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16a William Street, Raymond Terrace NSW 2324

$840,000 - $870,000

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$840k - $882k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 2 Cars 688 m²

Listed: yesterday

Updated: 8 hours ago

Overview

Set on a generously sized, fully fenced 688sqm block, this solid brick house offers a compelling opportunity for investors prioritising stable and low-maintenance rental returns. Its ongoing Defence Housing Australia (DHA) lease provides a secure rental income of $740 per week, guaranteed even during vacancy periods, coupled with annual rent reviews and professional management ensuring peace of mind.

The home’s design balances comfort and practicality with four sizeable bedrooms, three equipped with built-in robes and ceiling fans, including a main bedroom featuring mirrored robes and an ensuite bathroom. The spacious kitchen is well-appointed with ample bench and cupboard space, a dishwasher, electric cooktop, and a walk-in pantry, seamlessly connecting to a light-filled open-plan living and dining area.

Additional living space is available in the separate carpeted lounge, complemented by ducted air conditioning throughout the home for year-round comfort. The open-plan living area extends into a covered outdoor entertaining space, perfect for relaxation or gatherings.

Four bedrooms with ceiling fans; main with mirrored built-in robes and ensuite, others with built-in robes
Spacious kitchen including dishwasher, electric cooktop, and walk-in pantry
Open-plan tiled living and dining area alongside a separate carpeted lounge room
Ducted air conditioning throughout for comfortable living
Covered outdoor entertaining area enhancing indoor-outdoor flow
Main bathroom with bathtub, separate toilet, and internal laundry with external access
Double garage with automatic door and internal access
Large, secure 688sqm fully fenced block providing privacy and space

The DHA lease adds significant investment appeal with guaranteed rent payments, annual reviews, and a government-backed tenant arrangement providing reliability through to July 2027, with a six-year lease option available. The property also benefits from potential long-term capital growth and maintenance services provided by DHA, including possible restoration works as per agreement terms.

Overall, this property delivers a set-and-forget investment strategy combining a well-maintained family home with a secure income stream, ideal for investors seeking stability and professional management backed by government leasing arrangements.

Local Market Insights

In Raymond Terrace, Quiet Listings observed 37 new houses entering the market over the last 30 days, down from 41 during the previous 30-day period, with an average advertised asking price of $986,054. The property type mix of listed properties is predominantly Houses at 55%, followed by land (22%), and units (8%). The most active agency for houses in the Raymond Terrace area is currently Adam Charles, representing 24% of new listings, followed by Dowling Real Estate Raymond Terrace with 24%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.