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

Agent Details

Garry Musgrove photo

Garry Musgrove

0429663026
View Profile
Kurt Musgrove photo

Kurt Musgrove

0497281475
View Profile