Dual income investment with classic two bedroom home plus granny flat

A smart dual-income opportunity with plenty of flexibility built in, this Georgetown property pairs a classic two-bedroom home with a modern two-bedroom granny flat on one title. Whether you’re looking to maximise rental returns with an estimated combined income of $1150 per week, live in one and lease the other, or keep extended family close without sacrificing independence, the setup adapts easily to changing needs.

The original home holds onto its character beautifully with polished timber floors, picture rails, ornate cornices and generous room proportions creating warmth and personality throughout. Air-conditioning and ceiling fans add everyday comfort, while the covered entertaining area and fenced backyard give you an easy outdoor space for relaxed weekends, kids or pets.

Privately positioned at the rear, the granny flat brings a more contemporary feel with open plan living, split-system a/c and a stylish Caesarstone kitchen fitted with gas cooking. Low-maintenance surrounds make it ideal for tenants, downsizers or multi-generational living, while dedicated carports for both residences add extra practicality.

Set in a peaceful Georgetown street, the location keeps everyday convenience close at hand. Walk to local shops and George Café for your morning coffee, with Waratah Village, schools and parkland nearby. Waratah Station and regular bus services make commuting simple, while Newcastle CBD, harbour dining and Merewether Beach are all within easy reach.

– 538.7sqm block
– Classic 2-bedroom home with timber floors, a/c, electric-equipped kitchen, shower bathroom with separate w/c, covered entertaining area, garden, carport, returning $600pw leased until 29/10/26
– Modern 2-bedroom granny flat, open plan design, gas-equipped kitchen, a/c and ceiling fans, small lawn area, carport, returning $550pw leased until 8/7/26
– Moments to Waratah Village, a choice of schools, Waratah Station, Mater Hospital, University of Newcastle, 5km to Newcastle city centre, harbour, beaches

Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.