359 Illawarra Rd

Off Market

359 Illawarra Rd

Marrickville NSW 2204

0 m²

Unit

Theesan Pather, last sold this property on 21 January 2020 after 83 days on market.

Overview

Instant return above market rent via long term leaseback to Defence Housing Australia

Urban Land Housing is proud to present an opportunity to secure a great high return investment in the heart of Marrickville. The property provides distinct value to investors due to its current enrolment in the Defence Housing Australia investment management scheme. What this means is the property is on a long lease until 2022 while it houses defence personnel, DHA the body who manage the property for you guarantee all rent and payments will be made without any delay & can also confirm 100% occupation until 2022. The benefits of DHA investing don’t stop there – You will also enjoy above-market rent return based on the suburb medians which can only go up but not go down PLUS you get the added benefit of DHA standard maintenance, on the termination of the DHA lease period the lessor may also be entitled to a lease-end make-good. In the heart of Marrickville you will enjoy easy tenancy should you invest, or brilliant convenience when you move in and make it your home. There is transport & retail infrastructure nearby assuring everything you need is within convenient proximity & ensuring great capital growth into the future. • Weekly rental amount of $575 per week • Lease expiry- 31/07/2022 • Option available- 1 x up to 36 months • RTV - 1 x up to 12 months reduction and 1 x up to 12 months extension 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. If you would like the opportunity to learn more about the myriad of benefits associated with DHA investing don’t hesitate to call 0422 580 577.

Features

1 bedroom

1 bathroom

1 carspace

1 garage space

0 m² floor area

Unit

Estimated Value

Based on this property and similar 1 bedroom units sold in Marrickville over the last 12 months, the estimated median property value of 359 Illawarra Rd is $606k.

Median value

$606k

Estimated value range

$517.5k - $930k

Median days on market

Estimated value trend

11%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Marrickville. 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 359 Illawarra Rd

2020

Sold

Undisclosed

Private Sale/Treaty on 21 Jan 2020 by Theesan Pather, of Urban Land Housing

2018

Rented

Undisclosed

Leased on 08 Jul 2018 by LJ Hooker Chinatown

2018

Rented

Undisclosed

Leased on 02 Mar 2018 by The Agency Inner West

Happy sellers in Marrickville

87%

87% of sellers in Marrickville reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 158 reviews in Marrickville over the last 12 months.

Local market activity for 1 bedroom units in Marrickville

In the last 12 months, 7 one-bedroom units similar to 359 Illawarra Rd, have been sold.

This represents a 600% decrease in one-bedroom units sales when compared to the previous 12 months.

Sold

For Sale

For Rent

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