Newcastle has seen a MASSIVE growth in population inflow and increases in property value and Mayfield is one of the most desirable suburbs North of the city.
This 4 bedroom, 2 bathroom property represents a good addition to your annual income statement or can be an income earner whilst also providing your with a home for yourself and your family.
Centrally located close to transport in Mayfield East this renovated property combines trendy inner city living with a smart investment.
This property combines a 3 x 1 home with backyard and car space with a 1 x 1 trendy unit which is commonly referred to as a dual key investment property that can be used as
- a residence and investment,
- accommodation for extended family or a
- great investment with strong yield.
The 3 bedroom home has plenty of light, high ceilings and air conditioning while the 1 bedroom unit has open plan living and raised ceiling that provides a good rental income or can be used as an AirBNB.
The open plan living in the 3 bedroom home gives a cosy and comfortable feeling to eat and relax and the large main bedrooms are a sanctuary for privacy or quiet time.
After a full renovation this property has been rejuvenated and has new electrical wiring throughout and modern circuit board. Both bathrooms have been renovated and refreshed and the backyard is an inner city sanctuary when you have friends over.
Rental demand is very strong in Mayfield East and as an investment this property provides a strong rental return as well as good capital growth.
Great Location
Mayfield East is a small, tightly-held suburb next to Tighes Hill which has experienced phenomenal growth in the last few years because of it’s proximity to Newcastle City, shops, schools and parks. All the major shops are just a walk away and there are many great schools available.
Being on the Northern side of Newcastle Mayfield is a short drive to the Newcastle airport and main arterial road north.
Great Growth
This trendy area has gone through a transformation which includes a new Coles shopping centre development new petrol stations and all modern services.
Large Renovation
Brand new electrical wiring, switches etc
The property has been completely renovated, including brand new electrical wiring and switchboard with safety switches.
The two properties are separately metered.
There are two renovated bathrooms. The 3 bedroom house at the rear was completely renovated, including brand new bearers and joists.
The front 1 bedroom unit bathroom has been re-tiled and has a new vanity and toilet.
The old kitchen and flooring were removed and repaired including flooring and a brand new kitchen.
The rear 3 bedroom home is 100% electric and the front unit has gas cooking.
Each house has a split air conditioning system with remote control and there are ceiling fans in most rooms.
Fibre to the building NBN connection gives residents one of the fastest Internet experiences possible.
Cosy, Inner city entertaining area
The large renovation included a complete remodelling of the rear of the property to provide a large parking area as well as a private inner city sanctuary for the tenants or new residents.
High Density Zoning
This property is zoned R4 which is residential high density and the two separate dwellings provide a great return but also a wider range of opportunities to increase value in the future.
On-Market
This property is currently available for sale so we are taking expressions of interest from property investors and their advisers.
Please send us an email to enquiry about this investment property