OFF MARKET

16 Garigal Street
North Lakes QLD 4509

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 165m2
Land area: 448m2
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Property Details for 16 Garigal St, North Lakes

16 Garigal St, North Lakes is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2011. The property has a land size of 448m2 and floor size of 165m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
House
Year Built
2011
Floor Size
165m2
Land Size
448m2
Local Government
Moreton Bay
Lot/Plan
86/SP236570

Last Listing description (April 2021)

Break into the investment market with this neat, well maintained 4 bedroom home in North Lakes. Offering a 4.8% net return, this is a sound investment opportunity. With median prices in North Lakes at $560,000 and steady growth over the past 10 years, this is a great area to buy. AND, you have a guaranteed tenant until 2024!

This property is for sale on behalf of a DHA lessor and has a DHA lease in place. Rent is guaranteed each and every week for the duration of the lease. Buyers also benefit from DHA's lease-end restoration - please see the following link, to learn about DHA property management, market rent review, repair & maintenance and lease-end restoration: http://dha.gov.au/investing/buy-a-property/why-buy-with-dha/dha-property-care.

LEASE DETAILS

Lease start date: 11/05/2012
Lease end date: 10/05/2024
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
Rental guarantee: $455 pw

PROPERTY FEATURES:
* Built 2011
* Crisp & compact design
* Open plan kitchen/family room opening out to an undercover dining area
* Separate lounge room
* Fresh, neutral tones
* Water tank
* Air conditioned living area and main bedroom
* Ceiling Fans and security screens
* Double lock up garage
* Gas hot water
* 448 m2 block and 159 m2 floor area

Close to Public transport, Parks, Schools, North Lakes Shopping Centre, Costco & Ikea. The nearest train stations are the Mango Hill & Mango Hill East train lines on the Redcliffe Peninsula line, while the airport is 35 minutes away in Brisbane. The suburb is well positioned near the Bruce Highway, and trips to the Sunshine Coast only take 45 minutes.

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.

For more information or to arrange a private inspection please contact Ann Nugent at Richardson & Wrench Wilston/Windsor, your DHA specialist.

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Property History for 16 Garigal St, North Lakes, QLD 4509

A timeline of how this property has performed in the market
Last Sold
$485,000
25 Feb 2021
  • 25 Feb 2021
    Sold for $485,000
  • 23 Feb 2021
    Listed for Sale Offers Over $485,000
  • 04 Sep 2018
    Listed for Sale $469,000
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About North Lakes 4509

The size of North Lakes is approximately 11.6 square kilometres. It has 54 parks covering nearly 18.8% of total area. The population of North Lakes in 2011 was 15,045 people. By 2016 the population was 21,670 showing a population growth of 44.0% in the area during that time. The predominant age group in North Lakes is 0-9 years. Households in North Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Lakes work in a professional occupation. In 2011, 61.9% of the homes in North Lakes were owner-occupied compared with 54.8% in 2016.

North Lakes has 9,148 properties. Over the last 5 years, Houses in North Lakes have seen a 85.26% increase in median value, while Units have seen a 77.89% increase. As at 30 November 2024:

  • The median value for Houses in North Lakes is $931,802 while the median value for Units is $617,504.
  • Houses have a median rent of $650 while Units have a median rent of $570.
There are currently 40 properties listed for sale, and 102 properties listed for rent in North lakes on OnTheHouse. According to CoreLogic's data, 497 properties were sold in the past 12 months in North lakes.

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