3 Prestwick PlaceWest Wodonga VIC 3690
Property Details for 3 Prestwick Pl, West Wodonga
3 Prestwick Pl, West Wodonga is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2003. The property has a land size of 712m2 and floor size of 166m2. While the property is not currently for sale or for rent, it was last sold in February 2021.
Last Listing description (March 2021)
This beautiful four-bedroom home is a blue-chip investment. Currently under lease to DHA (Defence Housing Australia) with guaranteed rent. Located in West Wodonga & surrounded by modern built prestigious properties. Situated close to everything you could need including schools, shops, and public transport. Featuring a modern layout with tiled living area and carpeted bedrooms.
You will receive guaranteed rent from the perfect tenant (DHA), that will provide an ongoing income stream. Strong cash flow is a key ingredient to making a sound investment such as this. While independent residentially leased properties are vulnerable to fluctuating demand and potentially unstable flow of rent, there is no risk of vacancy costs with your DHA property. Even if the property is without a tenant for some time, DHA will still pay the rent while it's vacant. At the end of the lease in January 2022 , you can make the choice to sell, rent out or live in yourself after DHA conduct their end of lease 'make good'.
PROPERTY FEATURES:
* 4 Bedroom inc Main with Ensuite, WIR
* 3 Separate living areas inc Family/Rumpus, Living and Dining
* Ducted heating and cooling throughout
* Outdoor Alfresco entertaining area
* 712 sqm block
* Built approx 2003
LEASE DETAILS :
* Lease edition 5B
* Lease start date 19/01/2007
* Lease end date 18/01/2022
* Lease option Used
* Right to vary 1 x up to 12 months Reduction
CURRENT GROSS RENT for 2021 : $425pw and reviewed annually.
COUNCIL RATES : Approx $2650 pa
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most non structural 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.
**In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
Property History for 3 Prestwick Pl, West Wodonga, VIC 3690
- 04 Feb 2021Sold for $395,000
- 27 Nov 2020Listed for Sale Not Disclosed
- 20 Oct 2013Sold for $375,000
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About West Wodonga 3690
The size of West Wodonga is approximately 44.1 square kilometres. It has 39 parks covering nearly 3.6% of total area. The population of West Wodonga in 2011 was 14,057 people. By 2016 the population was 14,570 showing a population growth of 3.6% in the area during that time. The predominant age group in West Wodonga is 0-9 years. Households in West Wodonga are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in West Wodonga work in a professional occupation. In 2011, 59.8% of the homes in West Wodonga were owner-occupied compared with 60.7% in 2016.
West Wodonga has 7,375 properties. Over the last 5 years, Houses in West Wodonga have seen a 64.20% increase in median value, while Units have seen a 61.67% increase. As at 31 October 2024:
- The median value for Houses in West Wodonga is $582,707 while the median value for Units is $352,445.
- Houses have a median rent of $495 while Units have a median rent of $350.
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