59 Norfolk CircuitRedlynch QLD 4870
Property Details for 59 Norfolk Cct, Redlynch
59 Norfolk Cct, Redlynch is a 2 bedroom, 5 bathroom House with 2 parking spaces and was built in 2007. The property has a land size of 650m2 and floor size of 182m2. While the property is not currently for sale or for rent, it was last sold in September 2019.
Last Listing description (October 2019)
Excellent NETT RETURN OF 4.57 %. Rock Solid Defence Housing Lease until 15 October 2021 + 3 yr option. RARE 5 BEDROOM FAMILY HOME
Weekly Gross Rent - $ 520 or NETT $ 22,655.88 per annum.
What a great investment in this popular neighbourhood. Serious seller slashed price to offer a Nett return of 4.57 % - way better than the banks these days. Redlynch is a top class location for long term investment, conveniently located with several top choice schools, Redlynch Central Shopping Centre and Sporting Facilities and the popular family friendly Red Beret Hotel all nearby. Defence Housing Australia (DHA) has a guaranteed lease in place until 15th October 2021 so you can relax knowing everything is taken care of professionally until the end of your lease. This spacious 5 bedroom family home is located in a quiet street just a short stroll to the large local park or the shops, has mountain views from the back yard and is in a very popular family neighbourhood.
Lease edition: Edition 5B Lease start date:16/10/2009
Lease end date: 15/10/2021
PLUS OPTION -
Option available 1 x fixed 36 months
Right to Vary 1 x up to 12 months Reduction or Extension
Weekly Gross Rent - $520 or NETT ANNUAL RENT = $ 22,655.88 CLEAR AFTER D.H.A. MANAGEMENT FEES AND GST.
DHA Lease Edition 5B . The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement). A copy of lease outlining DHA obligations can be provided for your review. Investing with DHA This property is for sale on behalf of a DHA lessor and has a DHA lease in place. Visit dha.gov.au to learn about the benefits of investing in DHA property. In accordance with DHA regulations we advise that this property will be available for private inspection only and to prequalified buyers only. Photos are supplied under agreement by DHA and are for illustration purposes only.
Guaranteed rent is paid 52 weeks a year. Rent is paid a month in advance
Rent is reviewed in December every year by a registered valuer.
DHA Property Care maintenance package included
For an independent review of the Cairns market potential please click on this link for a recent report. https://m.yourinvestmentpropertymag.com.au/property-tips/cairns-a-golden-market-245392.aspx
Property History for 59 Norfolk Cct, Redlynch, QLD 4870
- 11 Sep 2019Sold for $485,000
- 06 Oct 2017Listed for Sale $ 495,000 - Top investment returns of 4.57% Nett
- 04 Aug 2009Sold for $455,000
Recent sales nearby
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0About Redlynch 4870
The size of Redlynch is approximately 25.4 square kilometres. It has 23 parks covering nearly 3.6% of total area. The population of Redlynch in 2016 was 9728 people. By 2021 the population was 10571 showing a population growth of 8.7% in the area during that time. The predominant age group in Redlynch is 10-19 years. Households in Redlynch are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Redlynch work in a professional occupation.In 2021, 76.60% of the homes in Redlynch were owner-occupied compared with 71.60% in 2016.
Redlynch has 4,330 properties. Over the last 5 years, Houses in Redlynch have seen a 71.96% increase in median value, while Units have seen a 116.37% increase. As at 31 March 2026:
- The median value for Houses in Redlynch is $924,641 while the median value for Units is $537,940.
- Houses have a median rent of $770 while Units have a median rent of $540.
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