188 River Park DriveAnnandale QLD 4814
Property Details for 188 River Park Dr, Annandale
188 River Park Dr, Annandale is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2002. The property has a land size of 557m2 and floor size of 162m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (March 2024)
INVESTORS: This property represents a perfect opportunity for a savvy investor. With a current DHA (Defence Housing Australia) lease in place and rent guaranteed until the end of the lease, locked in until June 2025. At lease end the home will be recarpeted and repainted inside and out before being 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 sell to another investor at any time during the lease.
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.
With Townsville experiencing some of the highest rental yields in the country, vacancy rates continuing to come down and property experts reporting Townsville still producing good capital growth options, now is the time to lock down your investment.
LEASE DETAILS :
* Lease edition 6B
* Lease start date 14/06/2016
* Lease end date 13/06/2025
* Lease option USED
* Right to vary 1 x up to 12 months Reduction and 1 x up to 12 months Extension
* All options/extensions are in DHA's FAVOUR.
CURRENT GROSS RENT for 2023: $480pw and adjusted each December according to an independent professional valuation using comparable rentals.
PROPERTY FEATURES :
* 4 Large bedrooms including Main with Ensuite, Air Con and ceiling fans
* Generous size kitchen with ample storage and bench space
* Bedroom 2, 3 & 4 feature walk in robes
* Outdoor undercover living area overlooking fully fenced rear yard
* Two separate living areas inc air-conditioned family and lounge
* Security Screens on doors and windows
* Ceiling fans in all bedrooms.
* Built approx 2003
* Approx 557sqm of land
* Spacious flat rear yard
* Garden/storage shed
* Short drive to both Annandale Shopping Centre and Fairfield Shopping Centre
* Short drive to James Cook University Hospital & University and Lavarack Barracks
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most non-structural 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
** 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 Floorplan, 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 188 River Park Dr, Annandale, QLD 4814
- 05 Sep 2023Sold for $521,000
- 30 Aug 2023Listed for Sale Offers above $489,000
- 14 Apr 2004Sold for $371,000
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About Annandale 4814
The size of Annandale is approximately 6.8 square kilometres. It has 13 parks covering nearly 27.9% of total area. The population of Annandale in 2011 was 8,972 people. By 2016 the population was 8,570 showing a population decline of 4.5% in the area during that time. The predominant age group in Annandale is 10-19 years. Households in Annandale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Annandale work in a professional occupation. In 2011, 71% of the homes in Annandale were owner-occupied compared with 71.4% in 2016.
Annandale has 3,122 properties. Over the last 5 years, Houses in Annandale have seen a 63.88% increase in median value, while Units have seen a 45.90% increase. As at 31 October 2024:
- The median value for Houses in Annandale is $667,619 while the median value for Units is $408,173.
- Houses have a median rent of $560.
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