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Back 229 Freshwater Drive
Off Market

229 Freshwater Drive

Douglas QLD 4814

4
2
2
270 m²
762 m²
House
Last sold for $515,000
Santo SpinellaSanto Spinella, last sold this property on 17 October 2023 after 28 days on market.

Overview

Potential Guaranteed Tenant until 2033!!

SOLD By Santo Spinella & Phill Charlwood Calling all investors, if you are looking for a long term investment that is very hands off, then look no further. This family home located in Douglas is currently leased to DHA (Defence Housing Australia) with potential further options to extend this until 2033!! Douglas is one of Townsville's most sought after locations, being positioned at the foot of Mount Stewart and within arms length of Townsville University Hospital (the largest hospital in QLD outside South East Queensland), Townsville's James Cook University, and of course one of Australia's largest Army Barracks. Townsville is proudly a supporter of the large local military population and this is why Defence Housing Australia has many great assets in the region. The property features four bedrooms, all fitted with air conditioning and ceiling fans. Multiple living spaces offer so much space for the family to branch out and find a quiet corner. Low maintenance block and a solid brick and tile construction ensures the home will stand the test of time. Great opportunities like this will not last long, so enquire today!! Lease details: Current weekly rent: $530 per week (Reviewed Annually) Lease end date: 14/04/2024 Option Available: Current options are exhausted, but DHA has extended an Offer to extend Lease to 2033 (subject to final approval) Right to Vary Available: N/A (All Options/Variations are exercised at DHA's discretion) DHA lease benefits: • DHA guarantee to pay the rent even if the property is vacant. • DHA Property Care, an all-inclusive service fee, covers a range of property related services. • The property is cleaned at the end of each tenancy period. • The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement) • A rental floor may apply to the DHA Lease Agreement (applicable to specific lease editions and applies to commencement rent). This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place. Visit dha.gov.au to learn the benefits of investing in Defence Housing Australia property. 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.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
270 m² floor area
762 m² lot size
House

Estimated Value

Based on this property and similar 4 bedroom houses sold in Douglas over the last 12 months, the estimated median property value of 229 Freshwater Drive is $782k.

Median value
$782k
Estimated value range
$504k - $1.18m
Median days on market
28
Estimated value trend
18%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Douglas. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 229 Freshwater Drive

2023
Sold
$515,000
17 Oct 2023 by Santo Spinella, of Ray White Townsville

Happy sellers in Douglas

95%
95% of sellers in Douglas reported that their sale price either exceeded or met their price expectations.

Douglas stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 32 reviews in Douglas over the last 12 months.

Local market activity for 4 bedroom houses in Douglas

In the last 12 months, 57 four-bedroom houses similar to 229 Freshwater Drive, have been sold.

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Nick Oats

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