OFF MARKET

3 Wills Way
Hewett SA 5118

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 192m2
Land area: 606m2
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Last updated 28 Oct 2024
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Property Details for 3 Wills Way, Hewett

3 Wills Way, Hewett is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2003. The property has a land size of 606m2 and floor size of 192m2. While the property is not currently for sale or for rent, it was last sold in April 2010.

Building Type
House
Year Built
2003
Floor Size
192m2
Land Size
606m2
Local Government
Light
Lot/Plan
A309/D62394

Last Listing description (October 2016)

This property has a long-term guaranteed lease to Defence Housing Australia with mandatory 2.5% minimum annual rent increases.
The lease to DHA expires on 20.12.2018 with a further option to DHA of another 36 months.
The weekly rent is $409.74

Balance of Gross Income from lease is estimated to be $86,338 (as at 15/11/14)
This unique investment comprises a large modern four bedroom residence located in the northern fringe of the Adelaide metropolitan area and in close proximity to the historic country township of Gawler. The layout includes an en-suite bathroom and walk-in robe to the master bedroom, built-in robes to the other bedrooms, open plan family, meals and dining room, separate lounge, main bathroom with separate toilet, laundry, double garage and covered outdoor entertainment area.
*This property is located opposite a nature reserve !!
Key features of this investment include:
No vacancy periods
Long term capital gain
Tax depreciation allowances.
Tenant managed for the full lease term
Hands-off investment
Capital renewals on completion of lease term
Investors have to enter a ballot to buy these properties new but you get the opportunity to bypass that barrier and invest direct.
Please visit www.dha.gov.au/investing to discover all the benefits of investing in Defence Housing Australia property.

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Property History for 3 Wills Way, Hewett, SA 5118

A timeline of how this property has performed in the market
Last Sold
$375,000
24 Apr 2010
  • 29 Nov 2014
    Listed for Sale $435,000 - $465,000
  • 24 Apr 2010
    Sold for $375,000
  • 11 Feb 2010
    Listed for Sale $380,000
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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 81.24% increase in median value, while Units have seen a -8.73% decrease. As at 30 September 2024:

  • The median value for Houses in Hewett is $793,790 while the median value for Units is $601,831.
  • Houses have a median rent of $635.
There are currently 5 properties listed for sale, and no properties listed for rent in Hewett on OnTheHouse. According to CoreLogic's data, 62 properties were sold in the past 12 months in Hewett.

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