Looking for versatility and investment potential? Welcome to your dream property! Nestled at the end of a cul-de-sac within the serene neighbourhood of Glendale on a huge 847m? block, this property boasts not one, but two charming separate units under the same roofline. Unit 1 comprises two bedrooms and unit 2 is a quaint one-bedroom residence. Whether you're seeking separate income streams, room for extended family, or live in one & rent the other, this property has it all.
Key Features:
Unit 1 - features two good sized bedrooms, fully-equipped kitchen in the centre of the home, modern bathroom, with a generous sized lounge room at the rear of the home. This property also includes its own separate carport with rear entry to the property.
Unit 2 - features one generous sized bedroom with a bathroom that acts like an ensuite, generous sized light filled lounge room at the front of the home, lovely modern kitchen, sunroom at the rear of the home this is the perfect spot to read a book and have a coffee. This property also includes it's own separate lock up car garage & self-contained laundry.
Conversion Potential - With the option to merge both units into a spacious 3-bedroom home, with multiple living rooms, the possibilities are endless. Create your dream living space tailored to your lifestyle or capitalize on a lucrative resale opportunity.
Income Generation - Utilise both units as separate income streams, providing a steady cash flow. Perfect for investors or homeowners looking to offset mortgage costs.
Ideal for extended family - Keep loved ones close while maintaining privacy. Whether it's aging parents, adult children, or guests, this property offers the flexibility to accommodate extended family members comfortably.
Land Size 847m2 with 20.2m Frontage & 40.5m Depth
Water Rates $220 Per Quarter
Land Rates $543.20 Per Quarter
Unit 1 is currently returning $430 per week on an expired lease paying on a week-to-week basis.
Unit 2 is currently returning $540 per week, the lease expires 4/9/24.
Convenient Parking - Unit 1 features a convenient single carport, while Unit 2 offers a single car garage, providing shelter for your vehicles year-round.
Proximity to Amenities - Conveniently located near Macquarie College and other schools, parks, Glendale Stockland shopping centre, and major transportation routes. This property is in the ideal location close to everything!
Don't Miss Out!
Seize this rare opportunity to own a versatile property with endless potential. Whether you're an investor, a homeowner, or looking for a multigenerational living solution, this property ticks all the boxes. Schedule a viewing today and envision the endless possibilities awaiting you!
For further information contact the local area's first choice for real estate Troy Duncan on 4950 8555
First National Real Estate Lake Macquarie are your local experts for the Lake Macquarie and Newcastle area, we proudly market this home and are always looking for more homes to sell. If you would like honest, expert advice to achieve excellent results, call us on 4950 8555 to discuss your home.
Disclaimer: All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.
