167 Elermore Parade, Wallsend

House

Positioned to Live or Invest
This high set brick and tile five bedroom property with its three bedroom granny flat and double garage is ready for a new owner.

Presently used as a home with tenants, the owner enjoys a passive income. There is an opportunity to gain a $50,000 plus rental income a year. If you are needing a family home in a highly sought after area, this property can be easily modified to suit, bringing it back to the original specifications with its open plan design. Keeping the granny flat would create dual family living or continue receiving a weekly rental income.

Downstairs is a three bedroom, self-contained granny flat, popular with University students. Bedrooms are a good size with furnishings and kitchen facilities allowing easy use with private bathroom facilities.

Also downstairs is the double garage with automatic doors and internal access from a stairwell to the upstairs living area.

Upstairs, in the main home you will find five large bedrooms, lounge/dining area with reverse cycle air conditioning and the kitchen. Kitchen facilities are original colonial style timber with generous cupboard space and easy to use bench with servery to dining. From the dining area is direct access to the rear covered verandah.

If you are looking for a high yield investment that uses co-living arrangements, this style of property is set up for immediate return.

With some minor adjustments it can be brought back to a comfortable family home that is positioned close to amenities for greater convenience.

For more information on this new opportunity please contact listing agent Allen Reece on 0409 814 400 or speak to the sales department at Reece Realty 4950 2025.
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