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Sold on 21 Oct 2024 for $565,000

402/9 Station Street
Wickham NSW 2293

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 402/9 Station St, Wickham

402/9 Station St, Wickham is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom Apartment sold in Wickham in the last 12 months.

Building Type
Apartment

Last Listing description (October 2024)

INVESTORS TAKE NOTE: This modern elegant 1-bedroom apartment located in the heart of Newcastle at Wickham and it is an affordable entry into the DHA (Defence Housing Australia) investment property market. Currently leased to Defence Housing (DHA) on a long term lease which expires in Sept 2031 with a 3 yr. option to extend that could take it through to Sept 2034!

This contemporary property offers the perfect blend of style, convenience and comfort. With a spacious open plan design, high quality finishes and a coveted location this apartment is bound to impress. The apartment features a sleek and functional kitchen. The open plan living/dining area is flooded with natural light. The bedroom is generously sized and boasts a large WIR, and the modern bathroom has dual access from the bedroom and the living space. Tucked neatly into the bathroom is an internal laundry. This property also features a large balcony which can be access from the living area and the bedroom and a secure underground parking space.

A short stroll to Wickham Foreshore, it's close to Newcastle CBD and the entertainment hub of Honeysuckle, Newcastle Rail Interchange, cafes, restaurants and pubs are also located close by.

PROPERTY FEATURES:
- 1 bedroom with large walk-in-robe
- Beautifully designed large open plan kitchen and living space
- Ultra modern finishes throughout including air conditioning
- Floor boards in living spaces and carpeted bedroom
- Combined bathroom and laundry facilities
- Spacious bedroom with large WIR and access to balcony
- Large balcony accessed from living area and bedroom
- Communal outdoor space including child play equipment, BBQ's and seating
- Small gym area
- Single car space with caged storage
- Intercom system at entry
- Built approximately 2019

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.

LEASE DETAILS :
- Lease Edition: Edition 6c
- Lease start date: 23/09/2019
- Lease end date: 22/09/2031
- Lease option: 1 x up to 36 months
- Right to vary: 1 x up to 12 months reduction and 1 x up to 12 months extension
- Important Note: The 36 month option and 12 month right to vary are at DHA’s discretion.
- Current Gross rent $550pw and reviewed annually each December
- DHA Property Care service fee 13% (including GST)
- Council rates (p.a.) approx. $1,339
- Water rates (p.a.) approx. $770
- Strata levy (p.a.) approx. $3,631

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.

Information provided above has been obtained from various sources from which we believe to be accurate, however, Hudson Property Agents accept no liability for any errors or omissions, including but not limited to a floorplan, build date, land size, floor plans and size, 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 402/9 Station St, Wickham, NSW 2293

A timeline of how this property has performed in the market
Last Sold
$565,000
21 Oct 2024
  • 06 Nov 2024
    Sold for $565,000
  • 04 Apr 2024
    Listed for Sale Not Disclosed
  • 10 Sep 2019
    Sold for $430,000
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About Wickham 2293

The size of Wickham is approximately 0.7 square kilometres. It has 3 parks covering nearly 17.7% of total area. The population of Wickham in 2011 was 953 people. By 2016 the population was 1,108 showing a population growth of 16.3% in the area during that time. The predominant age group in Wickham is 20-29 years. Households in Wickham are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wickham work in a professional occupation. In 2011, 44.8% of the homes in Wickham were owner-occupied compared with 43.3% in 2016.

Wickham has 1,703 properties. Over the last 5 years, Houses in Wickham have seen a 54.68% increase in median value, while Units have seen a 23.72% increase. As at 30 November 2024:

  • The median value for Houses in Wickham is $1,062,050 while the median value for Units is $798,005.
  • Houses have a median rent of $650 while Units have a median rent of $700.
There are currently 14 properties listed for sale, and 1 property listed for rent in Wickham on OnTheHouse. According to CoreLogic's data, 71 properties were sold in the past 12 months in Wickham.

Suburb Insights for Wickham 2293

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Jenny Andrew
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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.