FOR SALE
$625,000

Contact Agent For Address
The Hill NSW 2300

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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VIBRANT NEWCASTLE CBD LOCATION, TOP FLOOR APARTMENT, LEASED to DHA UNTIL 2026 + 3 YEAR OPTION TO EXTEND

INVESTORS: Investors will love the opportunity to purchase this 2 bedroom apartment located in a prime Newcastle suburb. Currently leased to Defence Housing Australia (DHA) on a long term lease which expires in 2026 with a 3 yr. option to extend that could take it through until 2029!
The DHA (Defence Housing Australia) lease offers the new owners guaranteed income, resulting in stress free investing, regardless of whether the property is tenanted. An investment property leased to DHA is a set and forget investment, ideal for all investors, purchase via a self-managed superannuation fund or start your property portfolio with this safe and secure option.
Location is the key to wise investing and this property meets that criteria. The Hill is a very unique suburb, it is quiet and tranquil yet walking distance to Bar Beach and Nobbys Beach, King Edward Park, Anzac Walk and trendy Darby St with it's abundance of restaurants, cafes and boutique shops.
PROPERTY FEATURES:
* Located on the top floor of the complex
* Two bedrooms incl. main bedroom with air conditioning
* Built in robes in both bedrooms
* Tiled and air conditioned open plan kitchen & living/dining
* Modern kitchen
* Outdoor patio accessed from living area
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Property Details for Contact Agent For Address, The Hill

Contact Agent For Address, The Hill is a 2 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with Hudson Property.

Building Type
Apartment

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About The Hill 2300

The size of The Hill is approximately 0.6 square kilometres. It has 9 parks covering nearly 25.7% of total area. The population of The Hill in 2011 was 1,716 people. By 2016 the population was 1,940 showing a population growth of 13.1% in the area during that time. The predominant age group in The Hill is 20-29 years. Households in The Hill are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in The Hill work in a professional occupation. In 2011, 46.9% of the homes in The Hill were owner-occupied compared with 44.7% in 2016.

The Hill has 1,417 properties. Over the last 5 years, Houses in The Hill have seen a 59.77% increase in median value, while Units have seen a 32.98% increase. As at 31 August 2024:

  • The median value for Houses in The Hill is $2,120,763 while the median value for Units is $787,902.
  • Houses have a median rent of $480 while Units have a median rent of $500.
There are currently 9 properties listed for sale, and 4 properties listed for rent in The hill on OnTheHouse. According to CoreLogic's data, 52 properties were sold in the past 12 months in The hill.

Suburb Insights for The Hill 2300

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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.