67 & 67a Ferodale Road Medowie, 2318 NSW

Two investment properties returning $870 per week and 5.66% gross rental yield

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If you are in the market for an investment with fantastic returns, then this is one to look at. With both properties returning a total of $870 gross per week, and tenants in place, start earning straight away. Both properties are on a single title, with a total land size of 646m2. With the local shopping centre less than 1km away and a choice of schools close by, everything needed is at hand.

Three Bedroom Home
* Tiled, open plan living room with air conditioning & ceiling fan
* Kitchen with lots of cupboard space, electric cooking & dishwasher
* Three bedrooms each with built in robes, ceiling fan & air conditioning to main bedroom
* Main bathroom with shower and bath, separate toilet
* Undercover entertainment area overlooking fenced courtyard including garden shed
* Carport for use of home
* Tenant currently off lease, paying $470 per week

Two bedroom Flat
* Light, bright and thoughtfully designed granny flat offering privacy
* Kitchen offers stainless steel appliances include gas cooking & dishwasher
* Dining room off kitchen, and includes large living/lounge room
* Two bedrooms have mirrored robes with built-in cabinetry and ceiling fans.
* Combined bathroom & laundry with vanity storage
* Unit offers all round comfort with split system air-conditioning and instantaneous gas hot water
* Fully fenced courtyard with garden shed
* 4.7m x 6m studio for use by tenants of flat
* Tenant on lease until 11th January 2023 paying $400 per week

Across from Wirreanda Public school and walking distance to bus stop for high school and public transport. Medowie, with it's population of over 10,000 people, is booming with new infrastructure underway or already established, two new housing Estates, a bustling shopping village (Woolworths, Coles, Doctors, Pharmacy, Gym etc)
A new shared pathway into the town centre is proving popular with joggers and bike riders and there is ongoing revitalisation work to roads and sporting facilities. Just 7km from Newcastle airport and the RAAF Base at Williamtown and 30 minutes to Newcastle and Nelson Bay.

Call Tiffany Jeffery from Curtis & Blair real estate today 0422158219, or click the 'book inspection' button to register for our open home

Disclaimer:
All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a third party messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. Property images include virtual furnishing.

Sold $790,000

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