Flexible Options & Opportunities
This is not your average everyday property, endless opportunities exist here! The property built in the early 1900’s features a unique shop front and existing dwelling that has been converted into two self-contained flats.
The front home features three bedrooms and would lease for $450 to $470 per week. The rear flat features two bedrooms and is leased for $345 per week. Potential total gross return of $795-$815 per week.
An ideal investment, either lease out completely or live in one and rent the other. The choice is yours.
Other features include double garage and a recently painted exterior. Period features throughout the existing residence and contemporary finish at the rear.
Total land area is 455m2 approximately. Located minutes to University and on the bus route to Newcastle CBD.
Much of the beauty of Mayfield lies in its undeniable convenience and this address is perfectly situated to enjoy all of the area’s riches. Easy for the kids with several schools under two kilometers away and Waratah Train Station close by for access to the city and beyond. Shopping is a breeze with three major supermarkets nearby and a bustling local café and restaurant scene will keep you entertained day and night. Away from the busiest stretches you’ll find a quieter side of Mayfield, but always within easy reach.
Contact us today to arrange an inspection.