OFF MARKET

60 Magenta Crescent
Mitchelton QLD 4053

Bedrooms: 4
Bathrooms: 2
Car spaces: 1
Floor area: 190m2
Land area: 464m2
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Property Details for 60 Magenta Cres, Mitchelton

60 Magenta Cres, Mitchelton is a 4 bedroom, 2 bathroom House with 1 parking spaces and was built in 2003. The property has a land size of 464m2 and floor size of 190m2. While the property is not currently for sale or for rent, it was last sold in November 2019.

Building Type
House
Year Built
2003
Floor Size
190m2
Land Size
464m2
Local Government
Brisbane
Lot/Plan
18/SP120922

Last Listing description (March 2020)

This large, two storey home is the perfect investment whilst possibly moving in at a later date. The property is for sale on behalf of a DHA lessor and has a DHA lease in place until 2023*. (Visit dha.gov.au to learn about the benefits of investing in a DHA property). Beautifully presented with low maintenance garden. The formal lounge has a raked ceiling and air conditioning. The family room looks out to the rear yard and has tiled floors and air conditioning. The bedrooms are generous and have good storage space.

PROPERTY FEATURES:
* Master bedroom has a good sized walk in robe, air conditioning and ensuite

* Separate formal lounge/dining area with raked ceiling
* Undercover patio area at rear of the home
* Neutral tones
* Air conditioning, security screens and ceiling fans
* Low maintenance yard

LEASE DETAILS:
Current rental guarantee: $585 per week
Lease start date: 05/06/2017
Lease end date: 04/06/2023
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
**All options and variations are exercised at DHA's discretion.
Rent is reviewed in December every year by a registered valuer
(The rent displayed is the 2019 rental figure, please note, DHA has recently performed a rent revaluation on this property. Please enquire with the agent to confirm the 2020 rental figure).

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).

Mitchelton is a closely held suburb and is very popular with families. This home is walking distance to the State Primary and Secondary Schools and a short drive to Mitchelton train station and Brookside Shopping Centre. Located 10 kilometres from Brisbane CBD with good access to public transport.

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 Wilston/Windsor.

Property History for 60 Magenta Cres, Mitchelton, QLD 4053

A timeline of how this property has performed in the market
Last Sold
$675,000
13 Nov 2019
  • 13 Nov 2019
    Sold for $675,000
  • 11 Oct 2019
    Listed for Sale UNDER CONTRACT
  • 03 May 2001
    Sold for $267,000
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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 3,955 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 23 properties listed for sale, and 11 properties listed for rent in Mitchelton on OnTheHouse. According to CoreLogic's data, 194 properties were sold in the past 12 months in Mitchelton.

Suburb Insights for Mitchelton 4053

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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.