1 Cormorant DriveHewett SA 5118
Property Details for 1 Cormorant Dr, Hewett
1 Cormorant Dr, Hewett is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2005. The property has a land size of 566m2 and floor size of 231m2. While the property is not currently for sale or for rent, it was last sold in December 2010.
Last Listing description (October 2019)
Currently under long term lease to Defence Housing Australia (DHA) until 2022 with a 3 year option for extension at $470.00 per week, an ideal consideration for local & interstate investors, private superannuation funds, astute investors looking for security and a high value tenant, and those seeking quality additions to an investment portfolio. Please note that DHA leased properties have regular rent reviews to keep up with increasing rents in the market place.
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.
Weekly rent: $470.00
Next rent review: 31/12/2019
Lease option: 1 x up to 36 months (Note the option and right to vary is at DHAs discretion)
Right to vary: 1 x up to 12 months Reduction and 1 x up to 12 months Extension
Situated at Hewett and offering 4 bedrooms with the master bedroom complete with ensuite and walk-in robe and bedrooms two & three have built in robes, the kitchen is located to the centre of the properties floor plan and is open plan with the dining room. Throughout the property there multiple living options with an everyday family room, formal living room to the front of the home and large Rumpus room to the rear of the property. This home is a perfect investment that will have market appeal to a range of buyers.
The kitchen is well appointed with overhead cupboards, pantry, gas cook top and generous bench space.
Other features that enhance the investment;
Double garage under the main roof with internal entry
Outdoor undercover entertaining area
Large floor plan with 4 bedrooms
Three living spaces
Fully established front and rear gardens
Surrounded by other quality establish homes
Easy access to parks, town centre and Hewett Primary School
Situated on an allotment of 566sqm and constructed in 2005 this property will be an exceptional long term investment with a secure and reliable tenant being Defence Housing Australia until 2022 with a 3 year option for extension.
For all enquiries and to arrange to view this property please call Craig Costello on 0448 212 066 or email craigc@harrisre.com.au all inspections are by private appointment.
Specifications:
CT / 5916/180
Council / City of Light
Zoning / R7
Built / 2005
Land / 566m2
All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a propertys land size, floor plans and size, building age and condition). Interested parties should make their own inquiries and obtain their own legal advice.
Property History for 1 Cormorant Dr, Hewett, SA 5118
- 17 Oct 2018Listed for Sale $442k
- 17 Dec 2010Sold for $420,000
- 28 Feb 2007Sold for $355,000
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About Hewett 5118
The size of Hewett is approximately 1.7 square kilometres. It has 6 parks covering nearly 24.1% of total area. The population of Hewett in 2011 was 2,754 people. By 2016 the population was 2,820 showing a population growth of 2.4% in the area during that time. The predominant age group in Hewett is 40-49 years. Households in Hewett are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hewett work in a professional occupation. In 2011, 85.7% of the homes in Hewett were owner-occupied compared with 83.4% in 2016.
Hewett has 1,091 properties. Over the last 5 years, Houses in Hewett have seen a 77.61% increase in median value, while Units have seen a -8.73% decrease. As at 31 October 2024:
- The median value for Houses in Hewett is $799,434 while the median value for Units is $601,831.
- Houses have a median rent of $635.
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