Auction Location: 2/16 Telford Street, Newcastle East & Live via Buy.Realtair.com
Nestled in a quiet, elevated pocket bordered by nature reserves, this versatile dual-living property offers an enticing proposition just a short drive from the vibrant lakeside lifestyle of Warners Bay. Whether you're an investor seeking strong returns with value-add potential, or a first home buyer looking for an affordable path to home ownership, this property is an exceptional find.
The home is currently configured as two fully self-contained units, each with private amenities along with a modern garage at the rear. For investors, it's a ready-made opportunity. Unit One is tenanted by a reliable long-term resident keen to stay, while Unit Two is freshly presented and ready to lease. With a combined rental estimate of $835-$885 per week, the property provides an attractive income stream from day one. For first home buyers, the dual-occupancy layout offers a future-proof solution – you can live in one unit and rent the other to offset the mortgage, then later convert the home back into a spacious single residence as your needs evolve.
Unit One is largely original, featuring polished timber floors, high ceilings, and a sunny north-facing verandah. The layout includes two bedrooms, a good-sized lounge, an original kitchen with meals area, as well as a bathroom, separate laundry and toilet. Currently tenanted at $385 per week, this dwelling offers immediate rental income with potential to add value over time.
Unit Two is freshly painted and move-in ready, featuring two spacious carpeted bedrooms, a comfortable living area, a smart u-shaped kitchen and a bright bathroom. The level fenced backyard, exclusive to this unit, features lush lawn space, and private access to a modern garage with laundry facilities. Here, first home owners will relish the chance to turn this blank canvas into a haven for entertaining, or a secluded play-space for kids and pets.
It's convenient too. This address enjoys a well-connected location with everything you need close at hand. It's only 8 minutes to Warners Bay Village, with its vibrant mix of cafes, boutiques, and specialty shops, plus lakeside spaces perfect for relaxing or getting active. Families will appreciate the proximity to Cardiff Public and High Schools, as well as numerous parks and playing fields. Major shopping hubs like Westfield Kotara and Charlestown Square are less than 10 minutes away, while the stunning beaches of Merewether, Dudley, and Redhead are just a 20-minute drive. For commuters, it's a seamless trip to the Bypass and a short walk or drive to Cardiff Station.
Don't miss this rare opportunity to secure a versatile, income-generating property in a peaceful location with growth potential. Inspect today!
Features include:
Front Unit:
- Original interior featuring high ceilings, polished timber floors and a north-facing aspect.
- Spacious lounge and original kitchen with adjoining meals area.
- Two good-sized bedrooms.
- Bathroom with bath/shower combination, plus separate laundry and toilet.
- Sunny north-facing front verandah overlooking the fenceable front yard.
- Opportunity to add value with updates over time.
- Currently tenanted at $385 per week with long-term tenant wishing to stay.
Rear Unit:
- Freshly painted, light-filled and in move-in ready condition.
- Comfortable carpeted living area.
- Two spacious bedrooms.
- Modern-style u-shaped kitchen with good-sized pantry.
- Bright bathroom with bath/shower combination.
- Private, fenced backyard.
- Rental appraisal of between $450-$500 per week.
General Property Features:
- Dual-living layout offering flexibility for investors or first home buyers.
- Modern garage with laundry facilities.
- Generous, elevated and private block in quiet pocket near nature reserves.
- Potential conversion back to a spacious single residence over time.
Outgoings:
Water rates: $918.27 approx per annum
Council rates: $2.466.4 approx per annum
This property is being sold under the Friendly Auction System.
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.
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.
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