This four bedroom home is extremely well located within easy walking distance to Newcastle University and Jesmond Shopping Centre. It has a rental history of $540 per week leased as separate rooms with the potential of converting a fifth bedroom and securing an income of $690 per week. Also see below for attractive leaseback offer, with no need to find a tenant for the first 25 weeks!
Being located on a corner allotment on Newcastle Road, gives you easy access to the property off Chalmers Road, and all the conveniences of a main road, with bus stops on your doorstep and ability to walk to the shops. The beauty of this property is the solid double brick which not only insulates against traffic noise but is also a great energy cost-saver reducing heating and cooling bills.
The home is ideal for student accommodation or a beautiful home for the first home buyer with period features including ornate ceilings and polished floorboards.
The 379sqm block is easily maintained, fully fenced and there is off street parking for two vehicles, one carport and additional car space.
This property is priced in the range that makes it a great affordable investment, possible superannuation fund investment of a first home in a growing and thriving location.