OFF MARKET

2 Verbena Drive
Mount Sheridan QLD 4868

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 155m2
Land area: 709m2
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Last updated 11 Nov 2024
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Property Details for 2 Verbena Dr, Mount Sheridan

2 Verbena Dr, Mount Sheridan is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2001. The property has a land size of 709m2 and floor size of 155m2. While the property is not currently for sale or for rent, it was last sold in June 2018.

Building Type
House
Year Built
2001
Floor Size
155m2
Land Size
709m2
Local Government
Cairns Regional
Lot/Plan
41/RP867010

Last Listing description (August 2018)

Rock Solid Defence Housing Lease until 02/08/2022 !! + 3yr Option to extend . Weekly Gross Rent - $410 or NETT $ 17,863.32 per annum. Quality 4 brm family home. What a great investment - Zero vacancy rate with a Defence Australia lease your bank manager will love this!!
Genuine seller offering an EXCELLENT NETT return of 4.36 % - better than the banks these days.. Spacious 4 bedroom family home located in popular & family friendly Mount Sheridan, with mountain views from the back yard & is amongst quality homes & neighbours. Convenient access to Mount Sheridan Plaza shopping centre, nearby sporting facilities & bus transport to the city. Just set and forget while your investment is professionally managed by Defence Housing Australia (DHA) with their guaranteed lease in place until 2/08/22 + 3 yr option an ideal property for you Super portfolio!!
DHA Lease Summary

Lease edition: Edition 6B. Lease start date: 3 /08/2010 Lease end date: 02/08/2022
PLUS OPTION -
Lease option: 1 x up to 36 months (Note the option and right to vary is at DHA s discretion)
Right to vary: 1 x up to 12 months Reduction and 1 x up to 12 months Extension
Weekly Gross Rent - $ 410 or NETT ANNUAL RENT = $ 17,863.32 CLEAR AFTER D.H.A. MANAGEMENT FEES AND GST.
DHA Lease Edition 6B provides for lease end restoration works completed at the termination of the lease. Investing with DHA This property is for sale on behalf of a DHA lessor and has a DHA lease in place. Visit dha.gov.au to learn about the benefits of investing in DHA property. In accordance with DHA regulations we advise that this property will be available for private inspection only and to prequalified buyers only. Photos are supplied under agreement by DHA and are for illustration purposes only.
Guaranteed rent is paid 52 weeks a year. Rent is paid a month in advance. Rent is reviewed in December every year by a registered valuer. DHA Property Care maintenance package included.
For an independent review of the Cairns market potential please click on this link for a recent report. https:/?/?m.you rinvestmentpropertymag.com.au/?property-tips/?cair ns-a-golden-market-245392.aspx

Property History for 2 Verbena Dr, Mount Sheridan, QLD 4868

A timeline of how this property has performed in the market
Last Sold
$395,000
30 Jun 2018
Listed for Rent
$380/w
08 Nov 2014
  • 30 Jun 2018
    Sold for $395,000
  • 27 Oct 2017
    Listed for Sale $410,000 neg
  • 30 Oct 2014
    Listed for Rent $380 / week
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About Mount Sheridan 4868

The size of Mount Sheridan is approximately 6.1 square kilometres. It has 22 parks covering nearly 19% of total area. The population of Mount Sheridan in 2011 was 7,994 people. By 2016 the population was 8,274 showing a population growth of 3.5% in the area during that time. The predominant age group in Mount Sheridan is 40-49 years. Households in Mount Sheridan are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mount Sheridan work in a professional occupation. In 2011, 67% of the homes in Mount Sheridan were owner-occupied compared with 68.3% in 2016.

Mount Sheridan has 3,665 properties. Over the last 5 years, Houses in Mount Sheridan have seen a 67.12% increase in median value, while Units have seen a 98.01% increase. As at 31 October 2024:

  • The median value for Houses in Mount Sheridan is $617,819 while the median value for Units is $481,587.
  • Houses have a median rent of $590 while Units have a median rent of $308.
There are currently 49 properties listed for sale, and 5 properties listed for rent in Mount sheridan on OnTheHouse. According to CoreLogic's data, 132 properties were sold in the past 12 months in Mount sheridan.

Suburb Insights for Mount Sheridan 4868

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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.