Medowie NSW 2318

Medowie NSW 2318

$525,000

4 beds

2 baths

2 parking

INVEST NOW, RETIRE LATER!

Located in the beautiful Port Stephens area of Medowie, and just 34 kms north of Newcastle, this spacious and single level, 4 bedroom home is one to consider for investors looking for great value.

Currently renting to Defence Housing Australia for $505 p.w this property has a guaranteed rental income stream until November 2023 with an additional option of up to 3 years.

Property Features:
4 bedrooms, main with ensuite and walk in robe
Additional 3 bedrooms all have built ins
2 bathrooms – main with separate toilet
Seamless flow from spacious Lounge/dining to kitchen and family room
Large separate games room
Split system Air conditioning
Outdoor undercover entertaining area
Double garage with internal access
Fully fenced, child friendly backyard

Woolworths and local shopping centre 1 km approx.
Wirreanda Public School 825m approx.
Irrawang High School 10km approx.
Nelson Bay- 37kms approx.
Newcastle CBD–35 kms approx.
Sydney- 180 kms (2 hour drive approx.)

Lease Details
Leased until: 10/11/2023
Option available: 1 x up to 36 months
Right to vary: 1 x up to 12 months Reduction and 1 x up to 12 months Extension
Current Gross Rent: $ 505 p.w. and reviewed annually each December

DHA Lease Benefits
Guaranteed rent paid on time every time regardless of whether the house is tenanted
Annual independent rent review
Most 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

**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.
**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 read about the benefits of investing in Defence Housing Australia property.