35 Nerida Avenue

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 setupLow-maintenance, high-return assetStrong tenant demand in a suburb with a 0.66% vacancy rateImpressive 198% capital growth over the past 10 yearsClose to Budgewoi Lake, schools, shops, and public transportIdeal location halfway between Sydney and Newcastle Just 500m to Budgewoi Lake and walking tracks360m to Northlakes Public and High Schools2.5km to Lake Haven Shopping CentreEasy access to hospitals, transport, and major arterial roads Council Rates: approx. $1,978 p.a.Water Rates: approx. $2,126.08 p.a. 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