11 Hilo StreetBurdell QLD 4818
Property Details for 11 Hilo St, Burdell
11 Hilo St, Burdell is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 512m2. 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 Burdell in the last 12 months.
Last Listing description (November 2023)
INVESTORS : This is a perfect opportunity for a savvy investor. This property has a DHA (Defence Housing Australia) lease in place and rent is guaranteed until the end of the lease in 2026 plus there's a 3 yr option that could take the lease through until 2029. Currently rented at $500pw and returning a strong investor yield of 5.59%, sure to satisfy the banks.
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.
Burdell is a northern suburb of the City of Townsville with approx 9000 people. The home is located within walking distance of a private school and daycare and a 2 minute drive to shopping and facilities
With Townsville experiencing some of the highest rental yields in the country, and vacancy rates continuing to come down, now is the time to lock down a secure, high yielding investment that will satisfy the banks.
LEASE DETAILS :
* Lease edition : 6B
* Lease start date. 14/02/2014
* Lease end date 13/02/2026
* Lease option 1 x up to 36 months
* 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: $500pw and adjusted each December according to an independent professional valuation.
PROPERTY FEATURES:
* Modern lowset brick home
* 4 Large Bedrooms plus a separate study
* Master with ensuite and air conditioning
* 2 Separate air-conditioned living areas inc Family/Rumpus and Living/Dining
* Study
* Double lock up garage with internal entry
* Ceiling fans throughout
* Security Screens
* Outdoor undercover patio/entertaining area
* 512 sqm block
* Built approx 2011
* Council & Water Rates - Approx $2,076 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 is 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 a rental guarantee and a no fuss investment property; let DHA do all the hard work for you.
* * 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 pre-qualified buyers.
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 11 Hilo St, Burdell, QLD 4818
- 30 Nov 2023Sold for $458,000
- 17 Feb 2023Listed for Sale $465,000 +
- 14 Jan 2014Sold for $460,000
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About Burdell 4818
The size of Burdell is approximately 15.4 square kilometres. It has 6 parks covering nearly 2.6% of total area. The population of Burdell in 2011 was 5,658 people. By 2016 the population was 5,826 showing a population growth of 3.0% in the area during that time. The predominant age group in Burdell is 20-29 years. Households in Burdell are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Burdell work in a trades occupation. In 2011, 65.6% of the homes in Burdell were owner-occupied compared with 48.1% in 2016.
Burdell has 3,475 properties. Over the last 5 years, Houses in Burdell have seen a 76.28% increase in median value, while Units have seen a 99.89% increase. As at 31 October 2024:
- The median value for Houses in Burdell is $609,591 while the median value for Units is $585,590.
- Houses have a median rent of $550 while Units have a median rent of $420.
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