18/7 Foambark StreetMcdowall QLD 4053
Property Details for 18/7 Foambark St, Mcdowall
18/7 Foambark St, Mcdowall is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces. The property has a floor size of 164m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom Townhouse sold in Mcdowall in the last 12 months.
Last Listing description (March 2024)
This 3 bedroom townhouse features open plan family/ dining area opening to a covered rear patio. There is also a large front deck area adding to the useable space. Perfect as a set-and-forget investment (as lease stays in place until 2027.
This property is for sale on behalf of a DHA lessor and has a DHA lease in place. (Visit dha.gov.au to learn about the benefits of investing in a DHA property). Rent is guaranteed each and every week for the duration of the lease. Buyers also benefit from DHA's lease-end restoration, which may include repainting and new carpet.
Current rental of $640 per week.
The property has air conditioning, built-in wardrobes, ceiling fans and security screens. There is a good size home office upstairs along with the three other bedrooms. Low maintenance property with great rental return.
Located in the popular suburb of McDowall, less than 12 kilometres from Brisbane CBD. Close to Public transport, Parks, Schools, Westfield Shopping Centre and hospital.
LEASE SUMMARY:
* Current rent: $640 per week
* Lease edition 6B
* Lease end: 25/06/2027
* Option: Used (DHA have the right to vary the lease by addition or reduction of up to 12 months)
* Rent is paid for 52 weeks a year
* Rent is paid a month in advance
* Rent is reviewed in December every year by a registered valuer
* DHA Management fee of 13% including GST which includes all letting fees, inspection fees and a most maintenance costs
PROPERTY FEATURES:
* Crisp & compact design
* Gas cooktop
* Extra toilet downstairs
* Internal laundry off garage
* Air conditioned living areas and main bedroom
* Ceiling Fans and security screens
* Single lock up garage
* Gas hot water
* Fully fenced courtyard with garden shed
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.
* The property is cleaned at the end of each tenancy period.
* 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).
In accordance with DHA regulations, we advise that this property will be available for private inspection only and to pre-qualified buyers only. Photos are supplied under agreement by DHA and are for illustration purposes only.
For more information, please contact your DHA sales specialist - R&W Ascot.
Property History for 18/7 Foambark St, Mcdowall, QLD 4053
- 07 Mar 2024Sold for $590,000
- 22 Feb 2024Listed for Sale Offers Over $580,000
- 26 Jun 2015Sold for $470,000
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0About Mcdowall 4053
The size of Mcdowall is approximately 4.2 square kilometres. It has 15 parks covering nearly 25.7% of total area. The population of Mcdowall in 2011 was 6,818 people. By 2016 the population was 7,228 showing a population growth of 6.0% in the area during that time. The predominant age group in Mcdowall is 40-49 years. Households in Mcdowall are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mcdowall work in a professional occupation. In 2011, 80.7% of the homes in Mcdowall were owner-occupied compared with 78.3% in 2016.
Mcdowall has 3,207 properties. Over the last 5 years, Houses in Mcdowall have seen a 82.50% increase in median value, while Units have seen a 100.48% increase. As at 31 October 2024:
- The median value for Houses in Mcdowall is $1,252,826 while the median value for Units is $822,835.
- Houses have a median rent of $778 while Units have a median rent of $678.
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