FOR SALE
Range $780,000 to $800,000

Contact Agent For Address
Medowie NSW 2318

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 554m2
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EXCELLENT LOCATION. DHA RENTAL INCOME GUARANTEED UNTIL 2025 + 3-YEAR OPTION TO EXTEND.

INVESTORS take note, this DHA (Defence Housing Australia) investment property is set on a 554sqm block and situated in the high demand suburb of Medowie. The property is currently under lease to DHA (Defence Housing Australia) with guaranteed rent until March 2025 with a 3 year option that could take it through until 2028!
LEASE FEATURES :
* Lease start date: 01/04/2019
* Lease end date: 31/03/2025
* Lease option: 3 year option to extend available
* Right to vary: 1 x up to 12 months reduction and 1 x up to 12 months extension
* Important Note: The 36 month option and 12 month right to vary are at DHA’s discretion.
CURRENT RENT 2024 - $650 PW and adjusted annually based on the assessment from independent professional valuer.
RATES: Council and Water Rates approx. $2,552 per annum (water usage reimbursed back to owner by DHA)
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.
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Property Details for Contact Agent For Address, Medowie

Contact Agent For Address, Medowie is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 554m2. The place is currently for sale with Hudson Property.

Building Type
House
Land Size
554m2

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About Medowie 2318

The size of Medowie is approximately 42.8 square kilometres. It has 22 parks covering nearly 15.9% of total area. The population of Medowie in 2011 was 8,843 people. By 2016 the population was 9,581 showing a population growth of 8.3% in the area during that time. The predominant age group in Medowie is 0-9 years. Households in Medowie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Medowie work in a trades occupation. In 2011, 75.8% of the homes in Medowie were owner-occupied compared with 74.3% in 2016.

Medowie has 5,205 properties. Over the last 5 years, Houses in Medowie have seen a 65.70% increase in median value, while Units have seen a 50.92% increase. As at 31 October 2024:

  • The median value for Houses in Medowie is $827,440 while the median value for Units is $490,403.
  • Houses have a median rent of $620 while Units have a median rent of $450.
There are currently 60 properties listed for sale, and 8 properties listed for rent in Medowie on OnTheHouse. According to CoreLogic's data, 232 properties were sold in the past 12 months in Medowie.

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Contact agent
Jenny Andrew
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Hudson Property
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