38 Hilldean DriveRaceview QLD 4305
Property Details for 38 Hilldean Dr, Raceview
38 Hilldean Dr, Raceview is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 342m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom House sold in Raceview in the last 12 months.
Last Listing description (May 2024)
INVESTORS: This home is on a Defence Housing (DHA) lease until 2029 with an additional option of 3 years which could take it through until 2032. A DHA (Defence Housing Australia) lease offers the new owners amazing inclusions such as guaranteed rental income, a comprehensive property care/maintenance package, & annual independent professional rental valuations and adjustments, all of which are designed for stress free investing. Ideal for investors located anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option. At lease end the home is repainted at DHA's expense before being handed back for you to move in, rent out privately or sell. You can also choose to discuss DHA's requirements for the home on a longer term basis with the potential for a new lease. You're also free to onsell to another investor at any time during the lease.
Set in beautiful surrounds in one of the fastest growing regions in South East Queensland. Raceview is centrally located and only a short distance to schools, shops, parks, sporting facilities, major shopping centres and public transport. If you are looking to invest in an area that is close to all amenities then you'd be wise to consider this property.
CURRENT GROSS RENT FOR 2024: $580pw and adjusted each December according to an independent professional valuation.
LEASE DETAILS :
* Lease start date 30/10/2020
* Lease end date 29/10/2029
* Lease option 1 X up to 36 month option
* Right to vary 1 x up to 12 months reduction
* Important Note: The 12 month right to vary is at DHA’s discretion.
PROPERTY FEATURES:
* Modern double storey home
* 4 Bedrooms upstairs inc Main with Ensuite, WIR and Air Con
* 2 living areas inc Family, Kitchen/dining downstairs and Separate Lounge upstairs
* Double Lock up garage with storage and secure internal access
* Outdoor entertaining area
* Security Screens throughout
* Modern kitchen with stainless appliances and ample storage
* Dining area opens out to an outdoor patio through double glass sliders
* Easy care tiled living areas and carpeted bedrooms
* Compact 342 sqm block
* Built approx 2010
COUNCIL RATES: Approx $545 per quarter
WATER RATES: TBC
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most 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
** 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 and must be coordinated by the agent with the tenants.
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 Floorplan, lease dates, 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 38 Hilldean Dr, Raceview, QLD 4305
- 02 May 2024Sold for $630,100
- 02 Feb 2024Listed for Sale $625,000 Plus
- 23 Sep 2020Sold for $430,000
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About Raceview 4305
The size of Raceview is approximately 5.9 square kilometres. It has 23 parks covering nearly 11.7% of total area. The population of Raceview in 2011 was 8,686 people. By 2016 the population was 9,716 showing a population growth of 11.9% in the area during that time. The predominant age group in Raceview is 0-9 years. Households in Raceview are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Raceview work in a trades occupation. In 2011, 51.4% of the homes in Raceview were owner-occupied compared with 53% in 2016.
Raceview has 4,455 properties. Over the last 5 years, Houses in Raceview have seen a 99.05% increase in median value, while Units have seen a 102.38% increase. As at 31 October 2024:
- The median value for Houses in Raceview is $669,499 while the median value for Units is $421,961.
- Houses have a median rent of $530 while Units have a median rent of $425.
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