We have a small 3 bedroom house adjoining a nice park. The kitchen and bathroom would be less than 10 years old and in OK shape. We sanded the floors, painted internally and clad the outside (to hide asbestos).
It rents for $340 per week and the tennants have snakes for pets.
You seem to have a pretty good deal there.
Not a boast, my properties seem to rent higher than the norm. We provide pretty good service, yet that wouldn't explain why it goes that high to start.
Not sure, we just ask for it. Also my properties, even though they are old, don't look too shabby.