Delivering a strong gross yield of approximately $1,310 per week, this six bedroom property represents an outstanding investment opportunity in one of Newcastle's most tightly held and high demand precincts.

Currently leased on a per room residential basis, the home is ideally positioned directly opposite Waratah Hospital and within easy walking distance to Newcastle University, ensuring consistent rental demand from hospital staff, students, and professionals.

Key Features:

• Six generous bedrooms, all with built-in robes and ceiling fans
• Master bedroom with walk-in robe and private ensuite
• Open-plan living with a north facing aspect
• Large deck flowing from the main living area
• Strong existing cash flow with further upside available

Value Add Opportunities:

• Scope to reconfigure for higher yield through layout optimisation
• Option to convert to a four bedroom home with double garage, appealing to owner occupiers or long term tenants
• Flexibility to transition from pure investment to a quality family residence

Why This Location Works

Waratah continues to be a highly sought after suburb, driven by proximity to major employment hubs, education facilities, transport, shopping and essential services.

This is a rare chance to secure a high performing asset today with the ability to enhance returns or reposition for future capital growth.

Ideal for investors seeking immediate income with strategic upside.

For further details contact exclusive listing agent Allen Reece on 0409 814 400.