OFF MARKET

5 Pincer Court
Bushland Beach QLD 4818

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 159m2
Land area: 689m2
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Property Details for 5 Pincer Ct, Bushland Beach

5 Pincer Ct, Bushland Beach is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2012. The property has a land size of 689m2 and floor size of 159m2. While the property is not currently for sale or for rent, it was last sold in November 2020.

Building Type
House
Year Built
2012
Floor Size
159m2
Land Size
689m2
Local Government
Townsville City
Lot/Plan
810/SP223220

Last Listing description (January 2021)

The perfect opportunity exists to own this lovely home with a long lease to DHA until May 2024 plus 1 x 3 yr option which would take it through until 2027! This is entry level investing at it's best with a long term lease locked down with DHA (Defence Housing Australia) and a very generous 6.38% yield, it's sure to offer investors excellent long term growth prospects.

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

With record low interest rates and Townsville experiencing some of the highest rental yields in the country, vacancy rates continuing to come down and property experts reporting Townsville is on the way back from its previous downturn, now is the perfect time to consider investing in to the region.

PROPERTY FEATURES:
* Modern low-set brick home
* 4 Bedroom inc Main with Ensuite, WIR and Air Con
* 2 Separate living areas inc Family/Rumpus and Living/Dining
* Outdoor entertaining area
* 689 sqm block

LEASE DETAILS :
* Lease edition Edition 6B
* Lease start date 18/05/2012
* Lease end date 17/05/2024
* 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 and right to vary are in DHA's favour.

CURRENT RENT : $453 per week

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

* 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 - the Defence Properties specialists.

* In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
* Photos are supplied under agreement by DHA, and are for illustration purposes only.
***The rent displayed is the 2020 rental figure, please note, DHA has recently performed a rent revaluation on this property. Please enquire with the agent to confirm the 2021 rental figure***

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Property History for 5 Pincer Ct, Bushland Beach, QLD 4818

A timeline of how this property has performed in the market
Last Sold
$369,500
28 Nov 2020
  • 28 Nov 2020
    Sold for $369,500
  • 03 Nov 2020
    Listed for Sale $369,000 plus
  • 10 Apr 2012
    Sold for $400,000
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About Bushland Beach 4818

The size of Bushland Beach is approximately 8 square kilometres. It has 6 parks covering nearly 4% of total area. The population of Bushland Beach in 2011 was 5,658 people. By 2016 the population was 6,177 showing a population growth of 9.2% in the area during that time. The predominant age group in Bushland Beach is 0-9 years. Households in Bushland Beach are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bushland Beach work in a trades occupation. In 2011, 65.6% of the homes in Bushland Beach were owner-occupied compared with 64.8% in 2016.

Bushland Beach has 2,720 properties. Over the last 5 years, Houses in Bushland Beach have seen a 74.12% increase in median value, while Units have seen a 98.17% increase. As at 31 August 2024:

  • The median value for Houses in Bushland Beach is $634,218 while the median value for Units is $631,292.
  • Houses have a median rent of $560 while Units have a median rent of $378.
There are currently 21 properties listed for sale, and 7 properties listed for rent in Bushland beach on OnTheHouse. According to CoreLogic's data, 209 properties were sold in the past 12 months in Bushland beach.

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