49 Ferguson Street

Cessnock NSW 2325

If you're looking for a solid investment with immediate return and future upside, this dual-income property is well worth your attention. Set on one title and already tenanted, it delivers two established income streams with a simple, proven setup. Bringing in a combined annual rental income of $37,440, the property already offers a solid return from established tenancies.Originally a single home, the property has been divided into two self-contained units under the one roofline. Each unit offers its own kitchen, bathroom and living area, creating a practical layout suited to long-term tenants and consistent occupancy. Both units have been updated where it counts, with new flooring and refreshed interiors throughout, keeping maintenance low while still appealing to the rental market. The layouts are functional and easy to manage, making it an ideal "set and forget" style investment. Outside, the property continues to offer value with a large backyard providing scope to further improve or add value over time (STCA). There is a double carport, additional storage space, and an external laundry, adding to the overall practicality of the property. Positioned in a convenient location just approx. 1.5km to Cessnock CBD, the property is also within easy reach of local schooling, including approx. 1.2km to Cessnock Public School and approx. 1.8km to Cessnock High School. Nearby parks, sporting facilities and everyday amenities further support strong ongoing rental demand, while the Hunter Valley is just a short drive away. With two tenancies already in place, reduced vacancy risk, and the opportunity to further enhance and grow returns over time, this is a straightforward investment opportunity that ticks the key boxes for both new and experienced investors. - Dual income property - Both units currently tenanted for immediate return - Current annualised rental income $37,440- Each unit includes kitchen, bathroom and living area - Updated flooring and refreshed interiors throughout - Functional, low-maintenance layouts - Large backyard with value-add potential (STCA) - Double carport plus storage - Strong rental demand location