64 Magenta CrescentMitchelton QLD 4053
Property Details for 64 Magenta Cres, Mitchelton
64 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 456m2 and floor size of 154m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (November 2023)
INVESTORS : This 4 Bedroom home is a perfect INVESTOR opportunity. Leased by DHA (Defence Housing Australia) until 2026 and then at lease end available to live in yourself, offer again to DHA, rent out privately, or onsell. Perfectly located in the blue chip suburb of Mitchelton, just 9km from Brisbane's CBD. Boasting 4 generous bedrooms, and 2 separate living areas and perched on a comfortable 456sqm corner 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 and Brookside Shopping Centre.
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 11/06/2017
* Lease end 10/06/2026
* Option available : USED
* Right to vary : 1 x up to 12 months reduction and 1 x up to 12 months extension
* All options/extensions are in DHA's favour.
CURRENT RENT FOR 2023 : $850 PW and adjusted annually according to an independent professional valuation
FEATURES :
* Double Storey rendered brick home located on corner block.
* 4 bedrooms, inc master with WIR, AC & Ensuite and outdoor balcony/deck overlooking yard
* Double Storey rendered brick home
* Freshly painted inside and out in 2020
* New carpet throughout in 2020
* Two separate living areas
* Main bathroom with shower and separate bath
* Downstairs toilet
* Ceiling fans throughout with Aircon to master, main living and kitchen/dining.
* Security grills to windows and doors
* Double lock up garage with remote control entry and internal access to the home
* Covered outdoor Terrace
* Rendered brick fences
* Roof repainted in 2020
* 9km to Brisbane CBD
* Built 2003
This investment equals "peace of mind" from a long lease, guaranteed rental income paid monthly in advance and other extensive DHA Property Care Services.
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 is also entitled to a lease-end make-good which includes repainting and recarpeting (refer to the DHA Lease Agreement).
* Zero re-letting fees
** A note for Owner Occupiers -This property is sold with a DHA (Defence Housing Australia) lease in place which offers significant benefits to the investor however can't be occupied by the owner/s until the lease ends **
***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.
Information provided above has been obtained from various sources 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, and 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 64 Magenta Cres, Mitchelton, QLD 4053
- 26 Jun 2023Sold for $911,000
- 09 Oct 2019Listed for Sale $679,000
- 01 Oct 2019Sold for $660,000
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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 3,957 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.
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