An exceptional opportunity for savvy investors—this dual occupancy property delivers immediate returns and long-term growth potential. Featuring two separately leased dwellings, it includes a character-filled three-bedroom home and a fully council-approved, modern two-bedroom granny flat completed in 2018.
Currently generating a combined rental income of $900 per week, with rent reviews in place to increase this to $1,000 per week, the property offers:
Current yield of 5.08%
Projected yield of 5.65%
Leases secured until mid-2025 and mid-2026
Key Investment Highlights:
Fully approved dual occupancy setup
Low-maintenance, high-return asset
Strong tenant demand in a suburb with a 0.66% vacancy rate
Impressive 198% capital growth over the past 10 years
Close to Budgewoi Lake, schools, shops, and public transport
Ideal location halfway between Sydney and Newcastle
Location Features:
Just 500m to Budgewoi Lake and walking tracks
360m to Northlakes Public and High Schools
2.5km to Lake Haven Shopping Centre
Easy access to hospitals, transport, and major arterial roads
Outgoings:
Council Rates: approx. $1,978 p.a.
Water Rates: approx. $2,126.08 p.a.
Rental Details:
House: $480/week (lease to June 2025)
Granny Flat: $420/week (lease to July 2026)
Proposed increases: $540 & $460/week respectively
With a secure rental income and excellent growth credentials, this is an investment you can count on. Contact us today to arrange a private inspection or request further details
