1 & 2/2 Lilac Close
Taree, NSW 2430

This unique investment opportunity features two ground-floor villas designed for multi-generational living, offering separate yet conveniently adjacent residences. Ideal for families seeking proximity with privacy or investors looking to add a quality property to their portfolio, these villas provide a strong rental income with minimal maintenance.

Each villa comprises two bedrooms, providing comfortable accommodation for residents. The living spaces include separate lounge and dining areas, allowing for versatile use and privacy within each unit. The kitchens are well-appointed with ample cupboard and bench space, catering to everyday cooking needs efficiently.

Additional conveniences include internal laundries in each villa, enhancing functionality and ease of living. Secure garages with internal access provide safe parking and direct entry to the homes, while extra parking spaces or yard access are available for both properties, accommodating visitors or additional vehicles.

The properties are strata titled, with separate titles and utility connections, offering flexibility to sell or lease each villa independently. Currently, one villa is leased at $460 per week, and the other, which is vacant for inspections, is expected to achieve a similar rental return. This setup ensures a high-yield, low-maintenance investment for prospective buyers.

Located in Taree, a significant business hub on the Mid North Coast of New South Wales, the villas benefit from proximity to essential services and amenities. Taree is approximately a three-hour drive north of Sydney and two hours from Newcastle, making it accessible while offering a relaxed coastal lifestyle.

This property is well-suited for investors seeking reliable rental income or families desiring a multi-generational living arrangement with the convenience of close proximity. The combination of practical features, flexible ownership options, and a strong rental market makes this an outstanding opportunity in the region.