11 Scribbly Place

Medowie NSW 2318

This property offers the astute buyer a no-fuss, stress-free investment with rental income guaranteed every week by Defence Housing Australia (DHA). Conveniently located close to the Medowie shopping complex, Medowie Christian and Medowie Primary School, and a short 15-20km drive to some of the most amazing beaches in the Newcastle/Port Stephens area.

Built approximately 2006 and currently rented at $590pw, assessed annually with rental income guaranteed (until the end of the lease), zero re-letting fees, repairs and maintenance included, astute investors will reap the benefits a secure DHA lease has to offer.

PROPERTY FEATURES:
* Modern low set and low maintenance brick home
* 4 large bedrooms incl. main with ensuite
* Air conditioning and ceiling fans throughout
* 2 separate living areas incl. family and separate carpeted living/dining area
* Tiled family area and carpeted bedrooms
* Safety screens throughout
* Outdoor covered pergola area perfect for entertaining
* Double lock-up garage with internal entry and backyard access
* Double side access to backyard
* Built 2006

CURRENT LEASE FEATURES :
* DHA Lease edition: Edition 6
* Lease start date: 5/5/2018
* Lease end date: 4/5/2024
* 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
* Note: The option and right to vary is at DHAs discretion.

CURRENT RENT : $590pw and assessed annually.

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

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.
**In accordance with DHA regulations, we advise that this property will only be available for private inspections and to pre-qualified buyers.
*** Photos supplied by DHA for the purposes of marketing the property
**** Weekly rent quoted is for 2022 as per 2021 rental assessment completed in December