Newcastle has seen strong growth in population inflow and increases in property value and Mayfield is a desirable suburb North of the city and on the way to Newcastle Airport.
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.
Take advantage of this unique opportunity to buy into the fast-growing Mayfield East market with this charming property comprising a 3 x 1-bedroom home (with car space) + totally separate 1 x 1-bedroom unit.
First Home Buyer Note: With the new 5% deposit, no LMI and a tenant to help pay off your mortgage quickly, this property gives you a home in Mayfield East and an investment property – all in one purchase.
Your tenant will help you pay off your mortgage much faster or lease out one of the properties as an AirBNB for even more income and flexibility!
The entire property is zoned R4 residential high density in a part of Mayfield that has recently undergone significant transformation. This property is close to
- supermarkets (Woolworths and the new Coles),
- TAFE,
- Mayfield East Public School,
- Dangar Park,
- the bowling club,
- specialty shops and
- eateries and cafes.
The bus stops literally outside the front door on the route to Islington, Hamilton and Newcastle City – and in the opposite direction – a short trip to the Mater Hospital and University of Newcastle.
Separately metered
Both residences are separately metered and smartly updated. There is new electrical wiring throughout and an abundance of natural light, with potential to further renovate and make your own; provide extra space for extended family; or live in one and continue to rent, as is, to the happy tenants.
These unique dwellings offer choice and flexibility – with a guaranteed high rental return – but also a wider range of opportunities to keep increasing value in the future.
Some features:
- Dual-income opportunity that can be used as a residence and/or investment
- Accommodation for extended family
- Each dwelling has a split air conditioning system with remote control plus ceiling fans in most rooms
- Zoned R4 and separately metered
- Bus stop at door, walking distance to all amenities
- Extraordinary rental return
3-bedroom house in Mayfield
- Tenanted
- Rental for the 3 bedroom house is $650 p/w
- Light and spacious, high ceilings and air conditioning
- New electrical wiring throughout and modern circuit board
- Renovated bathroom and kitchen
- Brand new luxe vinyl flooring and plush carpet
- Three bedrooms with private access from Tarin Lane
- Sunny, low maintenance back garden
- 1 car space with convenient side access via Tarin Lane
1-bedroom unit in Mayfield
- Currently tenanted at $450/week
- Deceptively spacious with open plan living and raked ceilings, recently refreshed with white paint and new carpet
- Wide, separate entry way with solid front door that blocks out the noise of the outside world
- Full size electric kitchen with meals area linking to the living room
- Liberal size bedroom with walk-in robe
- Split-level bathroom with laundry
- Plenty of on-street parking
- Light, character-filled space perfect for Air BNB
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 on the Northern side of Newcastle and a short drive to the Newcastle airport and main arterial road north.
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.
Expression of Interest, please call to organise an inspection
Call to organise an inspection:
Contact Steve
P: 0492 993 123
E: info@ezyestate.com
