18 Mell StreetBracken Ridge QLD 4017
Property Details for 18 Mell St, Bracken Ridge
18 Mell St, Bracken Ridge is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 500m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 4 bedroom House sold in Bracken Ridge in the last 12 months.
Last Listing description (February 2024)
INVESTORS - If you're looking for a safe and secure property in a location just 22km from the Brisbane CBD and less than 1 hour to the beaches of the Sunshine Coast, then you can't go wrong with this home. Built in 2011 and currently tenanted on a long term lease to Defence Housing Australia (DHA) until September 2027. The 2024 rent is currently $650pw and adjusted to the new market rent each year.
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 to offer buyers a stress free experience. Ideal for those investors located anywhere in the country, purchasing as an individual or through self managed super funds, and perfect for those starting their property portfolio and looking for a safe and secure option.
At lease end the home is repainted inside and out and recarpeted as part of the lease end 'make good' and at DHA's expense before being handed back for you to move in, rent out privately or sell OR you can also choose to discuss DHA's requirements for the home on a longer term basis with the potential to lock in a new lease. You're also free to onsell to another investor at any time during the lease.
CURRENT GROSS RENT FOR 2024: $650pw and adjusted each January to realign with current market rent through an independent professional valuation
LEASE DETAILS :
* Lease edition Lease Edition 6B
* Lease start date 28/09/2012
* Lease end date 27/09/2027
* Lease option : USED
* Right to vary : 1 x up to 12 months reduction and 1 x up to 12 months extension
Important Note: The 12 month right to vary is at DHA’s discretion.
PROPERTY FEATURES:
* Modern spacious low-set home
* 4 Bedrooms inc Main with Ensuite,Walk In robe and Air Conditioning
* 2 living areas inc Kitchen overlooking Casual dining and Family room plus separate Formal dining and living area
* Modern kitchen with stainless appliances and ample storage
* Outdoor entertaining area accessible through glass sliding doors from Kitchen Family/meals zone
* Double Lock up garage with secure internal access
* Security Screens throughout
* 500 sqm block
* Built approx 2005
COUNCIL & WATER RATES : Approx $2800 pa after DHA rebate water usage
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
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 and must be coordinated 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 18 Mell St, Bracken Ridge, QLD 4017
- 10 Feb 2024Sold for $800,000
- 24 Nov 2023Listed for Sale $789,000 Plus
- 28 Aug 2012Sold for $440,000
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About Bracken Ridge 4017
The size of Bracken Ridge is approximately 7.9 square kilometres. It has 31 parks covering nearly 9.4% of total area. The population of Bracken Ridge in 2011 was 16,799 people. By 2016 the population was 16,943 showing a population growth of 0.9% in the area during that time. The predominant age group in Bracken Ridge is 30-39 years. Households in Bracken Ridge are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bracken Ridge work in a professional occupation. In 2011, 72% of the homes in Bracken Ridge were owner-occupied compared with 72.8% in 2016.
Bracken Ridge has 6,867 properties. Over the last 5 years, Houses in Bracken Ridge have seen a 97.83% increase in median value, while Units have seen a 99.57% increase. As at 31 October 2024:
- The median value for Houses in Bracken Ridge is $934,448 while the median value for Units is $649,728.
- Houses have a median rent of $650 while Units have a median rent of $570.
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