SOLD
Sold on 23 Dec 2024 for $440,000

6/1 Coventry Street
Mawson Lakes SA 5095

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 124m2
Land area: 80m2
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Sold By
Turner Real Estate Adelaide
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Property Details for 6/1 Coventry St, Mawson Lakes

6/1 Coventry St, Mawson Lakes is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2018. The property has a land size of 80m2 and floor size of 124m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 2 bedroom Unit sold in Mawson Lakes in the last 12 months.

Building Type
Unit
Year Built
2018
Floor Size
124m2
Land Size
80m2
Local Government
Salisbury
Lot/Plan
F6/C41215

Last Listing description (December 2024)

Sold - Awaiting Settlement!

Please Note: This is sold as a Defence Housing Australia property with a lease till 12th March 2026. You can't move into the property prior to this. There is an option to extend the lease a further 3 years.

Here is a great opportunity to secure a quality investment property in Mawson lakes within close proximity to nearby cafes and popular eateries, leafy walking trails and educational campuses.

This property is currently under a secure Defence Housing Australia (DHA) Lease Agreement that guarantees great market rental income, property maintenance & management all looked after for you, all you have to do is sit back and watch your investment grow.

The property itself is a two bedroom, one bathroom, one carpark unit with a balcony off the living space.

Current gross rental income is $1,826.25 per month. This long term rent is regularly reviewed. The full DHA Lease Agreement can be made available on request.

No need to worry about bad tenants... this is all managed by Defence. When your tenants leave, it's all good, the property gets a facelift and freshen up as you keep collecting your rent, all with no out of pocket expenses!

Property is managed under Defence Housing Australia - agreement in place until 12th March 2026 with an option to extend a further 3 years. Current rental return is $420 per week.

Call Levi now to understand this exciting opportunity further...

INSPECTION BY APPOINTMENT ONLY

CT / Vol 6203/ Fol 723
Year built / 2018
Council / City Of Salisbury
Title / Community
Admin & Sinking Fund / $890.28 p.q
Council Rates / $1,254.05 p.a
ESL / $105.00 p.a
Water & Sewage / $165.55 p.q

RLA 62639

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Property History for 6/1 Coventry St, Mawson Lakes, SA 5095

A timeline of how this property has performed in the market
Last Sold
$440,000
23 Dec 2024
  • 23 Dec 2024
    Sold for $440,000
  • 01 Nov 2024
    Listed for Sale $425,000 - $450,000. Under Contract!
  • 01 Mar 2019
    Sold for $287,000

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About Mawson Lakes 5095

The size of Mawson Lakes is approximately 6.3 square kilometres. It has 47 parks covering nearly 33.1% of total area. The population of Mawson Lakes in 2011 was 10,871 people. By 2016 the population was 13,273 showing a population growth of 22.1% in the area during that time. The predominant age group in Mawson Lakes is 20-29 years. Households in Mawson Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mawson Lakes work in a professional occupation. In 2011, 63.4% of the homes in Mawson Lakes were owner-occupied compared with 56.5% in 2016.

Mawson Lakes has 6,590 properties. Over the last 5 years, Houses in Mawson Lakes have seen a 74.68% increase in median value, while Units have seen a 97.73% increase. As at 30 November 2024:

  • The median value for Houses in Mawson Lakes is $863,734 while the median value for Units is $547,989.
  • Houses have a median rent of $600 while Units have a median rent of $520.
There are currently 27 properties listed for sale, and 20 properties listed for rent in Mawson lakes on OnTheHouse. According to CoreLogic's data, 358 properties were sold in the past 12 months in Mawson lakes.

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