SOLD
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Sold on 20 Aug 2024 for $990,000

40 Karvella Street
Upper Kedron QLD 4055

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 700m2
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Property Details for 40 Karvella St, Upper Kedron

40 Karvella St, Upper Kedron is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2000. The property has a land size of 700m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 4 bedroom House sold in Upper Kedron in the last 12 months.

Building Type
House
Year Built
2000
Land Size
700m2

Last Listing description (August 2024)

When you buy this family friendly 4 bedroom investment property, Defence Housing Australia (DHA) will pay your rent every day for the remainder of the lease.

The house features 4 bedrooms - main with ensuite and walk-in robe, two large living areas and a kitchen designed for easy entertaining. The covered patio looks out over the large, fully fenced back yard. The house will be comfortable all year round with air conditioning in the living areas and main bedroom.

This property is in a high end precinct with walking paths, parks, playgrounds, shops and schools close by. Upper Kedron is 16 kms to north west of the Brisbane CBD and is a short drive to Ferny Grove train station, schools and shops.

DHA Lease Summary
End Date: 13/12/2026
Rent: $700/week

DHA Lease Options and Variations
DHA option: 1 x fixed 36 months option to increase
Right to vary: 1 x 12 month extension
DHA Current Monthly Charges Management fee: 16.5% (incl GST)

- 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)

Contact Andrew Weston andrew@portfoliosales.com.au or Donna Krause donna@portfoliosales.com.au for more information or to arrange an inspection.

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.

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Property History for 40 Karvella St, Upper Kedron, QLD 4055

A timeline of how this property has performed in the market
Last Sold
$990,000
20 Aug 2024
  • 20 Aug 2024
    Sold for $990,000
  • 01 Aug 2024
    Listed for Sale Under Contract
  • 01 Feb 2000
    Sold for $84,000

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About Upper Kedron 4055

The size of Upper Kedron is approximately 8.7 square kilometres. It has 15 parks covering nearly 5.5% of total area. The population of Upper Kedron in 2011 was 3,431 people. By 2016 the population was 4,188 showing a population growth of 22.1% in the area during that time. The predominant age group in Upper Kedron is 0-9 years. Households in Upper Kedron are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Upper Kedron work in a professional occupation. In 2011, 69.9% of the homes in Upper Kedron were owner-occupied compared with 69% in 2016.

Upper Kedron has 2,346 properties. Over the last 5 years, Houses in Upper Kedron have seen a 85.85% increase in median value. As at 30 November 2024:

  • The median value for Houses in Upper Kedron is $1,221,464 while the median value for Units is $767,491.
  • Houses have a median rent of $800.
There are currently 14 properties listed for sale, and 1 property listed for rent in Upper kedron on OnTheHouse. According to CoreLogic's data, 101 properties were sold in the past 12 months in Upper kedron.

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