156 Teralba Road, Adamstown NSW 2289

Auction Location: 2/16 Telford Street, Newcastle East & Live via Buy.Realtair.com

Attention home buyers and investors! Here's an exceptional opportunity to secure a foothold in the coveted city-fringe locale of Adamstown, while land banking and collecting the rent.

With a combined rental income of $1,000 per week, this dual-occupancy property sees the front home fetching $630 and the rear dwelling generating $370 per week. Tailored for astute investors or those envisaging a distinctive family residence, this property boasts a very generous block size – a rare find in this convenient location.

Step beyond the unassuming exterior of the front home to discover a stylishly renovated interior that effortlessly blends modern design with timeless charm. Bathed in natural light from strategically placed Velux skylights, the open-plan layout creates a bright, welcoming atmosphere. This inviting space is further elevated by the addition of a sleek renovated kitchen, ensuring both style and functionality, and complemented by the comfort of air conditioning. Three spacious bedrooms offer serene retreats, while the bathroom exudes luxury with a freestanding bath, floating vanity, and a rejuvenating rain shower.

The rear dwelling opens up a world of possibilities, with its two bedrooms, an open-plan living area, and potential for further enhancement to increase rental income or accommodate in-laws. You could extend one or both of these homes (subject to council approval) and enhance the landscaping to create a distinct separation between the two houses. Or you could even consider removing one of the dwellings to make the most of the extensive backyard.

This address is highly walkable and well-connected with great transit options. Located near Brunker Road shops, Myers Park, and various cycleways, it offers a convenient inner-urban lifestyle. Nearby schools include Adamstown Public, Hunter School of the Performing Arts, and Merewether High. Both Adamstown and Broadmeadow stations are a short stroll walk away, providing convenient commuting options.

Unlock the potential to build your property portfolio while securing your future in the sought-after Adamstown property market. Whether you choose to capitalise on its dual-income potential or reside in the inviting front home while leasing out the rear property, this opportunity offers a unique path to mortgage freedom. Come and inspect today!

Features include:

House 1:
- Renovated period cottage blending timeless charm with tasteful contemporary updates.
- Three large bedrooms.
- Light-filled open plan living/dining with Velux skylights creating a light-filled welcoming space.
- Sleek contemporary kitchen with dishwasher, gas hob, and ample benchspace and storage.
- Exquisite bathroom with elegant freestanding bath, rain shower and contemporary brushed brass fixtures.
- Self-contained laundry.
- Two undercover car spaces.
- Plenty of room to extend (STCA).

House 2:
- Original cottage with potential to extend or renovate to maximise your rental return (STCA).
- Two large bedrooms.
- Large north-facing open plan living/dining with original u-shaped kitchen.
- Combined bathroom/laundry and separate toilet.
- One undercover car space.

Block:
- Generous 575 sqm block with plenty of potential to enhance or use the space to extend one or both homes (STCA).
- Prime inner urban locale near train, shops, schools, and commuter links.

Outgoings :
Council rates - $2,464 per annum approx.*
Water rates - $908 per annum approx.*

This property is being sold under the Friendly Auction System.

An independent pest & building report is available on request at no charge to you. This is the type of report your solicitor would usually recommend purchasing before bidding at an auction or before making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about your queries in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction.

Flexible deposit and settlement conditions are also available by negotiation with the agent if required.

Offers can also be made prior to auction and each offer will be assessed on its merits.

Bid and buy with confidence in this consumer driven, transparent auction system that was pioneered here in Newcastle but is now in use across Australia. We also have a downloadable guide available on our website.

To find out more about this property contact Matt Thompson on 0411 737 232

Disclaimer:
All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.