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Sold for $420,000 (Feb 04, 2022)



Add this outstanding investment home to your investment portfolio!

Set among other quality homes in the Modern and rapidly expanding Stockland North Shore Development, this quality investment property is located right in the heart of Townsville’s growth corridor. This fantastic development is home to an ever expanding selection of shopping centres, dining and fast food options, schools and other entertainment options such as the Aquatic Centre and incredibly close to the stunning Bushland Beach and a quick drive to the CBD and Strand. Don’t forget, a great location helps to maximise returns, and security for future capital growth!

This spacious home features a huge list of benefits, perfect for families such as:

• 4 very generous bedrooms (Smallest is 3 × 3 metres), each with wardrobes and air conditioning

• Spacious ensuite bathroom to the main bedroom

• Roomy Study Nook adjacent to the living areas

• Large main bathroom with Separate Shower and Bath tub

• Functional kitchen with plenty of bench space and views to the outdoor areas

• Spacious Open Pan living areas finished in ceramic tiles

• Large patio for entertaining

• 512 square metre fenced block

The Important information:

The current lease will expire on 18/08/2025, with a further option of 1 x up to 36 months. There is also a Right to vary of 1 x up to 12 months Reduction and 1 x up to 12 months Extension. Please note the option and right to vary is at DHA’s discretion.

This outstanding investment opportunity is currently returning a fantastic $440 per week with a Rental Floor at that figure!! This means that the rental amount can never drop below this rate! How’s that for secure returns!

The lessor may also be entitled to lease-end make-good works, which would mean that should you keep the property till the end of the lease, it will be handed back looking great, and beautifully presented, ready for renting again, or sale, whatever you prefer. It’s a Win/Win situation!!

Investing with DHA – 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 In accordance with DHA regulations we advise that this property will be available for private inspection only and to prequalified buyers only. Photos are supplied under agreement by DHA and are for illustration purposes only.

All parties should make and rely upon their own enquiries in order to determine the accuracy of the information supplied. File photographs in use and may have been taken some time ago. Please rely on your own inspection and investigations as the property may have changed since the photographs were taken. Raine & Horne Townsville (S&S Properties PTY LTD) bears no liability for any loss sustained due to inaccuracy or omission.

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Property Info:
  • Property ID: L16025914
  • Property Type: House
  • Garages: 2
  • Land Area: 512.0 sqm
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R&H Suburb Profile: Burdell

R&H Suburb Summary Houses
Number of sales 300
Average Price $449,793
Median Price $430,500
Median Rental Price $490 p.w.
Change in Rental Rate (5yr) 40 %
R&H Suburb Summary Units
Number of sales 2
Average Price $620,000
Median Rental Price $355 p.w.
Change in Rental Rate (5yr) 27 %
Burdell, QLD - Median Trend