8 Stephen St

Wauchope NSW 2446

195 m²

House

Currently for sale - view listing

Overview

Two Incomes. One Title. $1,195 Per Week.

Positioned on a single title with two separate street addresses and two independent income streams, this modern dual-income property presents an outstanding opportunity for investors. The property comprises a spacious four-bedroom main residence at 8 Stephen Street together with an approved two-bedroom secondary dwelling at 19 Morton Street, both currently leased and generating a combined rental return of $1,195 per week. 8 Stephen Street – 4 Bed | 2 Bath | 2 Car The main residence offers generous, modern family living with four bedrooms, two bathrooms and a double lock-up garage. Currently leased at $700 per week until 4 July 2027, the home provides excellent income security with a long-term tenancy already in place. Air conditioning, ceiling fans and contemporary interiors add to its comfortable, low-maintenance appeal. 19 Morton Street – 2 Bed | 1 Bath With its own separate street address, the approved secondary dwelling comprises two bedrooms and one bathroom, providing an independent residence and second rental income. Currently leased at $495 per week until 4 November 2026, it creates an additional established income stream without the need to purchase or maintain a second property. Completed in 2022 and built by Adenbrook Homes, the property is only approximately four years old, offering the benefits of modern construction and a low-maintenance proposition – particularly appealing for investors looking to avoid the upkeep often associated with older dual-income properties. Together, the two residences generate an impressive $62,140 in gross rental income per annum, providing immediate returns from settlement. Property Highlights - 8 Stephen Street – 4 bedrooms | 2 bathrooms | double garage - 19 Morton Street – 2 bedrooms | 1 bathroom - Two separately leased residences on one title - Two separate street addresses – 8 Stephen Street & 19 Morton Street - Combined 6 bedrooms and 3 bathrooms - Combined rental income of $1,195 per week - Approx. $62,140 gross rental income per annum - 8 Stephen Street leased at $700 per week until 4 July 2027 - 19 Morton Street leased at $495 per week until 4 November 2026 - Built by Adenbrook Homes - Completed in 2022 – approximately four years old - Approved main dwelling and secondary dwelling - Double lock-up garage to the main residence - Garden shed to the secondary dwelling - Air conditioning and ceiling fans - Modern, low-maintenance investment with established tenants in place For investors searching for strong existing income, two independent tenancies and six bedrooms across two residences on one title, this is an opportunity that deserves serious consideration. Disclaimer: All information contained herein is obtained from property owners or third-party sources which we believe are reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested person/s should rely on their own enquiries.