95 Satriani CrescentCondon QLD 4815
Property Details for 95 Satriani Cres, Condon
95 Satriani Cres, Condon is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2010. The property has a land size of 714m2 and floor size of 148m2. While the property is not currently for sale or for rent, it was last sold in February 2022.
Last Listing description (August 2023)
INVESTORS: Available to a savvy investor is this large, modern 4 bedroom home on 714sqm leased by DHA (Defence Housing Australia) until 2024 with an additional 3 yr option, which could take it through until 2027! You will receive guaranteed rent (Currently $500pw) resulting in a 6.68% yield. A DHA leased property provides an ongoing income stream into the long term, 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.
Condon is a Northern Western suburb of the City of Townsville with approx 6000 people. Just minutes from Townsville's largest shopping area, the Willows shopping mall, Gannon Park and Sunland Plaza. A short drive to Dairy Famers Stadium, Brothers Football Club and the Golf Links and The Riverway Precinct.
With record low interest rates and Townsville experiencing some of the highest rental yields and lowest vacancy rates in the country, property experts reporting Townsville is on the rebound. Now is the perfect time to consider investing in the region.
LEASE DETAILS :
* Lease edition Edition 6B
* Lease start date 22/5/2012
* Lease end date 21/5/2024
* Lease option 1 x up to 36 months
* Right to vary 1 x up to 12 months
* NOTE : All options/extensions are in DHA's favour.
CURRENT RENT for 2022 : $500pw
PROPERTY FEATURES:
* Large Brick and Tile family home.
* 4 Spacious bedrooms inc master with Walk-In, Aircon and Ensuite.
* Two living areas including a separate lounge at the front of the home.
* Modern kitchen boasts stainless steel cooking appliances, sleek tiles & ample storage and bench space.
* Air-conditioned living areas.
* Tiled family & meals area with double sliding doors opening to the outdoor undercover alfresco dining area.
* Large Double lock up garage with internal entry to the home
* Fully security screened
* 714 sqm flat block
* Built approx 2010
COMBINED WATER & RATES: approx $1850 half-yearly
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is occupied.
* Annual independent rent reviews.
* Zero re-letting fees for the length of the lease.
* DHA Property Care, an all-inclusive service fee, covers a range of property related services.
* At the end of each tenancy period, the property is professionally cleaned.
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* A rental floor may apply to the DHA Lease Agreement (applicable to specific lease editions and applies to commencement rent).
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 - your Defence Property Investments specialist. In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
Information provided above has been obtained from various sources from 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, 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 95 Satriani Cres, Condon, QLD 4815
- 15 Jun 2023Listed for Sale $389,000 plus
- 23 Feb 2022Sold for $425,000
- 15 Feb 2022Listed for Sale $389,000 plus
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About Condon 4815
The size of Condon is approximately 5.4 square kilometres. It has 8 parks covering nearly 2.6% of total area. The population of Condon in 2011 was 5,866 people. By 2016 the population was 5,772 showing a population decline of 1.6% in the area during that time. The predominant age group in Condon is 0-9 years. Households in Condon are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Condon work in a trades occupation. In 2011, 54.6% of the homes in Condon were owner-occupied compared with 55.8% in 2016.
Condon has 2,569 properties. Over the last 5 years, Houses in Condon have seen a 106.69% increase in median value, while Units have seen a 82.69% increase. As at 31 October 2024:
- The median value for Houses in Condon is $457,817 while the median value for Units is $360,499.
- Houses have a median rent of $460 while Units have a median rent of $405.
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