Dual income investment or future family home – the choice is yours

This real estate gem brings you a gorgeous two-bedroom period home paired with a separate one-bedroom studio apartment – previously operating as a take-away shop.
Currently fetching a combined rental income of $750 per week, this dual-income setup promises steady returns with existing leases in place. Yet, the real allure lies in its potential. A few cosmetic updates could elevate rental income, or you could transform the layout turning this beauty into a unique family residence. Here you are literally footsteps from Mayfield Bowling Club and close to many surrounding parks and Mayfield Swimming Centre. Mayfield East Shopping Village is nearby for all your daily essentials or enjoy a coffee at some of Newcastle’s finest cafes. Plus, you’re within 6km from the city and beaches making this the perfect location to embrace the coastal lifestyle.

– Unique corner block property on 234.7sqm block with R3 zoning
– Two bedroom period home with ornate plaster ceiling, timber floors, timber lined ceilings, town gas heating and cooking, courtyard garden and off-street parking – lease runs until Nov – $400pw
– Spacious studio apartment with town gas cooking and solar hot water system installed – lease runs until Feb – $350pw
– Future potential to live in one residence while earning from the other
– Scope to add value with modern updates or reconfigure the floorplan
– Mayfield East Public School – 600m, San Clemente – 900m, St Columban’s Primary –
1200m
– Stroll to Mayfield Bowlo, Mayfield Swim Centre, Islington Park, Equium Social
– Catch buses on Maitland Road into city, Uon and John Hunter Hospital

Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.