Multi Income Investment, just 500m to University of Newcastle

Just 500m from the University of Newcastle, this is the kind of asset investors chase but rarely secure. Configured as three separate dwellings, it’s already proven its earning power with a combined return of $1,395 per week, and with vacant possession, you’ve got the flexibility to reset, re-lease or optimise from day one.

Two well-presented three-bedroom units sit under one roofline with updated kitchens and bathrooms, while a separate one-bedroom granny flat at the rear adds a third income stream with scope to further value-add and lift returns.

The proximity to UoN and Calvary Mater Hospital keeps demand strong and consistent, while easy access to the CBD, beaches, M1 and Jesmond Central only strengthens the long-term growth story. This is smart investing with immediate income and upside still on the table.

– 600.7sqm block
– Front 3-bed unit freshly painted with new carpet to bedrooms, updated kitchen/bathroom
– Off street parking and shared laundry
– Rear 3-bed unit, updated kitchen/bathroom
– Private one bedroom granny flat with kitchenette and scope to update

Waratah West Public School – 1400m, Corpus Christi – 2.1km, St Philip’s – 2.5km, Callaghan College Jesmond – 3.1km, Callaghan College Waratah – 3.1km,

CBD, beaches and Jesmond Central shopping.

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.