19 Brooks Street

Telarah NSW 2320

All four units are currently rented out to excellent long-term tenants at $170 per week, which equates to a very solid rental yield of 6.3 per cent.
This offers the perfect chance to begin your investment portfolio on steady ground, with plans available for the new refurbishment. Renovation offers the chance to boost rental yield even further.
The beauty of this property is that the units are immediately liveable in their current condition so you can elect whether you renovate straight away or take a more staggered approach to giving the property a new lease on life.
Set back from the road, and with a pleasant street presence, the unit complex offers a sound brick and tiled roof construction.
The two units at the front of the property offer two bedrooms, a bathroom, a kitchen and a living area. The two rear units have one bedroom, a bathroom, kitchen and living area.
All of the units offer solid bones to work with when renovating, with ample space to spread out and enjoy life and big picture windows filling each unit with natural light.
The available renovation plans include refurbishing the kitchens, including new benchtops, cupboards and flooring, replacing the flooring throughout the units, painting the walls, replacing the gyprock and tiles in the bathrooms and adding a laundry to the bathrooms.
Outdoors the brick walls will be painted and the tile roof resprayed, while boundary fences will be replaced, hot water systems moved outdoors, timber screens to be added to the drying courts, new awning clotheslines for units 1 and 3 and a communal clothesline at the rear of the complex. The property is currently Torrens title but there is an opportunity to switch to Strata title.
Located in popular Telarah, the units are also just a short drive from Maitland CBD, while the New England Highway, which weaves its way to Newcastle in 40 minutes, is close by.
This property is proudly marketed by Hunter River Realty Group, for further information call 4934 4111.