This property is a rare find. One for the astute investor or first home buyer, with options to lease at 100% capacity or live in one and generate income from other units. This well maintained and solid home bone structure home is divided into two flats with the third being a freestanding, self-contained fully fenced granny flat, with a combined current rental return of $870 per week. It presents the perfect opportunity to secure a prime inner-city property now, while demand for rental properties is high. With scope to change its configuration and modernise this property, which could easily be convertible back to a 3/4 bedroom family home.
Currently occupied at 100% , with great long term tenants that would love to stay on.
Located in a quiet tree-lined street and only meters to the Industrial Highway, that connects to Newcastle CBD, Newcastle Airport and Port Stephens.
Flat One:
Entry from the front. Features: 1 bedroom with ensuite, ceiling fans, open plan kitchen, laundry, living and dining.
Flat Two:
Entry from the rear. Features: 2 bedrooms, both with built-in robes and ceiling fans, living, kitchen, bathroom, laundry, separate toilet and a small outdoor living area . Fully fenced level yard and garden shed.
Flat Three:
Freestanding, self-contained granny flat features: 1 bedroom, kitchen, bathroom, laundry built-in robe and utility room/ office space. Fully fenced with its own private grounds, new shed with covered outdoor living area, plus an additional garden shed.
- Great opportunity for the astute investor or first home buyer wishing to live in one flat while generating extra income and tax deductions
- separately metered electricity only with water usage included in rent
- Well maintained and easy care property. No work required
- Easily converted back to a 3/4 bedroom home.
- Walking distance to quality private and public schools
- Walk or ride to Mayfield retail and café hub, Newcastle university, Calvery mater hospital and Waratah Train Station
- Located opposite Wests club, which offers eateries, gym, swimming pool and bus stop.
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