A solid dual-income opportunity, this Federation cavity brick period home is already doing the hard work for you. Configured as two self-contained flats and returning a combined $1,010 per week, it's the kind of investment that starts paying its way immediately, with scope to enhance the internal spaces and add value when you're ready.
Currently set up as a two-bedroom unit and an oversized one-bedroom unit with a generous sunroom and separate lounge and dining zones, the layout invites a range of smart next moves. Hold and enjoy the strong yield, refresh with contemporary kitchen and bathroom upgrades to push returns further, or take advantage of the home's high ceilings, excellent bones and prized north-east aspect to reimagine it as a stunning family home. Positioned on a corner block, its privately screened by established greenery and complete with a single garage accessed from Rifle Street, it pairs character and privacy with long-term upside in a superb Adamstown lifestyle location.
Local cafés, shops and The Nag's Head Hotel are just footsteps away for your morning coffee, quick grocery run or an easy afternoon catchup at various pubs and the Adamstown Bowling Club. The Junction sits only 3.5km from your door, Merewether Beach is under ten minutes away, and Westfield Kotara plus Glenrock and the Fernleigh Track keep shopping, dining, and outdoor escapes firmly within reach.
- Cavity brick and tile home on 371.9sqm block on corner of Rifle Street
- Two bedroom residence currently returning $550pw
- Spacious one bedroom residence with garage returning $460pw
- For investors, there is clear scope to modernise and increase rents
- Family buyers will see value and scope to renovate and convert back to a beautiful home
- Original features include ornamental fireplaces, ornate plaster ceilings, picture rails
- St Columba's Primary 350m, Adamstown Public 1km, Trinity College 1.3km, Kotara High 2.7km
- Honeysuckle 6.5km
- Water rates are approximately $948 per year
- Council rates are approximately $2,619 per year
- Rental potential of $1,010 per week
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
