Positioned on a prominent corner block with separate access from both Gutherie Crescent and Flemming Street, this modern Torrens title, semi-detached dual-key residence on one title presents a compelling opportunity for investors seeking immediate dual income, long-term growth and strong depreciation advantages. Constructed in durable brick and Colourbond and approximately six years young, the property is designed for low-maintenance ownership while delivering two fully self-contained residences with independent driveways, private courtyards and excellent tenant appeal.
Currently returning a combined income of $1,020 per week and representing an approximate 4.4% yield, the property is leased to quality tenants on both sides, with clear scope for further rental growth in line with recent market movement over the past six months. The modern age of the home also provides outstanding depreciation benefits, enhancing overall after-tax performance and making this an ideal addition to a long-term investment portfolio.
The residence facing Flemming Street, known for dual occupancy purposes as 15 Flemming Street as per the current lease, offers three generous bedrooms with built-in wardrobes, two well-appointed bathrooms including a main with a deep soaking bath, and a double remote garage. The heart of the home is an open-plan tiled living, meals and kitchen zone featuring stone benchtops, a breakfast bar, dishwasher and gas cooktop, complemented by ceiling fans to the bedrooms and reverse cycle split system air conditioning. A covered alfresco area flows seamlessly to a private, low-maintenance courtyard, providing strong appeal for long-term tenancy.
The residence facing Gutherie Crescent delivers a well-designed two-bedroom layout with built-in wardrobes and ceiling fans, a central main bathroom, and a single carport that can also function as covered entertaining if required. The open-plan tiled kitchen, meals and living area features stone benchtops, a dishwasher, gas cooktop and an integrated laundry space, all opening to a private, easy-care courtyard that enhances tenant comfort and low-maintenance living.
Conveniently located, the property sits approximately nine to ten minutes’ drive from both Maitland Public and Private Hospitals, with major shopping, dining and everyday amenities available at Stockland Greenhills. Newcastle CBD and its world-renowned beaches are within an approximate 33-minute drive, while Sydney is accessible in around two hours via the M1, making this a highly connected and desirable location for tenants.
Offering dual income from a single Torrens title, modern construction, strong tenant demand and attractive tax and depreciation benefits, this investment stands out as a high-performing, low-maintenance asset delivering income today with growth potential for tomorrow.
This property is proudly marketed by The Mick Haggarty Team. Contact 0408 021 921 or 4933 5544 for further information or to arrange a private inspection.
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Disclaimer: All information provided is from sources we believe to be reliable; however, we cannot guarantee its accuracy, and prospective buyers should conduct their own enquiries.
