OFF MARKET

17/18-24 Payne Road
The Gap QLD 4061

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 78m2
Land area: 90m2
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Property Details for 17/18-24 Payne Rd, The Gap

17/18-24 Payne Rd, The Gap is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2010. The property has a land size of 90m2 and floor size of 78m2. While the property is not currently for sale or for rent, it was last sold in July 2020.

Building Type
Unit
Year Built
2010
Floor Size
78m2
Land Size
90m2
Local Government
Brisbane
Lot/Plan
17/SP218403

Last Listing description (August 2020)

This neat, two bedroom unit is currently leased for $415/week and is for sale on behalf of a DHA lessor and has a Defence Housing Australia lease in place. Located in The Gap, less than 10 kilometres from the CBD and close to shops, parks and schools.

The main living area is tiled and opens out to a small, private balcony. The kitchen has quality finishes, built-in microwave & stylish tones. Both bedrooms are good size, with built in robes The ensuite has a large double size shower, whilst the second bathroom has a shower over the bath.

This set & forget investment offers guaranteed rent until 2022* (see lease details below).

LEASE DETAILS:
Current weekly rent: $415
Lease start date: 13/12/2013
Lease end date: 12/12/2022
Right to vary: 1 x up to 12 months Reduction and 1 x up to 12 months Extension (at DHA's discretion)
(Visit dha.gov.au to learn about the benefits of investing in a DHA property).
(The rent displayed is the 2019 rental figure, please note, DHA has recently performed a rent revaluation on this property. Please enquire with the agent to confirm the 2020 rental figure).

FEATURES:
* Two bedrooms
* Two bathrooms
* Air conditioned living area
* One designated car park

DHA LEASE BENEFITS:
* DHA guarantee to pay the rent even if the property is vacant.
* DHA Property Care, an all-inclusive service fee, covers a range of property related services.
* The property is cleaned at the end of each tenancy period.
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement)

In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers. Photos are supplied under agreement by DHA, and are for illustration purposes only.

For more information please contact your specialist DHA Sales agent at R&W Wilston/Windsor.

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Property History for 17/18-24 Payne Rd, The Gap, QLD 4061

A timeline of how this property has performed in the market
Last Sold
$400,000
28 Jul 2020
Listed for Rent
$440/w
21 Jun 2012
  • 28 Jul 2020
    Sold for $400,000
  • 09 Aug 2019
    Listed for Sale Offers Over $400,000
  • 13 Oct 2013
    Sold for $409,000
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About The Gap 4061

The size of The Gap is approximately 12.6 square kilometres. It has 31 parks covering nearly 10.8% of total area. The population of The Gap in 2011 was 15,949 people. By 2016 the population was 16,709 showing a population growth of 4.8% in the area during that time. The predominant age group in The Gap is 40-49 years. Households in The Gap are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Gap work in a professional occupation. In 2011, 83.4% of the homes in The Gap were owner-occupied compared with 83% in 2016.

The Gap has 6,799 properties. Over the last 5 years, Houses in The Gap have seen a 75.11% increase in median value, while Units have seen a 64.23% increase. As at 31 January 2025:

  • The median value for Houses in The Gap is $1,290,990 while the median value for Units is $939,103.
  • Houses have a median rent of $760 while Units have a median rent of $688.
There are currently 18 properties listed for sale, and 5 properties listed for rent in The gap on OnTheHouse. According to CoreLogic's data, 247 properties were sold in the past 12 months in The gap.

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