5 Whela CloseBentley Park QLD 4869
Property Details for 5 Whela Cl, Bentley Park
5 Whela Cl, Bentley Park is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 741m2 and floor size of 165m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 4 bedroom House sold in Bentley Park in the last 12 months.
Last Listing description (January 2024)
INVESTORS: 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. At lease end the home is repainted at DHA's expense before being handed back for you to 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.
With Cairns experiencing some of the highest rental yields in the country, vacancy rates continuing to come down and property experts reporting Cairns still producing good capital growth options now is the time to lock down your investment.
Leased until 2026 with an option of 3 years which would take it through to 2029 and currently returning $580pw rent which equates to an impressive gross yield of over 5.4% . The home is located on a 741sqm block at the end of a quiet Close in the ever popular Silkwood Ridge estate, Bentley Park
LEASE DETAILS :
* Lease edition : 6B
* Lease start date : 12/11/2014
* Lease end date : 11/11/2026
* Lease option : 1 x 36 month option
* 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 : $580pw and adjusted each December according to an independent professional valuation.
PROPERTY FEATURES:
* Modern lowset rendered block home
* 4 Large Bedrooms
* Master Bedroom with Ensuite, Walk in robe
* Air-conditioned & ceiling fans throughout
* Large lounge & dining room
* Double lock up remote garage with internal entry
* Security Screens
* Family sized Outdoor undercover entertaining area
* Pebblecrete swimming pool
* Not flood affected
* 741sqm sqm block
* Built approx 2005
* Council Rates: Approx $1,459.29 Paid Half yearly
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews at the end of each year
* Most 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 Mark English or Madeleine Lepper at Garry Walker Real Estate. In accordance with DHA regulations, we advise that this property will only be available for private inspections and must be coordinated by the agent with the tenants.
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 5 Whela Cl, Bentley Park, QLD 4869
- 04 Nov 2023Sold for $548,500
- 28 Sep 2023Listed for Sale DHA Offers over $550,000
- 12 Nov 2014Sold for $455,000
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0About Bentley Park 4869
The size of Bentley Park is approximately 7.5 square kilometres. It has 13 parks covering nearly 11.2% of total area. The population of Bentley Park in 2011 was 7,419 people. By 2016 the population was 8,012 showing a population growth of 8.0% in the area during that time. The predominant age group in Bentley Park is 0-9 years. Households in Bentley Park are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bentley Park work in a trades occupation. In 2011, 59.1% of the homes in Bentley Park were owner-occupied compared with 58.1% in 2016.
Bentley Park has 3,563 properties. Over the last 5 years, Houses in Bentley Park have seen a 68.26% increase in median value, while Units have seen a 71.23% increase. As at 31 August 2024:
- The median value for Houses in Bentley Park is $602,682 while the median value for Units is $343,878.
- Houses have a median rent of $600 while Units have a median rent of $295.
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