OFF MARKET

8/111-127 Bowen Road
Rosslea QLD 4812

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 99m2
Land area: 142m2
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Property Details for 8/111-127 Bowen Rd, Rosslea

8/111-127 Bowen Rd, Rosslea is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2006. The property has a land size of 142m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
Unit
Year Built
2006
Floor Size
99m2
Land Size
142m2
Local Government
Townsville City
Lot/Plan
8/SP184146

Last Listing description (November 2022)

INVESTORS : With a very impressive 8.14% rental yield, now is the time to invest before you miss the boat! There's still over 1 year remaining on the current DHA lease and at the end of the lease the new owners can decide to move in after the property enjoys a full repaint and recarpet at DHA's (Defence Housing Australia's) expense. If you'd prefer to rent it out again you can rent it privately or consider offering it again to Defence Housing (subject to their requirements at the time) on another loan term lease with guaranteed income, resulting in stress-free investing, regardless of whether the home is tenanted. DHA is Ideal for investors from anywhere in the country, great for superannuation funds, or for those starting their property portfolio and looking for a safe and secure option to get started.
Riverview Apartments is a private resort for residents. Security gate access with on-site managers. The complex boasts a free-form pool, spa and BBQ area. The apartment located on level 1 has two bedrooms each with ceiling fans and is fully air-conditioned. The master bedroom is generous in size and features an ensuite and built in robes to both bedrooms. The modern kitchen overlooks the combined lounge dining room and large private balcony. There is a storage area on the balcony and a single car park for private use.
Rosslea is a well established suburb situated on the banks of the Ross River. You can cycle, run or walk to Lavarack Barracks. 5 mins to James Cook University & Townsville Hospital 2 mins to local shopping precinct. Close to the golf course, Townsville RSL Stadium, and Murray sporting complex. Public transport close by.

RENT : Current Gross rent for 2022 is $390pw and assessed again in December by an independent valuer. Currently offering a hue 8.14% rental yield

LEASE DETAILS :
* Lease edition Edition 6B
* Lease start date 03/11/2014
* Lease end date 02/11/2023
* Lease option Used
* Right to vary 1 x up to 12 months Reduction and 1 x up to 12 months Extension

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 may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* Zero re-letting fees
These are just some of the benefits of the DHA lease attached to this property. Enjoy all the benefits of rental guarantee and a no fuss investment property; let DHA do all the hard work for you.

****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.

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Property History for 8/111-127 Bowen Rd, Rosslea, QLD 4812

A timeline of how this property has performed in the market
Last Sold
$250,000
15 Oct 2022
  • 15 Oct 2022
    Sold for $250,000
  • 05 Oct 2022
    Listed for Sale Best offer above $249,000
  • 24 Sep 2014
    Sold for $335,000
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About Rosslea 4812

The size of Rosslea is approximately 1.7 square kilometres. It has 3 parks covering nearly 51.3% of total area. The population of Rosslea in 2011 was 1,599 people. By 2016 the population was 1,725 showing a population growth of 7.9% in the area during that time. The predominant age group in Rosslea is 20-29 years. Households in Rosslea are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Rosslea work in a professional occupation. In 2011, 35.6% of the homes in Rosslea were owner-occupied compared with 37.4% in 2016.

Rosslea has 1,328 properties. Over the last 5 years, Houses in Rosslea have seen a 85.65% increase in median value, while Units have seen a 101.99% increase. As at 31 October 2024:

  • The median value for Houses in Rosslea is $568,810 while the median value for Units is $318,381.
  • Houses have a median rent of $430 while Units have a median rent of $360.
There are currently 5 properties listed for sale, and 8 properties listed for rent in Rosslea on OnTheHouse. According to CoreLogic's data, 126 properties were sold in the past 12 months in Rosslea.

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