SOLD
Sold on 12 Jul 2024 for $1,105,000

41 Kooya Road
Mitchelton QLD 4053

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 176m2
Land area: 739m2
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Property Details for 41 Kooya Rd, Mitchelton

41 Kooya Rd, Mitchelton is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2002. The property has a land size of 739m2 and floor size of 176m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Mitchelton in the last 12 months.

Building Type
House
Year Built
2002
Floor Size
176m2
Land Size
739m2
Local Government
Brisbane
Lot/Plan
89/SP127801

Last Listing description (August 2024)

CALLING ALL INVESTORS - This lovely two storey home offers the most secure investment opportunity for the Set-and-Forget INVESTOR, looking for a secure investment in the sought after suburb of Mitchelton. The home is leased by DHA (Defence Housing Australia) until December 2027, offering guaranteed rent every day of the lease. The current rent paid is $880pw and is assessed annually in December by a registered valuer.

Located in a quiet leafy street, and nestled within a battle axe block, this property offers privacy and seclusion. Boasting four generous bedrooms, 2 separate living areas and outdoor entertaining area, this is a perfect opportunity to buy now, rent out then move into a few years later.

Situated near Mitchelton State High school, Mitchelton Primary and many other sought-after schools, and is walking distance to the bus and less than 5 mins drive to Mitchelton Train station, direct to the CBD. Nearby is Brookside Shopping Centre, parklands and close to all amenities.

LEASE DETAILS
Lease start date: 29/12/2018
Lease end date: 28/12/2027
Lease option: Nil

CURRENT RENT for 2024: $875pw (reviewed annually).

FEATURES:
* 4 bedrooms, all with built-ins
* Master bedroom with Ensuite and Walk-in Robe
* Modern kitchen boasting modern appliances
* Main bathroom with shower and separate bath
* Separate powder room downstairs
* Open plan lounge, dining and kitchen
* Air-conditioned living and master bedroom, and ceiling fans throughout
* Security grills to windows and doors
* Double lock up garage with remote control entry and internal access to the home
* Covered outdoor entertaining area
* 739 battle axe block
* Built 2002
* Approx. 8km to Brisbane CBD

RATES:
Council - Approx $620 per quarter
Water - Approx $450 per quarter

DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted or not
* 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

The DHA (Defence Housing Australia) lease offers the new owners guaranteed continuous 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.

** 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 Ann Nugent.

In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.

Please call Specialist DHA Investment Sales Agent, Ann to arrange a private inspection.

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Property History for 41 Kooya Rd, Mitchelton, QLD 4053

A timeline of how this property has performed in the market
Last Sold
$1,105,000
12 Jul 2024
  • 12 Jul 2024
    Sold for $1,105,000
  • 25 Jun 2024
    Listed for Sale OFFERS OVER $1,030,000
  • 28 Nov 2003
    Sold for $409,500
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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 3,953 properties. Over the last 5 years, Houses in Mitchelton have seen a 82.14% increase in median value, while Units have seen a 69.87% increase. As at 31 October 2024:

  • The median value for Houses in Mitchelton is $1,204,621 while the median value for Units is $687,464.
  • Houses have a median rent of $643 while Units have a median rent of $520.
There are currently 26 properties listed for sale, and 11 properties listed for rent in Mitchelton on OnTheHouse. According to CoreLogic's data, 190 properties were sold in the past 12 months in Mitchelton.

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