All 3 bedrooms have tiled floors and built-in robes
* Separate Lounge and Family rooms
* Large verandah located off the dining area
* The home is fully air-conditioned by split-system units
* It has tiled floors throughout
* A double lock-up garage with storage space and internal access
* Solar hot water on the roof
* Solar power panels installed on the roof
* 499sqm lot with a generous 20m frontage
* Small 1.0m x 1.0m electrical easement
* In a neighbourhood of similar, good-quality homes
* Just 100m walk to a large neighbourhood park
* Casuarina Square, Royal Darwin Hospital and University, all close by
* Darwin city rates approx. $1 916p.a
* Garbage collection $312p.a

DHA Lease Summary
Lease end date: February 2028
Current Rent For 2024: $760 per week
Nett monthly rent after DHA fees: Approx. $2 759pcm

DHA Lease Options and Variations
Lease option: Up to 3-year lease-option period - option in favour of DHA
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 2024 rental figure.
Photos are supplied under agreement by DHA and are for illustration purposes only.

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Property History for 6 Hargrave St, Muirhead, NT 0810

A timeline of how this property has performed in the market
Last Sold
$623,000
11 Oct 2024
  • 11 Oct 2024
    Sold for $623,000
  • 08 Feb 2024
    Listed for Sale Not Disclosed
  • 09 Feb 2016
    Sold for $680,000

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About Muirhead 0810

The size of Muirhead is approximately 1.7 square kilometres. It has 11 parks covering nearly 9.3% of total area. The population of Muirhead in 2006 was 84,116 people. By 2016 the population was 2,418 showing a population decline of 97.1% in the area during that time. The predominant age group in Muirhead is 30-39 years. Households in Muirhead are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Muirhead work in a professional occupation. In 2006, 31.6% of the homes in Muirhead were owner-occupied compared with 46.1% in 2016.

Muirhead has 1,287 properties. Over the last 5 years, Houses in Muirhead have seen a 35.59% increase in median value, while Units have seen a 32.16% increase. As at 30 November 2024:

  • The median value for Houses in Muirhead is $695,453 while the median value for Units is $662,940.
  • Houses have a median rent of $800 while Units have a median rent of $765.
There are currently 18 properties listed for sale, and 7 properties listed for rent in Muirhead on OnTheHouse. According to CoreLogic's data, 59 properties were sold in the past 12 months in Muirhead.

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