587 Glebe Rd, Adamstown NSW 2289

Centrally located just round the corner from Adamstown Shops, near to transport, schools and other amenities, as well as having Newcastle City Centre nearby, this three bedroom cottage great potential.

With delightful period features such as timber fretwork archway, original ornamental fireplace façade and kitchen stove as well as lovely original ornate plaster ceilings, some renovation/refurbishment work would do wonders here.

Currently leased for $270 per week to a good, long-term tenant, who is happy to stay on, this property provides a good investment as is, and could easily achieve around $300 per week with a little sprucing up.

The home has a large, open plan kitchen and dining and the lounge room is a good size, as are all three bedrooms. There is a lovely entry foyer too, where the timber fretwork is featured.

The tidy bathroom has shower, toilet and basin, and the laundry has recently been moved inside for convenience and just needs the finishing touches to the laundrette nook.

Already a sound investment as is, with potential to increase rental capacity with renovation, this could be the next property to add to your portfolio.

* Central location, near to all amenities
* 3 large bedrooms, tidy bathroom
* Rental return of $270 - as is! (Or around $300 with some TLC)