OFF MARKET

4 Stuart Place
Sale VIC 3850

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 166m2
Land area: 761m2
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Property Details for 4 Stuart Pl, Sale

4 Stuart Pl, Sale is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 2009. The property has a land size of 761m2 and floor size of 166m2. While the property is not currently for sale or for rent, it was last sold in February 2021.

Building Type
House
Year Built
2009
Floor Size
166m2
Land Size
761m2
Local Government
Wellington
Lot/Plan
26/PS605270

Last Listing description (March 2021)

If you are searching for a no fuss investment, this property located in a quiet street in regaional Sale will suit perfectly. There is a secure DHA (Defence Housing Australia) lease in place with your rent guaranteed until the end of the lease in April 2023 with a 3 year option which could take it through until 2026!

Currently renting at $380pw and assessed by independent valuers every year.
Perfect for investors looking for good long term growth and the security of guaranteed rent from a long term DHA (Defence Housing Australia) lease. Sale is located 220km South East of Melbourne, in Victoria's Gippsland region, and supports a capacity of approximately 700 RAAF personnel. The base plays a major role in training the next generation of Air Force personnel & with the Governments recent $400M upgrade the base is set to become the home of Defence Force aviation training for decades to come.

PROPERTY FEATURES:
* Modern lowset brick home
* 3 Bedroom inc Main with Ensuite, WIR.
* 2 Separate living areas inc Family/Rumpus and Living/Dining
* DLUG
* Outdoor entertaining area
* Generous 761sqm block

LEASE DETAILS :
* Lease edition: Edition 6B
* Lease start date: 21/02/2011
* Lease end date: 20/02/2023
* Lease option: 1 x up to 36 months
* Right to vary: 1 x up to 12 months Reduction and 1 x up to 12 months Extension
* Current Gross rent for 2021 $380pw and reviewed annually each December.

DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most maintenance paid for by DHA
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* Zero re-letting fees

These are just some of the benefits of the DHA lease attached to this property. Enjoy all the benefits of rental guarantee and a no fuss investment property; let DHA do all the hard work for you.

* Investing with DHA - This property is for sale on behalf of a DHA Lessor and has a DHA Lease Agreement in place. Visit dha.gov.au to learn about the benefits of investing in a DHA property. If you would like to arrange an inspection please contact Sharon Richter of Hudson Property Agents - the Defence Properties specialists.

* 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.

Property History for 4 Stuart Pl, Sale, VIC 3850

A timeline of how this property has performed in the market
Last Sold
$395,000
19 Feb 2021
  • 19 Feb 2021
    Sold for $395,000
  • 18 Jul 2019
    Listed for Sale $395,000
  • 16 Dec 2010
    Sold for $360,000
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About Sale 3850

The size of Sale is approximately 46 square kilometres. It has 35 parks covering nearly 2.8% of total area. The population of Sale in 2011 was 13,185 people. By 2016 the population was 13,673 showing a population growth of 3.7% in the area during that time. The predominant age group in Sale is 0-9 years. Households in Sale are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Sale work in a professional occupation. In 2011, 64.9% of the homes in Sale were owner-occupied compared with 63.9% in 2016.

Sale has 8,760 properties. Over the last 5 years, Houses in Sale have seen a 47.96% increase in median value, while Units have seen a 56.68% increase. As at 31 October 2024:

  • The median value for Houses in Sale is $470,209 while the median value for Units is $326,571.
  • Houses have a median rent of $470 while Units have a median rent of $363.
There are currently 152 properties listed for sale, and 41 properties listed for rent in Sale on OnTheHouse. According to CoreLogic's data, 316 properties were sold in the past 12 months in Sale.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.