18 Carroll Ave, Cessnock is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1930. The property has a land size of 379m2 and floor size of 88m2.
Fully renovated, this original period home has been well thought out from an investment point of view, maximising the return with a 3-bedroom 1-bathroom home as well as a separate 1-bedroom 1-bathroom studio, each with their own driveway, carport and private backyard providing a weekly gross return of $750 per week with long term tenants in place.
The main house features original polished timber floors, while the rest of the house has been tastefully renovated with a stunning cathedral ceiling in the main living and kitchen area with downlights and a light and modern colour palette flowing through the home. The contemporary kitchen has a large breakfast bar with granite benchtops and lots of storage. A well-designed bathroom is combined with the laundry at the rear of the house with easy access to the backyard. All three bedrooms are a good size, and each has built in wardrobes and a ceiling fan while a reverse cycle air conditioner is in the main living room.
Clever in design, the separate studio is compact while still providing a decent size kitchen, bathroom and bedroom, and a good size backyard with undercover area. The studio is renovated very similar to the main house on a smaller scale with the original timber floors, downlights and same quality kitchen and combined laundry/bathroom. Both the studio and main house have a separate outbuilding in the yard for storage or possible office spaces, and a single carport at the front.
Separately metred with town gas, water and electricity, the property is a great low maintenance investment to bring in a passive income for the astute investor. Situated within walking distance to Cessnock CBD (2km), the property is an ideal rental on a quiet street with neat quality homes surrounding.
Key points:
- Council Rates: $1780 per annum (approx.)
- Current Gross Rent Return: $750 per week
- Land Size: 379sqm
Property Code: 398
The size of Cessnock is approximately 35.6 square kilometres. There are 19 parks, covering nearly 10.7% of the total area. The population of Cessnock in 2016 was 15177 people. By 2021 the population was 16300 showing a population growth of 7.4% in the area during that time. The predominant age group in Cessnock is 30-39 years. Households in Cessnock are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cessnock work in a trades occupation.In 2021, 58.70% of the homes in Cessnock were owner-occupied compared with 57.30% in 2016.
Cessnock has 8,231 properties. Over the last 5 years, Houses in Cessnock have seen a 72.39% increase in median value, while Units have seen a 58.17% increase. As at 31 May 2026:
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