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 5,238 properties. Over the last 5 years, Houses in Medowie have seen a 63.04% increase in median value, while Units have seen a 49.06% increase. As at 30 November 2024:

  • The median value for Houses in Medowie is $825,229 while the median value for Units is $495,891.
  • Houses have a median rent of $620 while Units have a median rent of $460.
There are currently 62 properties listed for sale, and 23 properties listed for rent in Medowie on OnTheHouse. According to CoreLogic's data, 236 properties were sold in the past 12 months in Medowie.

Suburb Insights for Medowie 2318

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Contact agent
Jenny Andrew
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Hudson Property
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.