For Sale

Essendene Gardens Mallabula NSW 2319

$850,000

3
2
2
460 m²

DuplexSemiDetached

30+ days on the market

Designer Duplex with DHA Lease, Returning $700 Per Week

Completed in 2024 and positioned just 300 metres from the sparkling waterfront, parks, and nature reserves of stunning Port Stephens, this exceptional contemporary duplex delivers the perfect blend of luxury living and secure investment performance. Showcasing striking street appeal and a premium high-end finish throughout, the residence has been thoughtfully crafted to maximise space, natural light, and effortless coastal living. The stunning open-plan design is enhanced by soaring cathedral ceilings with exposed timber beams, creating an impressive sense of scale and warmth rarely found in duplex living. At the centre of the home, the designer kitchen is both sophisticated and functional, featuring stone benchtops, quality appliances, and a generous breakfast bar that seamlessly connects the indoor living and dining spaces with the covered alfresco entertaining area - ideal for relaxed everyday living or entertaining guests. Accommodation comprises three spacious bedrooms with built-in wardrobes, including a luxurious master retreat complete with air conditioning, a large walk-through robe, and a beautifully appointed oversized ensuite featuring double vanities and contemporary finishes. Every detail of the home has been designed with comfort, style, and practicality in mind, offering light-filled interiors, a flowing floorplan, and a timeless coastal aesthetic perfectly suited to the Port Stephens lifestyle. Adding exceptional appeal is the secure long-term lease with Defence Housing Australia (DHA), making this an outstanding "set-and-forget" investment opportunity with reliable returns and professional management already in place. Investment Highlights: • Secure DHA lease in place until 2030 • Option to extend for an additional 3 years • Strong rental return of $700 per week • Professionally managed investment with consistent income security Additional Features: • Double lock-up garage with internal access • Solar panel system for energy efficiency • Air conditioning and ceiling fans throughout • Fully fenced, low-maintenance backyard • Quality 2024 build with modern finishes throughout Located moments from pristine waterways, walking tracks, boat ramps, cafés, and local amenities, this remarkable property presents a rare opportunity to secure a near-new luxury residence paired with the confidence of a secure government-backed lease. Every care has been taken to verify the accuracy of the information contained in this advertising copy but no warranty (either expressed or implied) is given by Raine & Horne or its agent as to the accuracy of the contents. Purchasers should conduct their own investigations into all matters relating to the proposed purchase of the property.

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