This property is an ideal first investment property for Sydney or Melbourne investors who have equity in their own home or some savings and the goal to be a property investor.
It’s an ideal investment because the total price of the pre-development property is under $400,000 and it comprises a house with rental income and a large backyard with side driveway access.
DA Approved for Secondary Dwelling (Granny Flat)
A secondary dwelling or granny flat as they are commonly known is one of the best ways of improving the income earning and cashflow of an investment property and sadly these opportunities are very rare for first time investors in the major capitals because of the high cost of buying a house on land.
42 Wakool St Windale is located close to everything (schools, beaches, shops, hospital and Newcastle city) and is going through some gentrification with a new retail shopping centre being built my Lake Macquarie Council.
Improvements have already been made to both the property and the lease to enable a property investor to follow a clear path to an investment in house and land with 2 incomes.