43 Melbourne StreetAbermain NSW 2326
Property Details for 43 Melbourne St, Abermain
43 Melbourne St, Abermain is a 2 bedroom, 1 bathroom Unit and was built in 1940. The property has a land size of 908m2 and floor size of 161m2. While the property is not currently for sale or for rent, it was last sold in July 2023. There are other 2 bedroom Unit sold in Abermain in the last 12 months.
Last Listing description (March 2024)
Situated on a large 908m2 corner block within walking distance to local schools, parks and shops, this freshly refurbished property presents a lucrative opportunity for the astute investor! Offering a rare triple income stream, the property boasts a whopping potential rental return of up to $1,000 a week and has the possibility for subdivision (STCA).
The property consists of a stylishly renovated cottage cleverly redesigned into two separate apartments within the one roofline. The 3 bedroom apartment enjoys a possible return of $450 per week, whilst the 2 bedroom apartment could achieve a possible $380-$400 per week return. Each apartment is separately metered and features a sleek neutral colour palette, stylish contemporary bathrooms and classic modern kitchens, whilst retaining heritage features for character and ambience.
Outdoors, the property has substantial shedding to the rear of the backyard along with rear lane access for extra convenience. Separately fenced off from the main house, the sheds are currently rented out for $150 per week.
Positioned just 6 minutes from the Hunter Expressway and metres from a host of local amenities including Abermain Public School, Bowling Club, public transport, and local bakery & takeaway. With massive potential earnings in one of the Hunter's prime growth areas, this is a rare investment opportunity not to be missed for your portfolio!
- Large corner 908m2 block with side and rear lane access
- Renovated dual occupancy style cottage, separately metered
- Possible subdivision (STCA)
- Brand new flooring, fixtures & paint work throughout
- Classic modern kitchens equipped with stainless steel appliances & dishwashers
- Elegant modern bathrooms with quality tiling - 3 bed apartment enjoys a luxurious stand-alone bath
- 1 x split system A/C to each apartment
- LED downlights throughout
- Outdoor entertaining deck
- Multiple sheds to rear yard, separately fenced
- Located across the road from local parklands
- Walk to Abermain Public School, Abermain Bowling Club, public transport, local bakery & takeaway shops
- 6 minute drive to Hunter Expressway
- 3 Bed Apartment: approx. $$450 per week return
- 2 Bed Apartment: approx. $380-$400 per week return
- Sheds: approx. $150 per week return
Disclaimer: All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
Property History for 43 Melbourne St, Abermain, NSW 2326
- 10 Jan 2024Listed for Rent $360 / week
- 03 Nov 2023Listed for Sale $649,000 to $699,000
- 24 Jul 2023Sold for $436,000
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0About Abermain 2326
The size of Abermain is approximately 15.4 square kilometres. It has 11 parks covering nearly 18.3% of total area. The population of Abermain in 2011 was 2,322 people. By 2016 the population was 2,328 showing a population growth of 0.3% in the area during that time. The predominant age group in Abermain is 0-9 years. Households in Abermain are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Abermain work in a labourer occupation. In 2011, 78.8% of the homes in Abermain were owner-occupied compared with 77.5% in 2016.
Abermain has 1,126 properties.
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