59 Lorna Street, Waratah NSW 2298

Peel back a few layers and you will discover that this home has a lot to offer. One of 5 in a row on Lorna Street, it was built for BHP senior managers in the 1930's. It was built by the King Brothers, a prestigious quality builder at the time.

Deceptively spacious, it features large rooms, timber floors and high ceilings. Most of the art-deco features have been well preserved including one of the most amazing ceiling features you will ever see.

Features include:
- 4 Bedrooms - with an option to turn the lounge into a fifth
- 2 bathrooms
- Front and rear sunrooms - extending the living area options
- North facing, rear deck - overlooking the yard
- Heaps of storage under the house
- Off street parking for 3 cars

Other recent improvements include new stove, new hot water service, bathroom membrane, roof repairs and new WC.

The property has a solid rental history with the lease expiring soon. There is scope for a rental increase with minor cosmetic improvements. For the investor, the floor plan allows it to be easily configured as a 2 x 2 bedroom flats (subject to NCC approval), further improving the rental yield.

The home may be positioned on a busy road, but inside, you will hardly hear any traffic. The location also makes it extremely close to the hospital (literally across the road) as well as the University which is a short 10 minute walk away. For the investor this allows for the option to rent the property out by the room.

With a bit of a tidy up, you'll discover this property is well-maintained and in good working order, making it a real gem. For further enquiries or to arrange an inspection, please contact Dave Lane on 0415 33 22 82.