This property is worth attention by investors that are wanting to achieve positive returns. In the home there are seven bedrooms with a gross return of $1010 per week when fully tenanted plus there is a council approved granny flat returning a weekly rent of $320. The combined gross return is $1,330 per week when fully leased.
A recent complete kitchen renovation and earlier bathroom update have modernised the home's interior. Spacious, with plenty of cupboard & bench space, the kitchen offers electric cooking & breakfast bar. As well as the main bathroom at the front of the property there is a combined bathroom/laundry toward the rear. There are seven good sized bedrooms in the main dwelling with residential leases on each bedroom.
The granny flat is a large, single bedroom, fully self contained flat with exceptional rental history. Having gone through complying development will optimise the prospects for receiving continued returns.
Ideally positioned near Newcastle University, Jesmond shopping centre and public transport,
this home is managed professionally by Reece Realty on an ongoing basis so take advantage of the strong growth in this area.
To organise an inspection contact exclusive listing agent Allen Reece on 0409 814 400 or speak to the sales department on 4950 2025