SOLD
Sold on 04 Mar 2024 for $535,150

18 Chesterton Court
Kirwan QLD 4817

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 159m2
Land area: 653m2
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Property Details for 18 Chesterton Ct, Kirwan

18 Chesterton Ct, Kirwan is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2008. The property has a land size of 653m2 and floor size of 159m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 4 bedroom House sold in Kirwan in the last 12 months.

Building Type
House
Year Built
2008
Floor Size
159m2
Land Size
653m2
Local Government
Townsville City
Lot/Plan
111/SP185393

Last Listing description (June 2024)

INVESTORS: We are proud to present investors with this desirable home, currently under a 6 year lease to DHA (Defence Housing Australia) until 2027 with a three year option that would take it through until 2030. Currently rented at $530 per week representing an impressive yield of and assessed annually with an independent professional valuation to obtain true market rent, before being adjusted accordingly on the 1st of January every year.

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 would be handed back for you to do as you like - 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.

CURRENT RENT for 2024 : $530pw and assessed annually by independent valuers

LEASE FEATURES :
* Lease start date 15/08/2021
* Lease end date 14/08/2027
* Lease option 1 x up to 36 months
* Right to vary 1 x up to 12 months Reduction or Extension
* Important Note: The 12 month right to vary is at DHA's discretion.

FEATURES :
* Lowest 4 bedroom home with study
* Air conditioned Master suite with Walk in Robe and & Ensuite.
* Main bathroom with shower and separate bath
* Separate toilet
* 2 living areas including lounge toward the front entry
* Open plan family, casual dining and kitchen with sliding glass doors to an outdoor undercover area
* 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
* Built approx 2006
* Block size approx 653sqm

Combined Council & Water Rates: Approx $2,183 Biannually

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).

** 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 co-ordinated 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 18 Chesterton Ct, Kirwan, QLD 4817

A timeline of how this property has performed in the market
Last Sold
$535,150
04 Mar 2024
Listed for Rent
$450/w
22 Jan 2011
  • 04 Mar 2024
    Sold for $535,150
  • 27 Feb 2024
    Listed for Sale $519,000 Plus
  • 26 Nov 2010
    Listed for Rent - Price not available
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About Kirwan 4817

The size of Kirwan is approximately 11.5 square kilometres. It has 17 parks covering nearly 13.1% of total area. The population of Kirwan in 2011 was 21,771 people. By 2016 the population was 21,414 showing a population decline of 1.6% in the area during that time. The predominant age group in Kirwan is 10-19 years. Households in Kirwan are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Kirwan work in a professional occupation. In 2011, 59.5% of the homes in Kirwan were owner-occupied compared with 60.7% in 2016.

Kirwan has 8,960 properties. Over the last 5 years, Houses in Kirwan have seen a 77.86% increase in median value, while Units have seen a 81.97% increase. As at 31 October 2024:

  • The median value for Houses in Kirwan is $534,215 while the median value for Units is $401,782.
  • Houses have a median rent of $500 while Units have a median rent of $388.
There are currently 40 properties listed for sale, and 34 properties listed for rent in Kirwan on OnTheHouse. According to CoreLogic's data, 577 properties were sold in the past 12 months in Kirwan.

Suburb Insights for Kirwan 4817

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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.