SOLD
RECENT ADVICE
Sold on 31 May 2024 for $765,000

37 Tarragon Parade
Griffin QLD 4503

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 400m2
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Property Details for 37 Tarragon Pde, Griffin

37 Tarragon Pde, Griffin is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 400m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom House sold in Griffin in the last 12 months.

Building Type
House
Land Size
400m2
Local Government
Moreton Bay
Lot/Plan
201/SP228471

Last Listing description (May 2024)

INVESTORS: This property represents a perfect opportunity for a savvy investor. Currently rented at $610 per week with a current DHA (Defence Housing Australia) lease in place and rent guaranteed until the end of the lease, locked in until September 2027. Situated in Griffin in the Northern suburbs of Brisbane, close to schools, shops and public transport links north and south.

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 for stress free investing. Ideal for investors located anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option. At lease end the home is repainted at DHA's expense before being handed back for you to move in, rent out privately or sell. You can also choose to discuss DHA's requirements for the home on a longer term basis with the potential for a new lease. You're also free to onsell to another investor at any time during the lease.

LEASE DETAILS :

* Lease edition 6B
* Lease start date 11/09/2012
* Lease end date 10/09/2027
* Lease option USED
* 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 2024: $610pw and adjusted each December according to an independent professional valuation using comparable rentals.

PROPERTY FEATURES:
* Modern lowset brick home
* 4 Large Bedrooms
* Master Bedroom inc Main with Ensuite, Walk in Robe and Air Conditioning
* 2 Separate living areas
* Modern Kitchen with stainless appliances and ample storage
* Air conditioning throughout
* Ceiling fans throughout
* Easy care tiles throughout
* Double lock up garage with internal entry
* Security Screens
* Outdoor undercover patio/entertaining area
* Spacious 400 sqm block
* Built approx 2010

LOCATION : Situated 22km north of Brisbane's CBD, Griffin is a flourishing suburban haven in Brisbane's north. This family-friendly community offers a relaxed lifestyle with easy access to amenities and green spaces. Residents enjoy the peace and quiet of suburban life, connecting to the city centre or venturing up to the Sunshine Coast is a breeze thanks to its proximity to the Bruce Highway.

* Council & Water Rates - TBC

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

** 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 37 Tarragon Pde, Griffin, QLD 4503

A timeline of how this property has performed in the market
Last Sold
$765,000
31 May 2024
  • 31 May 2024
    Sold for $765,000
  • 15 May 2024
    Listed for Sale $765,000 Plus
  • 25 Aug 2021
    Sold for $542,000
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About Griffin 4503

The size of Griffin is approximately 17.2 square kilometres. It has 12 parks covering nearly 6.7% of total area. The population of Griffin in 2011 was 2,357 people. By 2016 the population was 6,830 showing a population growth of 189.8% in the area during that time. The predominant age group in Griffin is 20-29 years. Households in Griffin are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Griffin work in a trades occupation. In 2011, 61.5% of the homes in Griffin were owner-occupied compared with 39.3% in 2016.

Griffin has 6,031 properties. Over the last 5 years, Houses in Griffin have seen a 76.15% increase in median value, while Units have seen a 88.28% increase. As at 30 September 2024:

  • The median value for Houses in Griffin is $849,977 while the median value for Units is $590,520.
  • Houses have a median rent of $613 while Units have a median rent of $550.
There are currently 37 properties listed for sale, and 18 properties listed for rent in Griffin on OnTheHouse. According to CoreLogic's data, 341 properties were sold in the past 12 months in Griffin.

Suburb Insights for Griffin 4503

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Sharon Richter
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Viv Robinson
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Hudson Property
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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.