2 Silsoe Street

Mayfield NSW 2304

This older style property is ready for its new owners! Whether you're an owner-occupier wanting to add your special touch and enjoy some rental income, or an investor seeking dual income, this property is sure to tick all the boxes.

The primary residence features 4 bedrooms with the potential for a 5th bedroom, 2 bathrooms (one older style and one brand new with a laundry), and 5 garage spaces along with a tool shed. Upstairs, you'll find two large bedrooms with built-in robes, and two smaller bedrooms. The spacious kitchen opens up to a large dining room and a light-filled lounge room. Downstairs, there's a versatile 5th bedroom or rumpus room.

The double-story granny flat boasts an open-plan living area downstairs, with kitchen and bathroom. Upstairs is a studio setup with the potential to enclose for a bedroom, and it also includes a single garage.

Outside, you'll enjoy a large enclosed pool area and a secure workshop area accessible from both the primary residence and the granny flat. All of this is situated on a 657.6m² block.

This property is brilliantly positioned at the end of a cul-de-sac, just 900m from Newcastle Technical College, approximately 1km from the Mayfield shopping district, and about 1.6km from Hamilton Train Station and Hamilton entertainment strip.

With the opportunity for renovations to increase rental returns, or the potential to convert the primary residence into two units for three income streams (subject to council approval), this property offers excellent investment potential.

Under the current set up, the property has an estimated rental return of $1,310 per week.

Water: $915.72 approx. per annum

Council: $2,232 approx. per annum

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