40 Gawul Circuit, Corlette, NSW 2315 | Property Value & History | OnTheHouse
OFF MARKET

40 Gawul Circuit
Corlette NSW 2315

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 172m2
Land area: 501m2
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Property Details for 40 Gawul Cct, Corlette

40 Gawul Cct, Corlette is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 2015. The property has a land size of 501m2 and floor size of 172m2. While the property is not currently for sale or for rent, it was last sold in May 2016.

Building Type
House
Year Built
2015
Floor Size
172m2
Land Size
501m2
Local Government
Port Stephens
Lot/Plan
2809/DP1194081

Last Listing description (August 2025)

Recently crowned "Australia's Best Town of 2025", this DHA property is nestled in the Port Stephens region in the highly sought-after suburb of Corlette, the property is less than a 450m walk to the beautiful Bagnall Beach Reserve which is a popular spot for swimming and enjoying the sunset. There are three areas to the reserve which all provide access to the beach and all are connected by a popular walking/cycling path.

As the DHA lease expires in June 2028 you have the option of moving into the property (complete with a repaint and recarpet) or use the property as a holiday home.

This 4-bedroom, 2-bathroom house offers the perfect blend of style, comfort, and convenience. Boasting a modern design and quality finishes throughout. The spacious open-plan living and dining area is at the heart of the home, the galley style kitchen is equipped with modern appliances, breakfast bar, and plenty of storage space. The adjoining outdoor patio is perfect for alfresco dining and accessible from the family area via double sliding doors.

The large master bedroom includes a WIR and ensuite which was refurbished late 2024, work included new waterproofing and retiling of the ensuite (waterproofing has a 6 year warranty in place), a new semi-frameless shower and an in-built tiled wall nook in shower (to hold shower products).

The remaining 3 bedrooms feature built-in wardrobes with the second bathroom in easy reach. This property also offers the convenience of a double garage, providing secure parking for two vehicles. The level, low-maintenance fully landscaped backyard offers privacy and space.

The property is also a short drive to many other pristine beaches in the Nelson Bay (Port Stephens) area, the Anchorage Marina, shopping centre, schools, parks, playgrounds and bike paths are also within close proximity.

PROPERTY FEATURES:
- Master bedroom with large WIR and ensuite
- Ensuite refurbished late 2024 - new waterproofing, tiling, shower screen and shower nook
- Large open plan family and dining space
- Separate carpeted lounge room, ideal kids retreat
- Modern finishes throughout including air conditioning
- Tiled floors in family/dining space and carpeted bedroom
- Outdoor patio accessed via double sliding doors from the family room
- Double auto garage with internal access
- Level block with low-maintenance garden
- Quick 10 min walk to popular, peaceful Bagnalls Beach
- Peaceful, tranquil location
- Built approximately 2016

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: 10/6/2016
- Lease end date: 9/6/2028
- Lease option: Used
- Right to vary: Not applicable
- Important Note: The 36 month option and 12 month right to vary are at DHAs discretion.
- Current Gross rent $790pw and reviewed annually each December
- DHA Property Care service fee 16.5% (including GST)
- Council rates (p.a.) approx. $2,300
- Water Rates (p.a.) approx. $1,040

DHA LEASE BENEFITS:
* Make good provision - repaint (internal and external) and recarpet at lease end
* 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 on 0414 207 279 (we are required to provide DHA tenants 72 hours notice for inspections). In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers, that is those with pre-approved finance.

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 40 Gawul Cct, Corlette, NSW 2315

A timeline of how this property has performed in the market
Last Sold
$632,500
25 May 2016
Listed for Rent
$520/w
18 Mar 2016
  • 03 Jan 2025
    Listed for Sale Price Range $1,200,000 to $1,250,000
  • 12 Aug 2021
    Listed for Rent - Price not available
  • 25 May 2016
    Sold for $632,500
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About Corlette 2315

The size of Corlette is approximately 3.0 square kilometres. It has 20 parks covering nearly 21.2% of total area. The population of Corlette in 2016 was 5356 people. By 2021 the population was 5699 showing a population growth of 6.4% in the area during that time. The predominant age group in Corlette is 70-79 years. Households in Corlette are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Corlette work in a professional occupation.In 2021, 77.90% of the homes in Corlette were owner-occupied compared with 74.80% in 2016.

Corlette has 2,870 properties. Over the last 5 years, Houses in Corlette have seen a 58.11% increase in median value, while Units have seen a 45.99% increase. As at 31 January 2026:

  • The median value for Houses in Corlette is $1,203,459 while the median value for Units is $781,309.
  • Houses have a median rent of $745 while Units have a median rent of $650.
There are currently 25 properties listed for sale, and 9 properties listed for rent in Corlette on OnTheHouse. According to Cotality's data, 114 properties were sold in the past 12 months in Corlette.

Suburb Insights for Corlette 2315

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.