Speedy Lock Lane
Heatherbrae, NSW 2324

The Stables Estate, located off Speedy Lock Lane in Heatherbrae, New South Wales, is a newly developed estate comprising 48 lots in its first stage. Most of these lots have been sold, and numerous homes are currently under construction within the estate.

Metricon, Australia's largest home builder, has been commissioned to construct 10 substantial homes within the estate. These homes will be leased on 12-year agreements to the Defence Housing Authority (DHA) to accommodate Defence personnel. The estate's location is strategically important due to its proximity to the Airforce base at Newcastle airport. DHA is renowned for its high standards in property care and maintenance, particularly for properties leased to senior Defence personnel.

Investors have an exceptional opportunity with these Metricon homes, which feature quality finishes and offer long-term stability, predictable income, and minimal management responsibilities beyond receiving rent.

DHA leases are structured in three-year periods, initially spanning 12 years. These government-backed long-term leases ensure rent is paid in advance, regardless of vacancy. Comprehensive property care is fully managed by DHA, including tenancy management, rent collection, and ongoing maintenance. The homes are built to meet DHA's stringent quality and durability standards.

Each home includes four spacious bedrooms, two modern bathrooms, and a double garage, with a total home design area of 269 square meters. The contemporary façade features a combination of brick and cladding, complemented by generous ceiling heights of 2550mm.

Premium inclusions in these homes encompass a kitchen equipped with a 900mm Fisher & Paykel induction cooktop, a 900mm Fisher & Paykel built-in oven, and a 900mm stainless steel canopy rangehood. The kitchen also features 20mm Caesarstone (silica-free) benchtops, soft-close cabinetry, and provisions for a dishwasher and microwave.

The bathrooms and ensuite include 20mm Caesarstone benchtops, semi-frameless shower screens, and a freestanding bath in the main bathroom. High-quality Posh and Mizu fixtures are used throughout. Additional features include ducted reverse-cycle air conditioning, ScreenGuard security mesh on all windows and doors, laminate timber flooring in living areas, carpeted bedrooms, full-height tiling in wet areas (excluding WC), block-out roller blinds throughout, and a termite-resistant frame and truss system.

Heatherbrae is home to Hunter River High School, which is within easy walking distance of The Stables Estate. The Port Stephens council area offers a variety of educational facilities, including preschools, primary, and high schools. Nearby Raymond Terrace and Port Stephens provide extensive shopping options, including major retail brands and services.

Port Stephens is a popular tourist destination known for its cruises, beaches, walking trails, and restaurants. Newcastle airport is located approximately 15 kilometers away, with Newcastle city center about 25 kilometers from the estate.

Disclaimer: The information provided is for general informational purposes only and does not constitute legal, financial, or real estate advice. While efforts are made to ensure accuracy, no guarantees are made regarding completeness or correctness. Prospective buyers are encouraged to conduct their own independent investigations. The agency is not responsible for any liabilities arising from the use of this information.