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Sold on 04 Oct 2023 for $890,000

59 Turnbull Street
Edgeworth NSW 2285

Bedrooms: 5
Bathrooms: 2
Car spaces: 4
Land area: 654m2
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Property Details for 59 Turnbull St, Edgeworth

59 Turnbull St, Edgeworth is a 5 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 654m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 5 bedroom House sold in Edgeworth in the last 12 months.

Building Type
House
Land Size
654m2
Local Government
Lake Macquarie
Lot/Plan
22/B/DP1570

Last Listing description (October 2023)

This is a fantastic opportunity, for property investors seeking a lucrative investment, with dual income currently returning $910 per week. Presenting 59 and 59a Turnbull Street, a dual occupancy property offering the perfect blend of modern amenities and impressive rental returns.

59 Turnbull Street
- Spacious 3-bedroom home with a brand new bathroom and laundry

- Updated kitchen with dishwasher and electric cooking
- Stay comfortable year-round with reverse cycle air conditioning
- Low maintenance, level, and fully fenced yard with garden shed
- Ample space with a large double garage and workshop area
- Enjoy entertaining guests with an undercover entertainment area
- Easy and convenient access with full undercover connectivity from the house to the remote control garage
- Month to month lease paying $480 per week. Tenants would like to renew the lease.

59a Turnbull Street
- A contemporary two-bedroom home, less than two years old
- Stay comfortable with reverse cycle air conditioning
- Kitchen with dishwasher and electric cooking
- Both bedrooms feature mirrored wardrobes and ceiling fans
- Additional storage space with a garden shed
- Easy to maintain yard with off street parking
- Lease expires 7 December paying $430 per week. Tenants would like to renew the lease.

**Dual Income**
- Currently generating a combined rental income of $910 per week
- Significant potential to increase rental returns to a minimum of $1,030 per week
- Both properties are leased to excellent tenants, ensuring a stable income stream

**Investment Opportunity**
The dual occupancy nature of this property allows you to explore multiple avenues for generating income. Live in one home while renting out the other, or capitalise on the exceptional tenancies and lease out both properties for a substantial investment opportunity.

**Location**
Conveniently located in the sought-after Edgeworth area, this property is close to schools, shops, parks, and public transport, making it an attractive choice for both tenants and homeowners alike.

Don't miss out on this golden opportunity to secure a dual income property with high rental returns. Act now and make 59 and 59a Turnbull Street your next successful investment.

Contact us today to arrange a viewing and seize this excellent investment opportunity!

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property History for 59 Turnbull St, Edgeworth, NSW 2285

A timeline of how this property has performed in the market
Last Sold
$890,000
04 Oct 2023
Listed for Rent
$430/w
11 Sep 2022
  • 22 Sep 2023
    Sold for $890,000
  • 27 Aug 2023
    Listed for Sale Price Guide $900,000
  • 09 Sep 2022
    Listed for Rent $429 / week
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About Edgeworth 2285

The size of Edgeworth is approximately 7 square kilometres. It has 13 parks covering nearly 11.6% of total area. The population of Edgeworth in 2011 was 6,251 people. By 2016 the population was 6,191 showing a population decline of 1.0% in the area during that time. The predominant age group in Edgeworth is 0-9 years. Households in Edgeworth are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Edgeworth work in a trades occupation. In 2011, 72.5% of the homes in Edgeworth were owner-occupied compared with 70.3% in 2016.

Edgeworth has 3,694 properties.

    There are currently 46 properties listed for sale, and 6 properties listed for rent in Edgeworth on OnTheHouse. According to CoreLogic's data, 217 properties were sold in the past 12 months in Edgeworth.

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    Contact agent
    Joshua Simpson
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    Courtney Simpson
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    Newcastle Property Investors
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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.