SOLD
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Sold on 20 Sep 2024 for $1,090,000

28 Indigo Crescent
Mitchelton QLD 4053

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 450m2
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Property Details for 28 Indigo Cres, Mitchelton

28 Indigo Cres, Mitchelton is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 450m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 4 bedroom House sold in Mitchelton in the last 12 months.

Building Type
House
Land Size
450m2
Local Government
Brisbane
Lot/Plan
26/SP120922

Last Listing description (September 2024)

Investor's Dream - This low-set family home offers an exceptional investment opportunity in the highly sought-after suburb of Mitchelton. Leased through Defence Housing Australia (DHA) until 2026, the property guarantees a solid rental income of $860 per week, with annual rent reviews to ensure market alignment. Tucked away on a serene, leafy street just 8km from Brisbane's CBD, this home combines peaceful suburban living with easy access to the city.

The property boasts four generously sized bedrooms and two separate living areas, all situated on a comfortable 450sqm block. It's surrounded by other quality homes in a welcoming community. The location is superb, with Mitchelton State High School, Mitchelton Primary, and other esteemed schools close by. Public transport options are convenient, with a bus stop within walking distance and Mitchelton Train Station just a 5-minute drive away, providing direct routes to the CBD. You'll also be within walking distance of the popular Blackwood Street Café & Restaurant Precinct and Brookside Shopping Centre, offering an array of dining and shopping options.

With Brisbane's property market experiencing rapid growth and predictions for continued appreciation, now is the ideal time to secure a reliable investment in Queensland. The DHA lease ensures continuous rental income, providing a worry-free investment experience, even during periods of vacancy. This property is perfect for investors nationwide, those looking to grow their superannuation funds, or individuals starting their property portfolio who want a safe, secure entry into the market.

Property Highlights:

4 spacious bedrooms, each with built-in wardrobes
Master bedroom featuring an ensuite and walk-in robe
Modern kitchen with contemporary appliances
Main bathroom equipped with a separate shower and bath
Open-plan living, dining, and kitchen area
Air conditioning and ceiling fans throughout
Double lock-up garage with remote control access and internal entry
Covered outdoor entertainment area
450sqm block
Approximately 8km from Brisbane's CBD

DHA Lease Advantages:
Guaranteed, timely rent payments, regardless of tenancy status
Annual rent assessments by an independent reviewer
DHA covers most non-structural maintenance costs
Full lease-end restoration (subject to DHA Lease Agreement)
No re-letting fees
Opportunities like this are rare, so get in touch to arrange a private inspection!

DHA Investment: This property is for sale on behalf of a DHA lessor, with an active DHA Lease Agreement in place. Visit dha.gov.au for more details on investing in a DHA property. Please note, per DHA regulations, this property is available for private inspections only to pre-qualified buyers.

While the information provided has been gathered from reliable sources, we recommend that interested parties conduct their own research and seek independent legal advice to ensure all details are accurate.

Property History for 28 Indigo Cres, Mitchelton, QLD 4053

A timeline of how this property has performed in the market
Last Sold
$1,090,000
20 Sep 2024
  • 20 Sep 2024
    Sold for $1,090,000
  • 23 Aug 2024
    Listed for Sale For Sale
  • 19 Dec 2013
    Transferred for $350,000
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About Mitchelton 4053

The size of Mitchelton is approximately 4.2 square kilometres. It has 17 parks covering nearly 7.3% of total area. The population of Mitchelton in 2011 was 8,011 people. By 2016 the population was 8,546 showing a population growth of 6.7% in the area during that time. The predominant age group in Mitchelton is 30-39 years. Households in Mitchelton are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mitchelton work in a professional occupation. In 2011, 64.4% of the homes in Mitchelton were owner-occupied compared with 60.7% in 2016.

Mitchelton has 3,967 properties. Over the last 5 years, Houses in Mitchelton have seen a 86.95% increase in median value, while Units have seen a 72.35% increase. As at 31 August 2024:

  • The median value for Houses in Mitchelton is $1,188,373 while the median value for Units is $673,257.
  • Houses have a median rent of $650 while Units have a median rent of $520.
There are currently 25 properties listed for sale, and 13 properties listed for rent in Mitchelton on OnTheHouse. According to CoreLogic's data, 204 properties were sold in the past 12 months in Mitchelton.

Suburb Insights for Mitchelton 4053

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Rob Missenden
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Ashleigh Sorbello
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Denovans Real Estate
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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.