Astute investors take note, just released to the market is an attractive rental property with two separate dwellings on a 797m2 block, positioned within walking distance to Newcastle University, shopping centre & public transport servicing the University, major centres and Newcastle CBD.

Demand is high for single room accommodation whether from Newcastle University's large pool of students or private renters seeking affordable living options. Each tenant enjoys the security of their own leased space and communal living areas are well designed to cater for multiple users.

The front house has six generous bedrooms, five with ceiling fans and three have external access from their private balcony. Kitchen is modern with long bench space, stainless steel cooking facilities and dual sink. Coupled with the spacious lounge, kitchen/dining area offers flexibility to arrange the space as required. One bathroom services the three bedrooms at the front of the house and the second, combined with a laundry, services the three bedrooms at the rear. An extra WC can be found off the loungeroom.

Entry to your second house is into a wide, open plan kitchen/dining space with a separate lounge. There are five bedrooms surrounding the communal area with two bathrooms and laundry located at the rear of the property.

Considering this prime location, R3 zoning offering potential for future higher density development (STNCC) and with plenty of off street parking, this property presents multiple investment opportunities.

Rent return of $1,600 per week.

For more information on this excellent high yield investment please contact exclusive listing agent Allen Reece on 0409 814 400 or email sales@reecerealty.com.au.