SOLD
Sold on 19 Aug 2024 for $625,000

12 Brooks Close
Mango Hill QLD 4509

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Land area: 400m2
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Property Details for 12 Brooks Cl, Mango Hill

Building Type
Land
Land Size
400m2
Local Government
Moreton Bay
Lot/Plan
59/SP339523

Last Listing description (October 2024)

Investors Note

NDIS-SDA investors looking for a strategic advantage must look closely at this opportunity.

Exclusive to Meridien, we have 2 x side-by-side NDIS-SDA Homes that are custom-designed for our SDA Provider partners.

Located in the sought-after Capestone Estate, these SDA Homes will be popular in the NDIS community and deliver a higher level of financial performance for our investors.

Increase investment security with an optional 5-year head lease with option extensions.

High-quality NDIS-SDA properties are hard to find. These homes stand out in the market.

Mango Hill is just 23km from Brisbane CBD and is the economic hub of Moreton Bay.

What is SDA?

Specialist Disability Housing (SDA) is housing that has been specially designed to suit the needs of people with a disability, who have an 'extreme functional impairment' or 'very high support needs'. The specialised features of an SDA property are intended to support the resident(s) to live as independently as possible and in so doing, reduce their lifetime support costs.

SDA offers investors a very high-yielding asset.

For more information get in contact with us today.

Location

Capestone Estate is in Mango Hill, within the picturesque Moreton Bay region just north of Brisbane. The estate offers all of life's essentials within a minute's walk; local shops, parks, a train station, and the 12.8ha central lake.

The estate is centrally located only minutes from the Bruce Highway, accessing Brisbane within 40 minutes and the Sunshine Coast within an hour.

What's Nearby:

- Within the estate, residents enjoy the central lake, park areas, BBQ and picnic spaces, bikeways, and walking paths, which connect open space networks throughout the estate.
- 500 m to Capestone's very own dining and shopping centre.
- 500 m to Mango Hill East Rail Station, making the commute to Brisbane seamless.
- 1 km to Northlakes Westfield mega retail and entertainment centre.
- 10 km to the beaches of Scarborough and Redcliffe Peninsula.
- 10 km to Redcliffe Hospital

About the Property

These homes are custom-designed in partnership with our SDA Provider partners. They have some extra design features to better meet the specific needs of SDA participants.

- House and land package - 2-part land and build contracts
- Land area: 400m2
- Build area: 219.62m2
- Titled Land | Ready To Start Building now!
- High Physical Support SDA | 3.3.2.2 | 2P + OOA
- Extra living space and storage
- Full turnkey
- Fast build times
- Total support throughout the build and tenanting process!

Demand

The data confirms what the SDA providers are telling us. They need more new SDA homes in SE QLD.

Participants with SDA funding in use: 31
Participants with SDA funding, SDA not in use: 18
Participants with SDA funding: 49
Additional Participants eligible for SDA: 7
Total Participants with SDA funding or an SDA need: 56

Available Participants = 25

Additionally, there are a further 38 available participants in nearby Redcliffe and 33 in Narangba-Burpengary

The Key Numbers

As of June 2024, the SDA pricing was increased, this includes High Physical Support, Improved Liveability, Fully Accessible, and Robust. For an in-depth explanation of the new pricing, talk to our sales team.

High Physical Support

SDA Income - $78,674 per participant
MRRC - $12,838 per participant
Location Factor - 0.89
Potential Total Income | $183,024
Potential Yield - 14.6%

Improved Liveability

SDA Income - $65,460 per participant
MRRC - $12,058 per participant
Location Factor - 0.89
Potential Total Income | $155,036
Potential Yield - 12.5%

*Please note that these numbers are based on 2 participants only. Pricing is current as of June 2024 and is as per published SDA schedules.

Ready to get started?

Get in touch to discuss the buying terms...

- $5,000 Expression of Interest
- $25,500 on Finance Approval
- 28 day Finance Clause

Make your move soon though as this is going to sell quickly.

Disclaimer

We have in preparing this information used our best endeavours to ensure the information that has been provided is true and accurate. The images and renders provided in this listing by the builder are for illustrative purposes only. They may contain fixtures, furniture or finishing not available for this design. Clients need to refer to the building contract for specific details on specifications and inclusions specific to any property. Specifications and inclusions are subject to change over time. Meridien Group does not accept any responsibility for variations to specifications ad inclusions made by the builder. Financial information is an estimate only and is not warranted or guaranteed. Refer to investment reports for specific details.

Property History for 12 Brooks Cl, Mango Hill, QLD 4509

A timeline of how this property has performed in the market
Last Sold
$625,000
19 Aug 2024
  • 21 Oct 2024
    Listed for Sale Not Disclosed
  • 19 Aug 2024
    Sold for $625,000

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About Mango Hill 4509

The size of Mango Hill is approximately 14.2 square kilometres. It has 47 parks covering nearly 18.2% of total area. The population of Mango Hill in 2011 was 4,339 people. By 2016 the population was 8,419 showing a population growth of 94.0% in the area during that time. The predominant age group in Mango Hill is 0-9 years. Households in Mango Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mango Hill work in a professional occupation. In 2011, 69.5% of the homes in Mango Hill were owner-occupied compared with 52.1% in 2016.

Mango Hill has 6,447 properties. Over the last 5 years, Houses in Mango Hill have seen a 73.36% increase in median value, while Units have seen a 81.32% increase. As at 31 October 2024:

  • The median value for Houses in Mango Hill is $924,895 while the median value for Units is $613,113.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 51 properties listed for sale, and 24 properties listed for rent in Mango hill on OnTheHouse. According to CoreLogic's data, 398 properties were sold in the past 12 months in Mango hill.

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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.