92 Myall Road, Cardiff NSW 2285

It is all about the extra stream of income at the moment and 92 Myall Road is a golden opportunity for investors looking to develop a dual income property. Even better…with an existing 5 bedroom house currently tenanted, and with rental potential of $650 - $690 per week, you will already be banking an income while developing the second abode. With the Newcastle rental market showing no signs of abating a 2 bedroom granny flat built at the rear of the property could possibly garner a further $450/week.

Alternatively, this is a rare chance for a family looking to develop a second home on this property – either as an additional source of income or for Nana and Pop to be close! The current 5 bedroom house sits on a huge, elevated block with side access that allows for easy construction of a second house. It boasts two living areas, an open plan kitchen/dining area with a study nook, two and a half bathrooms, air conditioning and fans throughout, as well as a large covered entertaining deck overlooking the huge backyard currently home to a large shed.

The location of this property would further endear it to tenants, or to a busy family, situated as it is, within easy walk of primary and high schools and just a few minutes to either Charlestown Square or Westfield Kotara. Head down to the lake on the weekends - Warners Bay is a quick 10 minute drive – or grab a towel and make for the beach as stunning Merewether with its azure waters and brilliant surf breaks is just 13 minutes away.

- 5 bedroom house – all with built in closets and master with its own ensuite
- 2 bathrooms and additional toilet
- Large covered entertaining deck looking over the spacious backyard
- Huge 866 sqm block
- Easily subdivided or simply build an additional home or designer granny flat on the one large property
- 1 minute in the car or a 15 minute walk to drop the kids to Garden Suburb Public School and easy stroll across the road to Cardiff High
- 2 minutes to the Inner City Bypass
- 5 mins to Charlestown Square and 6 minutes to Westfield Kotara for shopping, cinemas and services
- 10 minutes to Warners Bay and the shores of Lake Macquarie
- 10 minutes to Glenrock State Conservations area and 13 minutes to Merewether Beach

Outgoings:
Water rates: $844.47 approx per annum
Council rates: $1,934 approx per annum

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