Cessnock Investment Opportunity - $750per week Return

Fully renovated, this original period home has been well thought out from an investment point of view, maximising the return with a 3-bedroom 1-bathroom home as well as a separate 1-bedroom 1-bathroom studio, each with their own driveway, carport and private backyard providing a weekly gross return of $750 per week with long term tenants in place.

The main house features original polished timber floors, while the rest of the house has been tastefully renovated with a stunning cathedral ceiling in the main living and kitchen area with downlights and a light and modern colour palette flowing through the home. The contemporary kitchen has a large breakfast bar with granite benchtops and lots of storage. A well-designed bathroom is combined with the laundry at the rear of the house with easy access to the backyard. All three bedrooms are a good size, and each has built in wardrobes and a ceiling fan while a reverse cycle air conditioner is in the main living room. 

Clever in design, the separate studio is compact while still providing a decent size kitchen, bathroom and bedroom, and a good size backyard with undercover area. The studio is renovated very similar to the main house on a smaller scale with the original timber floors, downlights and same quality kitchen and combined laundry/bathroom. Both the studio and main house have a separate outbuilding in the yard for storage or possible office spaces, and a single carport at the front.

Separately metred with town gas, water and electricity, the property is a great low maintenance investment to bring in a passive income for the astute investor. Situated within walking distance to Cessnock CBD (2km), the property is an ideal rental on a quiet street with neat quality homes surrounding.

 

Key points:

-       Council Rates: $1780 per annum (approx.)

-       Current Gross Rent Return: $750 per week

-       Land Size: 379sqm

4 2 2 379 m2
Suburb Cessnock
Price GUIDE: $850,000
Property Type Residential
Property ID 398
Category House
Land Area 379 m2

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Agent Details

Garry Musgrove photo

Garry Musgrove

0429663026
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Kurt Musgrove photo

Kurt Musgrove

0497281475
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What our clients say

Kurt made the whole process very easy. Highly recommended.

Jarred T

Kurts Knowledge of the area was tremendously helpful, would recommend Kurt and Gary to any propective buyers.

David D

Kurt represented us in our most recent sale - an acreage property in Laguna. We were more than delighted with his commitment to our campaign, he was enthusiastic and completely engaged. Nothing was too...

Emma G

Kurt’s role was pivotal in achieving a successful sale of my 45ha property shortly after listing. His market knowledge, patience and communication with both seller and buyer was excellent I would highly...

Peter F

Kurt has been an absolute pleasure to deal with. His knowledge and genuine care has made the process seamless. Any questions were answered quickly and with detail. Thank you Kurt and Musgrove Realty.

Andrew C

Kurt understood the current market and communicated the opportunities realistically. Kurt worked diligently to find the right match for the property.

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