Located just 200 metres from the University Campus, this property is ideally suited to the astute investor or large family. Packed with features, as well as future opportunities, this is one not to be missed.
For the investor, the University is a huge drawcard for tenants. If you don’t know the area well, the lack of nearby parking ensures tenants will pay a premium to be able to walk from home to classes. And with less than a two-minute stroll, it doesn’t get closer than this!
With nearby rooms rented out in the vicinity $140 - 180 p/week per room, there is scope to see a $850 gross return each week. With a little more capital, you could utilise the large flat yard to add a 2 or 3 bedroom granny flat to further boost returns (STCA). The going rate for these has been $350 - $380 per week depending on the quality of the fixtures and fittings. Rent them by the room and the return will be stronger still.
Why have your spare funds sitting in the bank earning little to no interest when you can potentially get a 6-8% yield?
For large family’s looking to relocate, this home is also something to consider. With plenty of room inside and out, not to mention the sun-drenched pool and half tennis court, this will be loved by the whole family. If you outgrow the property in the future it will remain a premium asset to hold onto and rent out for many years to come.
Highlights:
- 5 bedrooms
- All bedrooms with digital locks, ideal for renting by-the-room
- Some furniture included, subject to negotiation.
- Two bathrooms
- Plenty of storage and study space
- Covered alfresco overlooking backyard
- North-facing 575m2 block (approx.)
- Inground swimming pool
- Tennis court – half size
- Off street parking for multiple cars
- Close to local schools, transport options, Mater and John Hunter Hospitals
- Easy access to Newcastle Bypass
- 12-minute drive to CBD & iconic Newcastle beaches
Social distancing guidelines will be followed at all inspections. As a result, if there are a large number of people in attendance, there may be a small delay. We ask that you respect our processes when visiting so that we can keep our community safe. We ask that you refrain from touching items inside the home during inspections. If you have any cold/flu-like symptoms, or recently visited one of the government declared hotspots, we kindly ask you to stay at home.
For more info and inspections contact Dave or Bec 4967 6770
