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Description: An outstanding opportunity for the astute investor, this modern dual key residence set on a single title under dual occupancy delivers immediate income, long-term security and strong depreciation benefits. Approximately 2.5 years old, the property is currently fully leased to quality tenants on fixed-term agreements, returning a combined $990 per week, representing an attractive approx. 4.7% yield per annum on return.
Built with low-maintenance living in mind, the home remains covered by the NSW statutory structural builder’s warranty, offering peace of mind well into the future, while also providing the added advantage of lengthy depreciation schedules still available.
The larger residence comprises three well-appointed bedrooms, including a master suite with walk-in robe and ensuite, built-in wardrobes to remaining rooms, a modern main bathroom, open-plan living, meals and kitchen zone, gas cooktop, ceiling fans, air conditioning, a private alfresco area, fenced low-maintenance courtyard and single lock-up garage.
The second semi-detached dwelling offers a highly appealing two-bedroom layout, featuring built-in wardrobes, a central bathroom, open-plan living, meals and kitchen, gas cooktop, ceiling fans, air conditioning, its own alfresco entertaining area, fenced low-maintenance courtyard and single garage—a configuration consistently in demand with tenants.
Positioned in a quiet coastal township, the location further strengthens the investment appeal, being just a 3-minute drive or 10-minute walk to the Karuah River foreshore, approximately 20 minutes to Raymond Terrace or Tea Gardens, 26 minutes to Newcastle Airport, and around 52 minutes to Newcastle’s renowned beaches. Local shops, services and amenities are all close at hand, ensuring ongoing tenant demand.
Offering dual income on one title, modern construction, strong returns and a lifestyle-driven location, this is a high-quality, set-and-forget investment with immediate cash flow and long-term upside.
This property is proudly marketed by The Mick Haggarty Team. Contact 0408 021 921 or 4933 5544 for further information or to arrange a private inspection.
First National Maitland – We Put You First.
Disclaimer: All information provided is from sources we believe to be reliable; however, we cannot guarantee its accuracy, and prospective buyers should conduct their own enquiries.
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