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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Garry Musgrove photo

Garry Musgrove

0429663026
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Kurt Musgrove photo

Kurt Musgrove

0497281475
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