SOLD
Sold on 13 Sep 2024 for $550,000

4/40 Nesca Parade
The Hill NSW 2300

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 60m2
Land area: 1387m2
Sold By
Urban Land Housing Huntlee
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Property Details for 4/40 Nesca Pde, The Hill

4/40 Nesca Pde, The Hill is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1387m2 and floor size of 60m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 2 bedroom Unit sold in The Hill in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
60m2
Land Size
1387m2
Local Government
Newcastle
Lot/Plan
4/SP93466

Last Listing description (October 2024)

Are you looking for an investment with a guaranteed rental return?
Take advantage of this unit currently leased to Defence Housing Australia with a lease in place to 2026 and an option to extend for another X3 years.
Conveniently located and walking distance to Bar Beach, King Edward Park, the Anzac Walk and trendy Darby Street with its array of restaurants, cafes and boutique shops.

Property Features:
- Two bedrooms both with built-in robes
- Master bedroom features a reverse cycle air conditioning
- Open plan living and dining room also features a reverse cycle air conditioning
- Undercover patio with access from your living and master bedroom
- One undercover carpark space and also one storage facility
- Guaranteed rental return of $520 per week (approx) and rent review every December
- Lease expires February 2026 with an option to extend for another 3 years

PLEASE NOTE: 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.

DHA lease benefits:
- DHA guarantees 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)
- Lease reviewed every 31st of December of each year

Get in touch to arrange a private inspection, contact Hannah on 0499 448 873.

All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.

Disclaimer:
**Investing with DHA - This property is for sale on behalf of a Defence Housing Australia lessor and has a Defence Housing Australia lease in place.
In accordance with DHA regulations, we advise that this property will be available for private inspection only and to pre-qualified buyers only.
**Photos are supplied under an agreement by DHA and are for illustration purposes only**

Property History for 4/40 Nesca Pde, The Hill, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$550,000
13 Sep 2024
  • 13 Sep 2024
    Sold for $550,000
  • 05 Sep 2023
    Listed for Sale Range $615,000 to $645,000
  • 15 Jan 2021
    Sold
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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 1,386 properties. Over the last 5 years, Houses in The Hill have seen a 51.91% increase in median value, while Units have seen a 27.37% increase. As at 31 October 2024:

  • The median value for Houses in The Hill is $2,081,644 while the median value for Units is $772,660.
  • Houses have a median rent of $530 while Units have a median rent of $530.
There are currently 4 properties listed for sale, and 3 properties listed for rent in The hill on OnTheHouse. According to CoreLogic's data, 56 properties were sold in the past 12 months in The hill.

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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.