Investment Gem with Future Potential

Auction Location: On-Site

Currently configured as three one-bedroom units, this classic weatherboard property guarantees a fruitful addition to your investment portfolio, returning a combined $900 pw/$46,800 pa.

With long term tenants on current leases, consider embracing the status quo or seize the chance to increase the property’s value through renovations that could boost the rental income. Positioned on a north facing 436.6sqm block, another option is to renovate and convert back to a single dwelling or wipe the slate clean and start again with a brand new home in an inner-city suburb showing tremendous growth (STCA).

From here walk to the weekly Farmers’ Market, the Entertainment Centre, Hamilton North Public School, and Beaumont Street, or take city-bound transport directly into the CBD. There’s a choice of gyms and cafes nearby as well as Tighes Hill TAFE. Smith Park and Hamilton North Bowling Club are two blocks away, and for groceries, the central location is between Broadmeadow and Waratah Village.

– 436.6sqm north facing block with approximate 12m frontage and R2 zoning
– 3 x 1 bed units with bathroom, a/c, electric kitchen, parking, shared laundry
– Central to Waratah Village and Broadmeadow shopping centre
– McDonald Jones Stadium less than 1km
– Georgetown Road cafes and retail an easy 1km stroll
– Beaumont Street just 1600m away
– 3km to Newcastle Interchange, 5km to Bar Beach

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.