Invest In Now, Live In Later
This large five bedroom, ensuite, split-level, DHA investment property will be highly attractive to astute investors who recognise how good an approx. 4.1% gross yield is – coming from a guaranteed rental return, whether the home is tenanted or not.
If you are not ready to move yet, but looking to the future, this could be the home for you. With the DHA lease coming to an end in June 2023, with only the plus or minus 12 month Right to Vary option left, the home could become a private residence again at any time after 20 June 2022, through to 20 June 2024 – the Right to Vary being entirely at DHA’s discretion to use, or not.
In an elevated location, close to Tuggeranong Hill nature reserve and with an outlook towards the Brindabellas, this could be the ideal shorter-term investment, securing your future family home, with the guaranteed rental return offsetting mortgage payments.
The residence offers two separate living areas and a double garage, set on a generously sized 733m² (approx.) block. Situated in a peaceful cul-de-sac, the home ‘s three levels allows for a natural separation of living area and bedrooms. The entrance level accommodation includes a spacious master bedroom suite with walk-in wardrobe and ensuite, tucked quietly away from the noisier family living areas. An adjacent study could be used as a bedroom or guest accommodation and would be perfect for a home office/business with the office door opening directly to the entranceway and front door – keeping the family and work areas separate.
The formal living areas are on the next level with the dining area opening to the lounge room that overlooks the rear entertainment patio. Cleverly designed, the third level of the home is where the family accommodation has been placed. The meals and family areas are overlooked by the kitchen with a gas cook top, electric oven, built-in pantry and double sink in the island bench. The home cook can keep an eye on the family’s activities while preparing a meal on the island bench with the paved patio just outside. Cook the barbecue outside, prepare the salads inside, put the two together and enjoy inside or outside. The main bathroom, with separate toilet, is close to the bedrooms and the laundry, with external access, is also on this level.
The house has undergone various updates throughout, and is well maintained and presented, with ducted gas heating and evaporative cooling, plenty of storage options a double garage with internal access and auto-opening door and a secure back yard.
Conveniently close to Charles Conder and Saint Clare of Assisi Primary Schools, Lanyon High School, Condor Community Wetlands, playgrounds, and Lanyon Marketplace, with easy access to main transport routes. An excellent investment opportunity with guaranteed rent to set and forget for now, your family home secured for the future. This really is a ‘safe as houses’ opportunity.
-Large 5 bedroom, ensuite, double garage residence
-Elevated in peaceful cul-de-sac, close to nature reserve
-Split level with 3 living areas
-Master bedroom suite
-Master with ensuite and walk-in wardrobe
-5th bedroom/study/home office
-Internal access from double garage
-Open plan formal living and dining areas
-Family, meals & kitchen areas
-Opening to paved patio and back yard
-Kitchen with island bench, double sink
-Gas cook top, wall oven
-Built-in pantry, heaps of storage
-Bedrooms 2,3,4 segregated from living areas
-Bathroom conveniently close to bedrooms
-Bathroom with separate shower and bath and large vanity
-Separate toilet & Laundry with external access
-Ducted gas heating
-Ducted evaporative cooling
-Garage with auto-opening door. workshop space
-Neat secure back yard & perimeter garden
-Close to Lanyon Market place
-Primary and high schools nearby
-Easy access to main transport routes
Land Value: $378,000 (2021)
Rates: $2,737 (approx.)
Land Tax: $3,830 (approx.)
Gross rent: $750 per week
Lease start date: 20/06/2008
Lease end date: 19/06/2023
Right to Vary: 1 X Up to 12 months reduction or extension
DHA Management Fee: 16.5% inc. GST
Note: Lease option and Right to Vary are at DHA discretion only
All amounts, values and measurements are approx. and not to be relied upon. Buyers to make their own enquiries.
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 read about the benefits of investing in Defence Housing Australia property