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Sold on 08 Oct 2024 for $1,000,000

2 Stokes Court
Ferny Grove QLD 4055

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 467m2
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Property Details for 2 Stokes Ct, Ferny Grove

2 Stokes Ct, Ferny Grove is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 467m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 4 bedroom House sold in Ferny Grove in the last 12 months.

Building Type
House
Land Size
467m2
Local Government
Brisbane
Lot/Plan
20/SP247591

Last Listing description (October 2024)

INVESTORS will love the security of the long term lease in place with DHA (Defence Housing Australia) on this modern four bedroom home. Perfectly situated in the well established suburb of Ferny Grove just 13km from the Brisbane CBD and situated close to Ferny Grove State School, the local child care centre and 5 minutes drive to the Ferny Grove Train Station.

DHA LEASE DETAILS
* Lease edition Lease Edition 6B

* Lease start date 19-09-2013
* Lease end date 18-09-2028
* Lease option USED
* Right to vary 1 x up to 12 months reduction and 1 x up to 12 months extension
* Note: The option and right to vary is at DHA’s discretion.

CURRENT RENT for 2024 : $775PW and reassessed and adjusted through an independent valuer for market rent.

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 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.

FEATURES :
* 4 bedrooms, inc master with WIR, AC & Ensuite.
* Open plan family, dining and kitchen with sliding glass doors to an outdoor undercover area. Separate lounge.
* Ceiling fans throughout with Aircon to master, main living and kitchen/dining
* Security grills to windows and doors
* Double lock up garage with remote control entry and internal access to the home and rear yard
* 467SQM block with fully fenced rear yard.
* 13km to Brisbane CBD
* Built approx 2012

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

** 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 2 Stokes Ct, Ferny Grove, QLD 4055

A timeline of how this property has performed in the market
Last Sold
$1,000,000
08 Oct 2024
  • 08 Oct 2024
    Sold for $1,000,000
  • 25 Sep 2024
    Listed for Sale Offers Above $979,000
  • 20 Aug 2013
    Sold for $540,000
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About Ferny Grove 4055

The size of Ferny Grove is approximately 3.8 square kilometres. It has 22 parks covering nearly 17.3% of total area. The population of Ferny Grove in 2011 was 5,609 people. By 2016 the population was 5,700 showing a population growth of 1.6% in the area during that time. The predominant age group in Ferny Grove is 40-49 years. Households in Ferny Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ferny Grove work in a professional occupation. In 2011, 77.8% of the homes in Ferny Grove were owner-occupied compared with 76.5% in 2016.

Ferny Grove has 2,339 properties. Over the last 5 years, Houses in Ferny Grove have seen a 82.04% increase in median value, while Units have seen a 57.51% increase. As at 31 October 2024:

  • The median value for Houses in Ferny Grove is $1,067,618 while the median value for Units is $635,317.
  • Houses have a median rent of $695 while Units have a median rent of $470.
There are currently 7 properties listed for sale, and 3 properties listed for rent in Ferny grove on OnTheHouse. According to CoreLogic's data, 81 properties were sold in the past 12 months in Ferny grove.

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Sharon Richter
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Viv Robinson
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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.