SOLD
Sold on 12 Oct 2024 for $660,000

2/7 Foambark Street
Mcdowall QLD 4053

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 127m2
Land area: 178m2
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Property Details for 2/7 Foambark St, Mcdowall

2/7 Foambark St, Mcdowall is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2014. The property has a land size of 178m2 and floor size of 127m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 3 bedroom Unit sold in Mcdowall in the last 12 months.

Building Type
Unit
Year Built
2014
Floor Size
127m2
Land Size
178m2
Local Government
Brisbane
Lot/Plan
2/SP270207

Last Listing description (November 2024)

Built in 2014 this modern town home offers investors the opportunity to enter the Brisbane market with a assurance of guaranteed rent from DHA (Defence Housing Australia) and a long lease until June 2027. Rent is currently $640/week and is reviewed by a licensed valuer each year.

Featuring 3 spacious bedrooms and a separate study on the upper level and on the ground level, the open plan kitchen/living area. The living area flows through sliding glass doors to the undercover outdoor entertainment area and yard. Located within walking distance to McDowall State School, the leafy Chermside Hills and access to all the important amenities including local shops and cafes. The Westfield Chermside is also within close proximity.

LEASE DETAILS:

Current Rental: $640 per week
Lease start date 29/06/2015
Lease end date 28/06/2027
Nil option
Right to vary 1 x up to 12 months reduction and 1 x up to 12 months extension

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.
* Annual independent rent reviews
* Most maintenance paid for by DHA
* The lessor may also be entitled to a lease-end make-good including new paint and carpet (refer to the DHA Lease Agreement).
* Zero re-letting fees

Investing with DHA - This property is for sale on behalf of a DHA Lessor and has a DHA Lease Agreement in place. Visit www.dha.gov.au to learn about the benefits of investing in a DHA property. 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.

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Property History for 2/7 Foambark St, Mcdowall, QLD 4053

A timeline of how this property has performed in the market
Last Sold
$660,000
12 Oct 2024
  • 12 Oct 2024
    Sold for $660,000
  • 05 Sep 2024
    Listed for Sale Offers Over $649,000
  • 03 Mar 2022
    Sold for $525,000
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About 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 3,216 properties. Over the last 5 years, Houses in Mcdowall have seen a 77.50% increase in median value, while Units have seen a 105.28% increase. As at 30 November 2024:

  • The median value for Houses in Mcdowall is $1,250,205 while the median value for Units is $829,817.
  • Houses have a median rent of $775 while Units have a median rent of $675.
There are currently 14 properties listed for sale, and 2 properties listed for rent in Mcdowall on OnTheHouse. According to CoreLogic's data, 151 properties were sold in the past 12 months in Mcdowall.

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