18 Stannett Street
Waratah West


$525,000

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Property Features


Property ID: 2799366

Land Size
556.40 m2

Built In Robes
Deck
Ducted Cooling
Ensuite
Furnished

High Yield University Investment - 5 Bedrooms Plus Granny Flat *** SOLD - Another Needed***


The close proximity to the University of Newcastle makes this property a prized gem! Offering 5 generous sized bedrooms plus a fully functional self-contained granny flat.

All 5 bedrooms have been furnished to accommodate student living including built in wardrobes to all plus the main being larger in size complete with an ensuite.

The living area is large and open plan in design, with a spacious lounge area which feeds onto the dining and kitchen. Cupboard space to the kitchen is extremely generous, there are two large fridge spaces, gas stove and a breakfast bar. Access to the covered deck can be found via the kitchen with a pleasant outlook over the rear reserve.

The added comfort of ducted air conditioning is a huge draw card to the students which also has an in-built two hour timer, plus there is a master key lock system to the doors.

The bonus income comes from the granny flat which has been council approved and offers open plan living with a modern design and also comes fully furnished.
This exceptional investment would have a gross return of $50,000 plus per annum with nothing to spend and in a high demand position.

To view this property contact Reece Realty on 4950 2025 or by email at sales@reecerealty.com.au.