Medowie NSW

• HOUSE
• 4 bedrooms
• 2 bathrooms
• 2 car spaces
• Approx 714 Square metres

DHA INVESMENT, RENTAL INCOME GUARANTEED UNTIL 2027 + 3 YEAR OPTION TO EXTEND

Set on an 714sqm block, this DHA investment property features 4-bedrooms and 2-bathrooms, formal and casual living/dining/family areas and a versatile kitchen as its functioning heart.

The master bedroom 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. Including multiple living zones, a tiled open plan family room at the rear of the home provides access to the outdoor patio, carpeted living and dining areas provide a more formal living space. The kitchen forms part of the family room and includes electric cooktop/oven with the addition of a breakfast bar for casual dining.

The double garage provides internal access. 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 2002 and currently rented at $550pw, 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. open plan family/kitchen 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 internal access
* Double side access to backyard
* Built approx. 2002

CURRENT LEASE FEATURES :
* Lease start date: 3/7/2021
* Lease end date: 2/7/2027
* Lease option: 1 x up to 36 months
* 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 : $550pw and assessed annually.
RATES: Council Rates approx. $1,515 per annum and Water Rates approx. $730 per annum (water usage is 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 2022 as per 2021 rental assessment completed in December

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