OFF MARKET

7 Olinda Court
Bohle Plains QLD 4817

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 522m2
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Property Details for 7 Olinda Ct, Bohle Plains

7 Olinda Ct, Bohle Plains is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 522m2. While the property is not currently for sale or for rent, it was last sold in October 2023.

Building Type
House
Land Size
522m2
Local Government
Townsville City
Lot/Plan
642/SP219286

Last Listing description (October 2023)

INVESTORS : This is a perfect opportunity for a savvy investor. There is a secure DHA (Defence Housing Australia) lease in place and rent guaranteed until the end of the lease in August 2025 and is currently rented at $470pw which represents a very strong 5.57% rental yield which is sure to satisfy the banks. Located on a quiet street in the Kalynda Chase development in Bohle Plains, now one of Townsville's most popular developments with tennis courts, walking tracks, gym, convenience shopping, restaurants and public transport.

A DHA (Defence Housing Australia) lease offers the new owners guaranteed rental income, resulting in stress free investing, regardless of whether the home is tenanted. Ideal for investors from anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option to get started.

With Townsville experiencing some of the highest rental yields in the country, vacancy rates continuing to come down and Townsville still defying the odds, now is the perfect time to consider investing in the region.

LEASE DETAILS :
* Lease edition 6B
* Lease start date 19/08/2010
* Lease end date 18/8/2025
* 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: $470pw and reviewed annually each December.

PROPERTY FEATURES:
* Modern lowset brick home
* 3 Bedrooms plus study or 4th bedroom (full size study equivalent to bedroom size).
* Master Bedroom inc Main with Ensuite, WIR and Air Con
* 2 Separate living areas inc Family/Rumpus and Living/Dining
* Air conditioning
* Double lock up garage with internal entry
* Security Screens
* Outdoor undercover patio/entertaining area
* 522 sqm block
* Built approx 2010

*Council & Water Rates - approx $1,995 Half-yearly

DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* 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

These are just some of the benefits of the DHA lease attached to this property. Enjoy all the benefits of rental guarantee and a no fuss investment property; let DHA do all the hard work for you.

** 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.
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 Floorpan, 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 7 Olinda Ct, Bohle Plains, QLD 4817

A timeline of how this property has performed in the market
Last Sold
$450,000
06 Oct 2023
  • 06 Oct 2023
    Sold for $450,000
  • 03 Nov 2022
    Listed for Sale Offers above $439,000
  • 18 Feb 2020
    Listed for Sale Offers Over $369,000
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About Bohle Plains 4817

The size of Bohle Plains is approximately 31.6 square kilometres. It has 3 parks covering nearly 1.7% of total area. The population of Bohle Plains in 2011 was 2,199 people. By 2016 the population was 3,217 showing a population growth of 46.3% in the area during that time. The predominant age group in Bohle Plains is 0-9 years. Households in Bohle Plains are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bohle Plains work in a community and personal service occupation. In 2011, 44.6% of the homes in Bohle Plains were owner-occupied compared with 43.9% in 2016.

Bohle Plains has 2,075 properties. Over the last 5 years, Houses in Bohle Plains have seen a 62.59% increase in median value, while Units have seen a 114.38% increase. As at 30 September 2024:

  • The median value for Houses in Bohle Plains is $606,066 while the median value for Units is $366,022.
  • Houses have a median rent of $540.
There are currently 15 properties listed for sale, and 6 properties listed for rent in Bohle plains on OnTheHouse. According to CoreLogic's data, 191 properties were sold in the past 12 months in Bohle plains.

Suburb Insights for Bohle Plains 4817

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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.