82 Allowah Street

Waratah West NSW 2298

A classic set-and-forget investment, this weatherboard home is split into two self-contained dwellings, a one-bedroom and a two-bedroom, returning a combined $870 per week. The one-bedder has been home to a long-term tenant of 16 years, and both tenants are keen to stay on, so income starts from day one.Each unit is neat and well cared for, with electric kitchens, original bathrooms, a shared laundry, carport, and a small backyard. The rear one-bedroom enjoys its own deck, catching northern light and winter sun. You can keep things exactly as they are and enjoy the steady return or look to introduce some contemporary updates over time to lift appeal and maximise rental income.This is a location that keeps tenants happy too, just 130m to Waratah West Public School, 1km to the university grounds, and an easy 10-minute walk to the Mater Hospital. Waratah Village and Jesmond Central are close by for daily essentials, and with the bypass extension due later this year, travel times across the region will improve, making it quicker and easier to connect to major roads and surrounding hubs.- Weatherboard and tile dwelling on 569.1sqm block with north facing rear aspect- Two bedroom unit at front, one bedroom unit at rear, each with carport and air-conditioning- Newcastle CBD 7km, Bar Beach 8.6km, M1 & Hunter Expressway 12.5km, Warners Bay lake foreshore 12.8km