Those looking for a high yield investment, offering a gross return of around 5% with nothing to do, will be drawn to this 3 bedroom home with separate 2-bedroom granny flat. Set on a large flat block with rear lance access, each home is fully fenced offering privacy and an almost equal yard allocation for each dwelling.
Currently on one title, both homes are rented to long term tenants providing a stable income. Moving forwards the options are many, continue to rent both dwellings and enjoy a solid return, move into one and rent the other or potentially subdivide to create two separate titles (STCA).
The main 3-bedroom residence features:
– High ceilings, tiled floors, air conditioning, town gas outlet and ceiling fans in the entry and living room
– Master bed with ensuite, WIR, carpet and ceiling fan
– Large kitchen with timber doors, stone benchtop, separate oven, and cooktop
– Large sliding door access onto the timber rear deck
– Main bathroom with tub and floor to ceiling tiles
– 5.8m x 6.2m shed and fully fenced, flat rear yard
The 2-bedroom granny flat is approximately 6 years old and includes:
– Tiled kitchen and living room with high ceilings, ceiling fan and split system air conditioner
– Two good sized bedrooms with built in robes, ceiling fans and plush carpet
– 6.0m x 3.0m garden shed plus 6.0m x 9.0m 2 bay garage with studio
– Gated car access via the rear lane, with a fenced path to access Greta Street by foot
– Modern bathroom with separate WC and internal laundry
Located only a few minutes’ drive from Cessnock’s main street and town centre, Aberdare enjoys the conveniences of local pubs, shops, hardware stores, and fitness centres. A few minutes further by car is Lovedale and Pokolbin, with numerous vineyards, cafes, and restaurants. Families also enjoy walking distance access to various sporting grounds, tennis courts, and local schools. These features have proven popular with renters in the past and should ensure stable income in the future.
