Just 500m from the University of Newcastle, this is the kind of asset investors chase but rarely secure. Configured as three separate dwellings, it's already proven its earning power with a combined return of $1,395 per week, and with vacant possession, you've got the flexibility to reset, re-lease or optimise from day one.
Two well-presented three-bedroom units sit under one roofline with updated kitchens and bathrooms, while a separate one-bedroom granny flat at the rear adds a third income stream with scope to further value-add and lift returns.
The proximity to UoN and Calvary Mater Hospital keeps demand strong and consistent, while easy access to the CBD, beaches, M1 and Jesmond Central only strengthens the long-term growth story. This is smart investing with immediate income and upside still on the table.
- 600.7sqm block
- Front 3-bed unit freshly painted with new carpet to bedrooms, updated kitchen/bathroom
- Off street parking and shared laundry
- Rear 3-bed unit, updated kitchen/bathroom
- Private one bedroom granny flat with kitchenette and scope to update
Waratah West Public School – 1400m, Corpus Christi – 2.1km, St Philip's – 2.5km, Callaghan College Jesmond – 3.1km, Callaghan College Waratah – 3.1km,
CBD, beaches and Jesmond Central shopping.
Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.
