99 Barton St, Mayfield NSW 2304, Australia
Perched at the top of Barton Street, this brick and tile property is currently divided into three two-bedroom units, all occupied by happy, long-term tenants. Together, they bring in a combined rental income of $1000 per week, making this a lucrative triple-income investment. You can maintain the current setup and continue to enjoy these steady returns. But there’s also room for growth. With a few cosmetic updates, or even a full renovation, you can boost the rental income even further. Plus, with a generous 550.1sqm landholding, there’s potential for a brand-new build, subject to council approval.
The location of this property combines peace and convenience. It offers quick access to arterial roads leading in and out of Newcastle, with the city just over 10 minutes away. You can easily walk to the Balance Collective gym for a workout and a swim, while Hunter Christian School nearby makes school drop-offs a breeze. Plus, with all three major supermarkets and several cafes on nearby Maitland Road, your daily errands couldn’t be easier.
– Circa 1940s brick and tile property, currently configured as 3 x 2-bed, 1-bath units
– Scope to increase current combined weekly rents of $1000pw with modern updates
– 550.1sqm block with approx. dimensions of 20.12m X 27.43m
– 190m – Hunter Christian School, 800m – Mayfield West Public School, San Clemente – 1300m, 1200m to St Columban’s Primary, 2.4km – Callaghan College
– 9 mins/5.5km into Newcastle CBD, 15mins/8km to beautiful Bar Beach
