OFF MARKET

2 Bitou Way
Fern Bay NSW 2295

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 147m2
Land area: 303m2
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Property Details for 2 Bitou Way, Fern Bay

2 Bitou Way, Fern Bay is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2011. The property has a land size of 303m2 and floor size of 147m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
House
Year Built
2011
Floor Size
147m2
Land Size
303m2
Local Government
Port Stephens
Lot/Plan
49/DP280008

Last Listing description (April 2020)

Currently rented to Defence Housing Australia for $530 p.w, this 2 storey, 4 bedroom home, nestled in the coastal town of Fern Bay, offers a savvy buyer guaranteed rent for the next 12 months with the option to then move in.

Property features:
4 bedrooms; main with ensuite and walk in robe, additional 3 bedrooms with built in robes

2 bathrooms, with additional 3rd toilet
modern kitchen, gas cook top, electric oven
separate lounge room
Generous size family/meals/kitchen living spaces
Split system Air conditioning & ceiling fans
Double remote garage with internal and rear access
Security screens fitted to all windows and external doors
Undercover entertaining area
Level, fully fenced back yard

Local schools-Fern Bay Primary 1.4 kms approx.
Fern Bay Public School 3.2 kms approx.
Stockton Beach- 5.5kms approx.
Stockton/Newcastle Ferry- 9kms to Stockton wharf with plenty of free parking then a quick 5 minute trip on the scenic ferry across the river to Queens Wharf near the city centre of Newcastle.
Newcastle CBD- 20 kms approx.
Newcastle airport 9.3kms approx

Lease details:
Current weekly rent: $530 p.w
Lease end date: 17/01/2021
Lease option: Used
Right to Vary: 1 x up to 12 months Reduction and 1 x up to 12 months Extension (refer to the DHA Lease Agreement)
All options and variations are exercised at DHA's discretion

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 and applies to commencement rent).
This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place. Visit dha.gov.au to learn the benefits of investing in Defence Housing Australia property.
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 and are for illustration purposes only.

To find out more about this great home, or if you would like to arrange an inspection, please contact Tracee Stuart on 0400 404 464 or via email at tracee@hudsonproperty.com.au

Property History for 2 Bitou Way, Fern Bay, NSW 2295

A timeline of how this property has performed in the market
Last Sold
$565,000
23 Mar 2020
Listed for Rent
$530/w
25 May 2015
  • 12 Aug 2021
    Listed for Rent - Price not available
  • 23 Mar 2020
    Sold for $565,000
  • 02 Jul 2019
    Listed for Sale $589,000
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About Fern Bay 2295

The size of Fern Bay is approximately 8.4 square kilometres. It has 6 parks covering nearly 51.1% of total area. The population of Fern Bay in 2011 was 1,624 people. By 2016 the population was 2,760 showing a population growth of 70.0% in the area during that time. The predominant age group in Fern Bay is 60-69 years. Households in Fern Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fern Bay work in a professional occupation. In 2011, 84.9% of the homes in Fern Bay were owner-occupied compared with 79.6% in 2016.

Fern Bay has 1,936 properties. Over the last 5 years, Houses in Fern Bay have seen a 54.57% increase in median value, while Units have seen a 41.68% increase. As at 31 August 2024:

  • The median value for Houses in Fern Bay is $1,039,275 while the median value for Units is $548,541.
  • Houses have a median rent of $680 while Units have a median rent of $585.
There are currently 2 properties listed for sale, and no properties listed for rent in Fern bay on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Fern bay.

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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.