OFF MARKET

3 Patron Crescent
Glenvale QLD 4350

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 208m2
Land area: 605m2
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Property Details for 3 Patron Cres, Glenvale

3 Patron Cres, Glenvale is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2004. The property has a land size of 605m2 and floor size of 208m2. While the property is not currently for sale or for rent, it was last sold in October 2020.

Building Type
House
Year Built
2004
Floor Size
208m2
Land Size
605m2
Local Government
Toowoomba Regional
Lot/Plan
10/SP150533

Last Listing description (January 2021)

Set in the heart of Glenvale within easy reach of Glenvale State School, the Toowoomba Showgrounds and the new Coles Shopping Centre (currently under construction), this property provides an excellent opportunity for investors to buy now and move in later or simply hold as a secure long term investment.

Currently leased to Defence Housing Australia (DHA) for $420 per week through to May 2023 this property provides a guaranteed rent for the duration of the lease and includes yearly rent reviews!

Set on 609sqm within easy reach of local schools & parks and just a short stroll to the new Coles Glenvale (under construction) this ideal investment property features:

4 bedrooms with built ins - main with ensuite and WIR
Open plan living area with ceiling fans
Centrally located kitchen with modern appliances leading to a private patio
Separate lounge with air con
Private patio overlooking the fenced back garden
Attached double garage with dive through access to the back garden

LEASE DETAILS :
Leased until 17/05/2023
Lease option: 1 x up to 36 months
DHA 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 $420pw and reviewed annually each December.

DHA LEASE BENEFITS:
DHA guarantee to pay the rent even if the property is vacant.
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 cleaned.
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. As the owner of a DHA leased property you'll love the stress-free feeling that comes with having no fuss investment property with a guaranteed income; buy today and 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 (Defence Housing Australia) lease in place. Visit dha.gov.au to learn about the benefits of investing in DHA property. In accordance with DHA regulations we advise that this property will be available for private inspection only and to prequalified buyers only. Photos are supplied under agreement by DHA and are for illustration purposes only.

Please contact Alan Reilly to arrange your private inspection.

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Property History for 3 Patron Cres, Glenvale, QLD 4350

A timeline of how this property has performed in the market
Last Sold
$389,000
07 Oct 2020
  • 07 Oct 2020
    Sold for $389,000
  • 20 Jan 2020
    Listed for Sale $399,000
  • 10 May 2018
    Listed for Sale $429,000
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About Glenvale 4350

The size of Glenvale is approximately 14.6 square kilometres. It has 18 parks covering nearly 11.4% of total area. The population of Glenvale in 2011 was 5,405 people. By 2016 the population was 6,347 showing a population growth of 17.4% in the area during that time. The predominant age group in Glenvale is 20-29 years. Households in Glenvale are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Glenvale work in a trades occupation. In 2011, 65.8% of the homes in Glenvale were owner-occupied compared with 58% in 2016.

Glenvale has 4,053 properties. Over the last 5 years, Houses in Glenvale have seen a 71.98% increase in median value, while Units have seen a 81.21% increase. As at 31 October 2024:

  • The median value for Houses in Glenvale is $658,163 while the median value for Units is $510,111.
  • Houses have a median rent of $510 while Units have a median rent of $450.
There are currently 22 properties listed for sale, and 16 properties listed for rent in Glenvale on OnTheHouse. According to CoreLogic's data, 237 properties were sold in the past 12 months in Glenvale.

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