Medowie NSW

Medowie NSW Lease 2024 + 3 years

  • HOUSE
  • 4 bedrooms
  • 2 bathrooms
  • 2 car spaces
  • Approx 600 Square metres

INVEST IN DEFENCE HOUSING. LARGE 4 BR HOME, EXCELLENT LOCATION. INCOME GUARANTEED UNTIL 31 AUG 2024 WITH 3-YEAR OPTION TO EXTEND.

This DHA investment property is situated in popular Medowie and offers plenty of space both inside and out. With 4 spacious bedrooms and 2 bathrooms, this home includes a versatile kitchen which overlooks a large open plan family space with extended access to a games room. Also included is a dining/living space located at the front of the property, which is ideal as a parents retreat. A large, fully fenced, backyard provides plenty of space for the kids to play and a large lock up shed offers additional storage space.

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 $460pw, assessed annually with rental income guaranteed (until the end of the lease), zero re-letting fees, insurances, repairs and maintenance included, astute investors will reap the benefits a secure DHA lease has to offer.

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

CURRENT LEASE FEATURES :
* DHA Lease edition: Edition 6
* Lease start date: 01/09/2018
* Lease end date: 31/08/2024
* 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 : $460pw and assessed annually.

DHA LEASE BENEFITS:
* DHA guarantee to pay the rent even if the property is vacant
* DHA Property Care, an all-inclusive service fee, covers a range of property related services.
* The property is cleaned at the end of each tenancy period.
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* A rental floor may apply to the DHA Lease Agreement (applicable to specific lease editions & applies to commencement rent).

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 Jennifer Andrew of Hudson Property Agents - the Defence Properties specialists.
* In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
* Photos are supplied under agreement by DHA & not been taken for the purpose of marketing.
***The rent displayed is the 2020 rental figure, please note, DHA has recently performed a rent revaluation on this property. Please enquire with the agent to confirm the 2021 rental figure***

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$3,078

Estimated monthly repayments based on advertised price of $520000.

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