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Multi-family home (For sale)
14 bd
6 ba
Reference:
EDEN-T101919125
/ 101919125
Reference:
EDEN-T101919125
Country:
AU
City:
North Lambton
Postal code:
NSW 2299
Category:
Residential
Listing type:
For sale
Property type:
Multi-family home
Rooms:
14
Bedrooms:
14
Bathrooms:
6
Located in the heart of North Lambton, this property offers the perfect balance of peace and convenience. With easy access to public transportation, Newcastle university entrance 100 meters from the front door, local shops, and popular restaurants nearby, your tenants will have everything they need right at their fingertips.
This property already generates strong rental return, with each unit providing an attractive rent annually. However, there is significant potential to increase returns further through targeted improvements. Minor enhancements, such as updating appliances, refreshing communal spaces, revamped flooring and painting could attract a higher ROI with increased demand amongst tenants seeking both convenience and quality. These value-add improvements offer an excellent opportunity to maximize rental yields in an already highly desirable location opposite the Newcastle University.
LAYOUT:
The main dwelling consists of 12 one-bedroom units + 5 bathrooms + communal laundry + communal kitchen and living room. The detached granny flat consists of 2 bedrooms + 1 bathroom + off-street parking.
RENTAL INCOME:
1/135 University Dr. (fy23/24): $101,757.15 (12 x beds)
2/135 University Dr. (fy23/24): $19,226.93 (2 x bed granny flat)
TOTAL P/A (fy23/24): $120,984.08
OUTGOING:
Council Rates: $3982.54 per annum
Water Rates: $2989.62 per annum
Electricity: $11,294.14 per annum
Gas: $507.30 per annum
Internet: $1000.00 per annum
Waste management: $1,792.50 per annum
INSPECTION TIMES:
Via appointment only.
Disclaimer: Whilst all information provided by OneThreeProperty@realty in the marketing of the property for sale or lease, the information provided is to the best of our knowledge, potential buyers are encouraged to carry out their own research. View more View less OneThreeProperty@realty is proud to present yet another golden opportunity to market.
Located in the heart of North Lambton, this property offers the perfect balance of peace and convenience. With easy access to public transportation, Newcastle university entrance 100 meters from the front door, local shops, and popular restaurants nearby, your tenants will have everything they need right at their fingertips.
This property already generates strong rental return, with each unit providing an attractive rent annually. However, there is significant potential to increase returns further through targeted improvements. Minor enhancements, such as updating appliances, refreshing communal spaces, revamped flooring and painting could attract a higher ROI with increased demand amongst tenants seeking both convenience and quality. These value-add improvements offer an excellent opportunity to maximize rental yields in an already highly desirable location opposite the Newcastle University.
LAYOUT:
The main dwelling consists of 12 one-bedroom units + 5 bathrooms + communal laundry + communal kitchen and living room. The detached granny flat consists of 2 bedrooms + 1 bathroom + off-street parking.
RENTAL INCOME:
1/135 University Dr. (fy23/24): $101,757.15 (12 x beds)
2/135 University Dr. (fy23/24): $19,226.93 (2 x bed granny flat)
TOTAL P/A (fy23/24): $120,984.08
OUTGOING:
Council Rates: $3982.54 per annum
Water Rates: $2989.62 per annum
Electricity: $11,294.14 per annum
Gas: $507.30 per annum
Internet: $1000.00 per annum
Waste management: $1,792.50 per annum
INSPECTION TIMES:
Via appointment only.
Disclaimer: Whilst all information provided by OneThreeProperty@realty in the marketing of the property for sale or lease, the information provided is to the best of our knowledge, potential buyers are encouraged to carry out their own research.