Medowie NSW

• HOUSE
• 4 bedrooms
• 2 bathrooms
• 2 car spaces
• Approx 769 Square metres

DHA INVESMENT IN POPULAR MEDOWIE, RENTAL INCOME GUARANTEED UNTIL 2026, $620 PER WEEK

Set on an 769sqm block, this DHA investment property is located in a peaceful part of Medowie. Featuring 4-bedrooms and 2-bathrooms, formal and casual living/dining/family areas and a versatile kitchen as its functioning heart.

The master bedroom, located at the front of the home, includes an en-suite and WIR, all other bedrooms come with built-in-robes and are zoned together in close proximity to the large family bathroom, which includes a separate shower/bath and toilet. With multiple living zones, this property includes a large tiled family room at the rear of the home with access to the outdoor patio, carpeted and tiled living and dining areas provide a more formal living space.

The double garage provides access to the backyard via a roll-a-door directly from the garage. Other features include double side access to the fully fenced backyard making it easy to store away caravans, boats, trailers, etc., covered outdoor entertainment area and security screens to window and doors. The back yard also includes a large garden shed.

This property offers the astute buyer a no-fuss, stress-free investment with rental income guaranteed every week by Defence Housing Australia (DHA). Conveniently located close to the Medowie shopping complex, Medowie Christian and Medowie Primary School, and a short 15-20km drive to some of the most amazing beaches in the Newcastle/Port Stephens area.

Built approximately 2003 and currently rented at $620pw, assessed annually with rental income guaranteed (until the end of the lease), zero re-letting fees, repairs and maintenance included, astute investors will reap the benefits a secure DHA lease has to offer.

PROPERTY FEATURES:
* Low set and low maintenance brick home
* 4 large bedrooms incl. main with ensuite and WIR
* Air conditioning and ceiling fans throughout
* 2 separate living areas incl. family and separate living/dining area
* Tiled family area and carpeted bedrooms
* Safety screens throughout
* Outdoor covered pergola area perfect for entertaining
* Double lock-up garage with backyard access
* Double side access to backyard
* Built approx. 2003

CURRENT LEASE FEATURES :
* DHA Lease edition: Edition 6
* Lease start date: 25/5/2017
* Lease end date: 24/5/2026
* Lease option: Used
* Right to vary: 1 x up to 12 months Reduction and 1 x up to 12 months extension
* Note: The option and right to vary is at DHA’s discretion.

CURRENT RENT : $620pw and assessed annually.
RATES: Council Rates approx. $1,700 per annum and Water Rates approx. $730 per annum (water usage reimbursed back to the owner by DHA)

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 2023 as per 2022 rental assessment completed in December

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