76 Satriani Crescent, Condon, QLD 4815 sold on 22 May 2025 | OnTheHouse
 
SOLD
Sold on 22 May 2025 for $600,500

76 Satriani Crescent
Condon QLD 4815

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 702m2
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Property Details for 76 Satriani Cres, Condon

76 Satriani Cres, Condon is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 702m2. While the property is not currently for sale or for rent, it was last sold in May 2025. There are other 4 bedroom House sold in Condon in the last 12 months.

Building Type
House
Land Size
702m2

Last Listing description (May 2025)

INVESTORS: If you're looking for a safe and secure property in a market that continues to defy the odds, then you can't go wrong with this home which is currently tenanted on a long term lease to Defence Housing Australia (DHA) until April 2027.

A DHA (Defence Housing Australia) lease offers the new owners amazing inclusions such as guaranteed rental income, a comprehensive property care/maintenance package & annual, independent professional rental valuations, all of which are designed to offer buyers a stress free experience. Ideal for those investors located anywhere in the country, purchasing as an individual or through self managed super funds, and perfect for those starting their property portfolio and looking for a safe and secure option.

At lease end the home is repainted inside and out as part of the lease end 'make good' and at DHA's expense before being handed back for you to move in, rent out privately or sell OR you can also choose to discuss DHA's requirements for the home on a longer term basis with the potential to lock in a new lease. You're also free to onsell to another investor at any time during the lease.

CURRENT GROSS RENT for 2025: $520 pw and adjusted annually based on the assessment from independent professional valuer.

LEASE DETAILS :
* Lease Dates - 13/04/2012 to 12/04/2027
* Lease option USED
* Right to vary 1 x up to 12 months Reduction and 1 x up to 12 months Extension
* All options/extensions are in DHA's FAVOUR.

PROPERTY FEATURES:
* Modern lowset brick home
* 4 Bedrooms inc Master Bedroom inc with Ensuite, Walk in Robe and Air Conditioning
* 2 Separate living areas
* Ceiling fans throughout
* Easy care tiles throughout
* Double lock up garage with internal entry
* Security Screens
* Side access for vehicles
* Outdoor undercover patio/entertaining area
* 702sqm block
* Built approx 2011

* Council & Water Rates - TBC

DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most maintenance is 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

** A note for Owner Occupiers -This property is sold with a DHA (Defence Housing Australia) lease in place which offers significant benefits to the investor however can’t be occupied by the owner/s until the lease ends **

***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 must be coordinated by the agent with the tenants.
Information provided above has been obtained from various sources which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a floorplan, lease dates, build date, land size, floor plans and size, and property condition. Interested parties should make their own enquiries and conduct their own due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.

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Property History for 76 Satriani Cres, Condon, QLD 4815

A timeline of how this property has performed in the market
Last Sold
$600,500
22 May 2025
  • 12 Jun 2025
    Sold for $600,500
  • 11 Mar 2025
    Listed for Sale $599,000 plus
  • 16 Aug 2022
    Sold for $425,000
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About Condon 4815

The size of Condon is approximately 5.4 square kilometres. It has 8 parks covering nearly 2.6% of total area. The population of Condon in 2016 was 5779 people. By 2021 the population was 5894 showing a population growth of 2.0% in the area during that time. The predominant age group in Condon is 10-19 years. Households in Condon are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Condon work in a community and personal service occupation.In 2021, 54.90% of the homes in Condon were owner-occupied compared with 55.80% in 2016.

Condon has 2,602 properties. Over the last 5 years, Houses in Condon have seen a 127.04% increase in median value, while Units have seen a 60.84% increase. As at 31 January 2026:

  • The median value for Houses in Condon is $576,159 while the median value for Units is $470,575.
  • Houses have a median rent of $510 while Units have a median rent of $425.
There are currently 2 properties listed for sale, and 6 properties listed for rent in Condon on OnTheHouse. According to Cotality's data, 131 properties were sold in the past 12 months in Condon.

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Sage Merlin
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Sharon Richter
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