OFF MARKET

4 Tooroong Road
Fern Bay NSW 2295

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 188m2
Land area: 561m2
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Property Details for 4 Tooroong Rd, Fern Bay

4 Tooroong Rd, Fern Bay is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2008. The property has a land size of 561m2 and floor size of 188m2. While the property is not currently for sale or for rent, it was last sold in February 2022.

Building Type
House
Year Built
2008
Floor Size
188m2
Land Size
561m2
Local Government
Port Stephens
Lot/Plan
35/DP280008

Last Listing description (March 2022)

This DHA Investment property is situated in a quiet coastal location within Seaside Estate, only a 20-minute drive to Newcastle CBD whilst also being in close proximity to Newcastle Airport, Newcastle Golf Club and some of the most amazing beaches Newcastle, and its surrounds, has to offer. Seaside Estate is also home to a number of parks, playgrounds, cycle ways and trails to the beach.

This 3 bedroom, 2 bathroom property also includes a multi-purpose room which could be used as a fourth bedroom. The main bedroom is conveniently positioned at the rear of the property and has a spacious walk-in robe as well as a private ensuite. All other bedrooms include built-in-robes and are zoned in close proximity to the large family bathroom, which includes a separate shower and bath. The large open plan kitchen and living area also provides access to a separate lounge room, whilst glass sliding doors open out onto the alfresco area and large, fully fenced, backyard.

Built approximately 2008 and currently rented at $640pw, assessed annually and rental income guaranteed to be paid weekly, without fail until the end of the lease.

PROPERTY FEATURES:
* 3 bedrooms/ 2 bathrooms with the option of a fourth bedroom
* Master bedroom, air conditioned, WIR and en-suite
* Open plan family/dining, kitchen and air-conditioned throughout
* Separate lounge area
* Tiled living and carpeted bedrooms
* Separate laundry
* Double auto garage with internal access
* Undercover outdoor entertaining area perfect for alfresco living and dining
* Safety screens throughout

This investment equals "peace of mind" from a long lease, guaranteed rental income paid monthly in advance and other extensive benefits of the DHA Property Care Services.

LEASE DETAILS :
* Lease start date: 3/09/2010
* Lease end date: 2/09/2022
* Lease option: 1 x up to 36 months
* Right to vary: 1 x up to 12 month reduction and 1 x up to 12 month extension
* All options/extensions are in DHA's favour.
* Current Gross rent $640pw and reviewed annually each December.
* Built approx. 2008

DHA LEASE BENEFITS:
* Guaranteed rent paid on time every time regardless of whether the house is tenanted
* Annual independent rent reviews
* Most non structural maintenance paid for by DHA
* The lessor may also be entitled to a lease-end make-good (refer to the DHA Lease Agreement).
* Zero re-letting fees

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 Jenny Andrew of Hudson Property Agents.
**In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
***The rent displayed is the 2022 rental figure***

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Property History for 4 Tooroong Rd, Fern Bay, NSW 2295

A timeline of how this property has performed in the market
Last Sold
$840,000
08 Feb 2022
  • 08 Feb 2022
    Sold for $840,000
  • 26 Nov 2021
    Listed for Sale Contact Agent
  • 03 Aug 2010
    Sold for $485,000
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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 49.02% increase in median value, while Units have seen a 63.99% increase. As at 31 July 2024:

  • The median value for Houses in Fern Bay is $1,026,297 while the median value for Units is $595,900.
  • Houses have a median rent of $680 while Units have a median rent of $585.
There are currently 4 properties listed for sale, and 1 property listed for rent in Fern bay on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Fern bay.

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