1 Melia CloseMount Sheridan QLD 4868
Property Details for 1 Melia Cl, Mount Sheridan
1 Melia Cl, Mount Sheridan is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1999. The property has a land size of 769m2 and floor size of 169m2. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 3 bedroom House sold in Mount Sheridan in the last 12 months.
Last Listing description (April 2025)
INVESTORS: 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 and adjustments, all of which are designed for stress free investing. Ideal for investors located anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option. At lease end the home is repainted at DHA's expense before being handed back for you to move in, rent out privately or sell. You can also choose to discuss DHA's requirements for the home on a longer term basis with the potential for a new lease. You're also free to sell to another investor at any time during the lease.
With Cairns experiencing some of the highest rental yields in the country, vacancy rates continuing to come down and property experts reporting that Cairns is still producing good capital growth, now is the time to lock down your investment.
Leased until OCTOBER 2026 and currently returning GROSS $750p/w rent. The home is located on a 769sqm block in a quiet Close in the ever popular Forest Gardens, Mount Sheridan.
LEASE DETAILS :
* Lease edition : 6
* Lease start date : 06/10/2017
* Lease end date : 05/10/2026
CURRENT GROSS RENT for 2025 : $750pw and adjusted each 1st January according to an independent professional valuation.
PROPERTY FEATURES:
* Lowset clay brick home
* 3 Large Bedrooms plus bedroom sized office
* Master Bedroom with Ensuite, Walk in robe
* Air-conditioned & ceiling fans throughout
* Large lounge / dining room & separate family room
* Double lock up remote garage with internal entry
* Security Screens
* Family sized Outdoor undercover entertaining area
* Pebblecrete swimming pool
* Not flood affected
* 741sqm sqm block
* Built 1998
* Council Rates: Approx $1,649.86 Paid Half yearly
BUILDING INSPECTION HAS BEEN COMPLETED AND IS AVAILABLE UPON REQUEST
DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews at the end of each year
* Some maintenance 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 Mark English or Madeleine Lepper at Garry Walker Real Estate. 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.
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.
Property History for 1 Melia Cl, Mount Sheridan, QLD 4868
- 13 Mar 2025Sold for $612,000
- 04 Mar 2025Listed for Sale Offers over $599,000
- 12 Nov 1998Sold for $261,500
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About Mount Sheridan 4868
The size of Mount Sheridan is approximately 6.1 square kilometres. It has 22 parks covering nearly 19.0% of total area. The population of Mount Sheridan in 2016 was 8271 people. By 2021 the population was 8678 showing a population growth of 4.9% in the area during that time. The predominant age group in Mount Sheridan is 40-49 years. Households in Mount Sheridan are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mount Sheridan work in a professional occupation.In 2021, 71.50% of the homes in Mount Sheridan were owner-occupied compared with 68.30% in 2016.
Mount Sheridan has 3,685 properties. Over the last 5 years, Houses in Mount Sheridan have seen a 85.54% increase in median value, while Units have seen a 121.76% increase. As at 30 November 2025:
- The median value for Houses in Mount Sheridan is $730,778 while the median value for Units is $527,279.
- Houses have a median rent of $648 while Units have a median rent of $295.
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