Presenting an exciting opportunity for savvy investors seeking an established dual-income property, this versatile Shortland offering delivers two separately tenanted residences on one generous 885m² parcel. With a combined potential rental return of $1,120 to $1,200 per week, this is an appealing opportunity to secure an income-producing asset with the added advantage of two independent living arrangements.
Positioned towards the front of the property, the main residence offers generous accommodation with four bedrooms plus a separate study, providing ample space and flexibility. A central bathroom is complemented by a separate laundry with an additional toilet, adding everyday practicality.
A welcoming covered wraparound walkway provides a charming introduction to the home, accessible via the front gate or side steps. Recent improvements include fresh exterior and partial interior painting, newly landscaped grounds, a fresh gravel driveway and newly installed front fencing with a lockable gate. Four off-street parking spaces are located within the secure, fully fenced grounds, while generous under-house storage provides further functionality.
Privately positioned towards the rear of the block, the detached two-bedroom granny flat provides the property's second established rental income stream. Complete with its own bathroom, an additional toilet, laundry facilities and valuable under-building storage, this separate residence offers comfortable and practical accommodation.
A particularly appealing aspect of this property is the independence afforded to both existing tenancies. Each residence enjoys its own access and separately fenced backyard, providing the current occupants with their own private outdoor space and a sense of separation between the two homes. This practical arrangement supports the established dual-tenancy setup while offering investors the benefit of two individual rental income streams from a single property.
Set on a substantial 885m² allotment with huge 22 meter frontage, the property combines generous land size, established tenancies and recent exterior improvements with the opportunity to generate income from both dwellings.
Location further enhances the property's investment appeal, with Shortland offering convenient access to the University of Newcastle's Callaghan campus, local shops, schools and public transport. Nearby Jesmond Central provides a range of shopping and everyday conveniences, while the Calvary Mater and John Hunter hospitals are also within easy reach. Newcastle CBD, surrounding employment hubs and the region's beautiful beaches are accessible by car, adding to the suburb's appeal as a practical and well-connected place to live.
For investors looking to expand their portfolio, diversify rental income or secure a property with an existing dual-tenancy arrangement, this Shortland offering presents an opportunity worthy of serious consideration.
Two residences, two established tenancies and one substantial landholding. An investment opportunity with income potential from day one!
Property Highlights
* Generous 885m² landholding accommodating two separate residences
* Established dual-income investment
* Combined potential rental income of $1,120 to $1,200 per week
* 22 meter wide frontage
* Main bathroom, separate laundry and additional toilet to front residence
* Inviting covered wraparound walkway with front and side access
* Freshly painted exterior and partially refreshed interiors
* Newly landscaped grounds and fresh gravel driveway
* Newly installed front fencing and lockable access gate
* Four off-street parking spaces within secure, fully fenced grounds
* Generous under-house storage to the main residence
* Detached two-bedroom, one-bathroom granny flat positioned at the rear
* Additional toilet and laundry facilities within the granny flat
* Valuable under-building storage to the rear residence
* Separate access and individually fenced backyards for both dwellings
* Convenient location close to the University of Newcastle, local schools, shopping centres, hospitals and public transport
* Two existing tenancies providing an established dual-income investment opportunity
Zoning: R2 Low Density Residential
Land Area: 855sqm approx
Council: Newcastle
Land Rates: $2402pa approx
Water Rates: $901pa approx
We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. Photos maybe digitally edited and include virtual furniture.
