FOR SALE
GUIDE: $850,000

Contact Agent For Address
Cessnock NSW 2325

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 379m2
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Cessnock Investment Opportunity - $750per week Return

Fully renovated, this original period home has been well thought out from an investment point of view, maximising the return with a 3-bedroom 1-bathroom home as well as a separate 1-bedroom 1-bathroom studio, each with their own driveway, carport and private backyard providing a weekly gross return of $750 per week with long term tenants in place.
The main house features original polished timber floors, while the rest of the house has been tastefully renovated with a stunning cathedral ceiling in the main living and kitchen area with downlights and a light and modern colour palette flowing through the home. The contemporary kitchen has a large breakfast bar with granite benchtops and lots of storage. A well-designed bathroom is combined with the laundry at the rear of the house with easy access to the backyard. All three bedrooms are a good size, and each has built in wardrobes and a ceiling fan while a reverse cycle air conditioner is in the main living room.
Clever in design, the separate studio is compact while still providing a decent size kitchen, bathroom and bedroom, and a good size backyard with undercover area. The studio is renovated very similar to the main house on a smaller scale with the original timber floors, downlights and same quality kitchen and combined laundry/bathroom. Both the studio and main house have a separate outbuilding in the yard for storage or possible office spaces, and a single carport at the front.
Separately metred with town gas, water and electricity, the property is a great low maintenance investment to bring in a passive income for the astute investor. Situated within walking distance to Cessnock CBD (2km), the property is an ideal rental on a quiet street with neat quality homes surrounding.
Key points:
- Council Rates: $1780 per annum (approx.)
- Current Gross Rent Return: $750 per week
- Land Size: 379sqm
Property Code: 398

Property Details for Contact Agent For Address, Cessnock

Contact Agent For Address, Cessnock is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 379m2. The place is currently for sale with Musgrove Realty.

Building Type
House
Land Size
379m2

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About Cessnock 2325

The size of Cessnock is approximately 35.6 square kilometres. It has 19 parks covering nearly 10.7% of total area. The population of Cessnock in 2011 was 13,673 people. By 2016 the population was 15,163 showing a population growth of 10.9% in the area during that time. The predominant age group in Cessnock is 20-29 years. Households in Cessnock are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cessnock work in a trades occupation. In 2011, 61.5% of the homes in Cessnock were owner-occupied compared with 57.3% in 2016.

Cessnock has 8,070 properties.

    There are currently 33 properties listed for sale, and 19 properties listed for rent in Cessnock on OnTheHouse. According to CoreLogic's data, 390 properties were sold in the past 12 months in Cessnock.

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    Garry Musgrove
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    Kurt Musgrove
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    Musgrove Realty
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