34 Magenta CrescentMitchelton QLD 4053
Property Details for 34 Magenta Cres, Mitchelton
34 Magenta Cres, Mitchelton is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2003. The property has a land size of 600m2 and floor size of 179m2. While the property is not currently for sale or for rent, it was last sold in March 2022.
Last Listing description (April 2022)
INVESTORS This 4 Bedroom home is a perfect INVESTOR opportunity, leased by DHA (Defence Housing Australia) until 2024 with a further 3 year option which could take it through until 2027! The current rent paid $600pw and assessed again annually. Located in a quiet street in Mitchelton, just 8km from Brisbane's CBD. Boasting 4 generous bedrooms, 2 separate living areas and perched on a comfortable 600sqm block in a quiet pocket, surrounded by other quality homes. Situated in close proximity to Mitchelton State High school and Mitchelton Primary, walking distance to the bus stop and less than 5 mins drive to Mitchelton Train station.
With the Brisbane property market recording record growth and predictions that this trend is set to continue for some time, now is the time to lock down your investment in the state. The DHA (Defence Housing Australia) lease offers the new owners guaranteed rental income, resulting in stress free investing, regardless of whether the home is tenanted. Ideal for investors from anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option to get started.
LEASE DETAILS :
* Lease start date 4/8/2018
* Lease end date 3/8/2024
* Lease option 1 x up to 36 months
* Right to vary 1 x up to 12 months Reduction and 1 x up to 12 months Extension
* Note: The option and right to vary is at DHAs discretion.
CURRENT RENT for 2022 : $600pw and guaranteed not to drop below $580pw for the life of the lease.
FEATURES:
* 4 bedrooms, all with built-ins
* Master bedroom with Ensuite
* Modern kitchen boasting stainless steel appliances
* Main bathroom with shower and separate bath
* Separate powder room
* Two separate living areas
* Open plan lounge, dining and kitchen
* Ceiling fans
* Security grills to windows and doors
* Double lock up garage with remote control entry and internal access to the home
* Covered outdoor area
* 600sqm block
* Built approx 2003
* 8km to Brisbane CBD
RATES:
Council - Approx $2100 pa
Water - Approx $1100pa
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most non structural maintenance paid for by DHA
* The lessor may also be entitled to a lease-end make-good (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 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 to pre-qualified buyers.
Information provided above has been obtained from various sources from which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a Floorpan, build date, land size, floor plans and size, 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 34 Magenta Cres, Mitchelton, QLD 4053
- 15 Mar 2022Sold for $961,500
- 08 Feb 2022Listed for Sale OFFERS ABOVE $929,000
- 30 Nov 2011Sold for $475,000
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0About 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.
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