With 2 properties on the one title…both tenanted and renting for a combined total of $770 a week…this could be the investment property you are searching for. On a block totaling 629 sqm in the heart of Jesmond you will find two separate houses – one consisting of 3 bedrooms, the other with 2 bedrooms. Both have their own fenced yards, off-street car parking and loads of potential!

The front house has a sun drenched screened porch and closed in space at the back ideal as an outdoor entertaining area. It has off road parking for at least one vehicle and split system air conditioning. The second home is larger – with 3 bedrooms – and both houses, while on the same title, have separate and distinct family and pet friendly gardens and yards.

In a hot rental market this is simply a smart purchase. This double property is situated just two minute’s drive from the University of Newcastle with its cohort of some 37 000 + domestic and international students. It is just 6 minutes to the Calvary Mater Hospital and 10 minutes to the John Hunter Hospital. Take an easy 4 minute stroll to Jesmond Central with its huge range of specialty stores, supermarkets, post office, and a wide range of dining options – including Thai, Indian, Chinese and the newly renovated Hotel Jesmond for a great Aussie pub meal!

– Two separate properties on the one title
– Current rental income of $770/week across both houses
– Properties currently tenanted and sure to always be in demand in a tight Newcastle rental market
– 2 bedroom home at the front and 3 bedroom property at the rear
– Separate fenced yards and gardens with established trees offering privacy
– Off street parking for both houses – rear property has large covered carport
– 2 minutes to the University of Newcastle – perfect for for the uni student rental market
– 4 minute walk to Stockland Jesmond with its plethora of dining choices, takeaway, speciality stores and supermarkets
– 4 minutes walk to Post Office, the famous Jesmond Fruit Barn and the recently renovated and extended Hotel Jesmond
– Several schools within walking distance – including Callaghan College and Heaton and Jesmond Public Schools


Outgoings:
Council Rates – $1,996 approx. per annum

Disclaimer:

All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.