Medowie NSW

Medowie NSW

  • HOUSE
  • 4 bedrooms
  • 2 bathrooms
  • 4 car spaces
  • Approx 725 Square metres

LARGE FAMILY HOME, ON 700+SQM BLOCK, EXCELLENT LOCATION. RENTAL INCOME GUARANTEED BY DHA AT $500 PER WEEK.

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 at the rear of the property. Also included is a dining/lounge area located at the heart of the home, which is ideal as a more formal living space. The master bedroom includes en-suite and walk-in-robe and the 3 additional bedrooms, also with built-in-robes, are positioned opposite the main bedroom, close to the large family bathroom which includes a separate shower and bath.

The double garage allows for internal access and the covered outdoor area is perfect for alfresco entertaining and is easily accessed through a large sliding door via the family room. Other features include security screens to window and doors and large fully fenced yard.

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 $500pw, 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:
* Modern 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 lounge/dining area
* 2 bathrooms
* Safety screens throughout
* Outdoor covered pergola area perfect for entertaining
* Double lock-up garage with internal access
* Built 2002
* Council and Water Rates - Approx. $1,940 per annum (water usage reimbursed by DHA)

CURRENT LEASE FEATURES :
* DHA Lease edition: Edition 6
* Lease start date: 23/6/2020
* Lease end date: 23/6/2023
* 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 : $500pw 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.

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$3,078

Estimated monthly repayments based on advertised price of $650000.

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