SOLD
Sold on 08 Jul 2024 for $830,000

97 Sunningdale Circuit
Medowie NSW 2318

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 181m2
Land area: 973m2
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Property Details for 97 Sunningdale Cct, Medowie

97 Sunningdale Cct, Medowie is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2012. The property has a land size of 973m2 and floor size of 181m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Medowie in the last 12 months.

Building Type
House
Year Built
2012
Floor Size
181m2
Land Size
973m2
Local Government
Port Stephens
Lot/Plan
50/DP280007

Last Listing description (August 2024)

INVESTORS take note, this DHA (Defence Housing Australia) investment property is set on a massive 972sqm block and situated in high demand Pacific Dunes Estate in Medowie. The property is currently under lease to DHA (Defence Housing Australia) with guaranteed rent until November 2030 with a 3 year option that could take it through until November 2033!

LEASE DETAILS:
* Current Lease dates : 7/11/2012 - 6/11/2024

* New Lease dates: 7/11/2024 - 6/11/2030
* 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
* Important Note: The 36 month option and 12 month right to vary are at DHA's discretion.

CURRENT RENT 2024 - $680 PW and adjusted annually through an independent professional valuation.

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. Pacific Dunes Estate is built around an 18-hole championship golf course where residents enjoy exclusive luxuries with access to an on-site pool, tennis courts, parks and BBQ area, it's a short stroll to the Pacific Dunes Green House Eatery plus the brand-new Catherine McAuley Catholic college is only a short distance away.

PROPERTY FEATURES:
* 4 bedrooms / 2 bathrooms
* Master bedroom, air conditioned, WIR and en-suite
* Open plan tiled family/meals, kitchen and air-conditioned
* Separate carpeted lounge and formal dining area
* Versatile kitchen with stainless steel appliances
* Double auto garage with internal access
* Established gardens
* Undercover outdoor entertaining area perfect for alfresco living and dining
* Safety screens throughout
* Access to Pacific Dunes amenities including swimming pool, tennis courts and family BBQ area

BUYING DHA : The Defence Housing Australia lease offers the owners amazing inclusions such as guaranteed rental income, a comprehensive property care/maintenance package, & annual independent rental valuations and adjustments, all of which are designed for stress free investing. Ideal for investors located anywhere in the country, superannuation funds, and perfect for those starting their property portfolio and looking for a safe and secure option. During the lease the property will be may be eligible for a repaint & recarpet at DHA's. At Lease end DHA have an extensive make good program to ensure your home is handed back in tip top condition.

* Council and Water Rates approx. $2,552 per annum (water usage reimbursed back to owner by DHA)
* Community Strata Fees - $172.00 per qtr.

DHA LEASE BENEFITS:
* Guaranteed rent paid in advance, even when the property is vacant
* Annual market rent review service (conducted by an independent licensed valuer)
* Online services portal to view and manage your property
* The lessor will be entitled to a lease-end make-good which includes new paint and carpets (refer to the DHA Lease Agreement)
* Property Care program - DHA are responsible for organising and covering the cost of most non-structural repair and maintenance works, including the replacement of fixed appliances as needed
* Tenancy management - DHA take the pressure off managing the tenants, you do not have to inspect the property (however, this can be arranged on request)
* Emergency repair - in the event of emergency DHA will act quickly on your behalf
* Zero re-letting fees

If you would like to arrange an inspection, please contact Jenny Andrew of Hudson Property Agents on 0414 207 279.

** A note for Owner Occupiers -This property is sold with a DHA (Defence Housing Australia) lease in place which offers significant benefits to the investor however can't be occupied by the owner/s until the lease ends **

***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 Sharon Richter of Hudson Property Agents. In accordance with DHA regulations, we advise that this property will only be available for private inspections and must be co-ordinated by the agent with the tenants.
Information provided above has been obtained from various sources which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a Floorpan, lease dates, build date, land size, floor plans and size, and property condition. Interested parties should make their own enquiries and conduct their own due diligence in addition to obtaining legal advice from their appointed solicitor or conveyancer.

Property History for 97 Sunningdale Cct, Medowie, NSW 2318

A timeline of how this property has performed in the market
Last Sold
$830,000
08 Jul 2024
  • 08 Jul 2024
    Sold for $830,000
  • 23 Feb 2024
    Listed for Sale Contact Agent
  • 27 Apr 2022
    Listed for Sale Not Disclosed
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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 5,213 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 58 properties listed for sale, and 17 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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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.