Range $940,000 to $980,000
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(no street name provided), Medowie NSW 2318

House423
Block size: 972 m² approx.
Can I afford this property?

INVESTMENT PROPERTY ON 972SQM BLOCK, HIGHLY SOUGHT AFTER ESTATE, GURANTEED RENT FROM DHA UNTIL NOV 2024.

INVESTORS take note, this DHA (Defence Housing Australia) investment property is set on a massive 937sqm block and situated in high demand Pacific Dunes Estate in Medowie.

Medowie is only a 30-minute drive to Newcastle CBD whilst also being in close proximity to Newcastle Airport and some of the most amazing beaches Port Stephens, and its surrounds, has to offer. Pacific Dunes Estate is built around an 18-hole championship golf course where residents enjoy exclusive access to an on-site pool, tennis courts, parks and BBQ area, It's a short stroll to the Pacific Dunes Green House Eatery plus the brand new Catherine McAuley Catholic college is only a short distance away.

Offering 4 bedrooms and two bathrooms, the large master bedroom is conveniently positioned at the front of the property and has a walk-in robe and private ensuite. The remaining 3 bedrooms include built-in-robes and are zoned in close proximity to the family bathroom, which includes a separate shower, bath and toilet.

The kitchen is at the heart of the home and overlooks a spacious tiled meals/family area. A separate carpeted living and formal dining area are located at the front of the property. Glass sliding doors from the family room provide access to the outdoor alfresco area and large landscaped, fully fenced, backyard. The property also includes double auto garage with internal access.

Built approximately 2010 and currently rented at $610pw, this DHA investment property offers the astute investor a no-fuss, stress-free investment with guaranteed rental income paid monthly in advance by Defence Housing Australia (DHA), plus it will benefit from DHA restoration work at the end of the lease (6/11/2024), including new carpets and paint.

PROPERTY FEATURES:
* 4 bedrooms / 2 bathrooms
* Master bedroom, air conditioned, WIR and en-suite
* Open plan tiled family/meals, kitchen and air-conditioned
* Separate carpeted lounge and formal dining area
* Versatile kitchen with stainless steel appliances
* Double auto garage with internal access
* Established gardens
* Undercover outdoor entertaining area perfect for alfresco living and dining
* Safety screens throughout
* Access to Pacific Dunes amenities including swimming pool, tennis courts and family BBQ area

This investment equals "peace of mind" from a long lease, guaranteed rental income paid monthly in advance and other extensive benefits of the DHA Property Care Services.

LEASE DETAILS :
* Lease start date: 7/11/2012
* Lease end date: 6/11/2024
* Lease option: Used
* Right to vary: 1 x up to 12 month reduction and 1 x up to 12 month extension
* All options/extensions are in DHA's favour.
* Current Gross rent $610pw and reviewed annually each December.
* Built approx. 2010
* Council and Water Rates approx. $2,552 per annum (water usage reimbursed back to owner by DHA)
* Community Strata Fees - $172.00 per qtr.

DHA LEASE BENEFITS:
* Guaranteed rent paid in advance, even when the property is vacant
* Annual market rent review service (conducted by an independent licensed valuer)
* Online services portal to view and manage your property
* The lessor will be entitled to a lease-end make-good which includes new paint and carpets (refer to the DHA Lease Agreement)
* Property Care program - DHA are responsible for organising and covering the cost of most non-structural repair and maintenance works, including the replacement of fixed appliances as needed
* Tenancy management - DHA take the pressure off managing the tenants, you do not have to inspect the property (however, this can be arranged on request)
* Emergency repair - in the event of emergency DHA will act quickly on your behalf
* Zero re-letting fees

These are just some of the benefits of the DHA lease attached to this property. Enjoy all the benefits of rental guarantee and a no fuss investment property; let DHA do all the hard work for you.

* 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 Jenny Andrew of Hudson Property Agents on 0414 207 279.
**In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
*** Photos supplied by DHA for the purposes of marketing the property
**** Weekly rent quoted is for 2022 as per 2021 rental assessment completed in December

Features include: Fully Fenced,Outdoor Entertainment Area,Remote Garage,Secure Parking,Built-in Wardrobes,Air Conditioning,Split-System Air Conditioning,Split-System Heating

Inspections

No open inspections scheduled.

Send an enquiry

Contact Jenny Andrew to learn more about this property, request an inspection or take an online tour.

Key details

Property Type:House
Block Size:972 *
*These are approximate values based on available information.
Hudson Property Agents

Home Loans

RepaymentsStamp duty & upfront costs

Property history

Suburb and property insights

Median sales
Median Sale Price For Medowie
$720,000
Average Age
38 years
Population
9,563
Medowie's Property Profile
Medowie's Occupancy

Contact agents

Hudson Property Agents

Hudson Property Agents

View agency details
Jenny AndrewHudson Property Agents
Please send me information on (no street name provided), Medowie NSW 2318
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Listing ID: 180575609. This listing has been viewed 25 times. It was first displayed on 27/04/2022 and last updated on 27/06/2022.