With interest rates going lower and more people moving to regional areas like Newcastle this property represents a very good addition to your annual income statement.
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.
This trendy area is going through a transformation which includes a massive new Coles shopping centre development which has finally been approved by Newcastle City Council and will bring new shops and provide employment for an extra 100 people in the suburb.
The property has recently been completely renovated, including brand new electrical wiring and switchboard with safety switches. There are two renovated bathrooms and a new kitchen as well as brand new hot water heaters and air-conditioning systems and a Fibre to the building NBN connection with very fast speeds.
This property is currently being prepared for sale so we are taking expressions of interest from property investors and their advisers.