OFF MARKET

59 Turnbull Street
Edgeworth NSW 2285

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 88m2
Land area: 654m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 11 Nov 2024
Low

High
Save

Property Details for 59 Turnbull St, Edgeworth

59 Turnbull St, Edgeworth is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1940. The property has a land size of 654m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
House
Year Built
1940
Floor Size
88m2
Land Size
654m2
Local Government
Lake Macquarie
Lot/Plan
22/B/DP1570

Last Listing description (November 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
22 Sep 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
Sign in to see more transactions

Commute Calculator

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 3,723 properties. Over the last 5 years, Houses in Edgeworth have seen a 58.80% increase in median value, while Units have seen a 62.01% increase. As at 31 October 2024:

  • The median value for Houses in Edgeworth is $716,360 while the median value for Units is $533,294.
  • Houses have a median rent of $610 while Units have a median rent of $525.
There are currently 52 properties listed for sale, and 7 properties listed for rent in Edgeworth on OnTheHouse. According to CoreLogic's data, 202 properties were sold in the past 12 months in Edgeworth.

Suburb Insights for Edgeworth 2285

Market Insights
Edgeworth Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Edgeworth Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.