17 - 17A Charles Lester Place
Mudgee, NSW 2850

Positioned in a quiet cul-de-sac, this quality-built property offers two separate dwellings on one title, delivering strong rental returns and excellent long-term investment appeal. Both residences are well maintained, low maintenance, and occupied by tenants keen to remain, making this an attractive asset for investors seeking reliable income streams.

The property features brick dual occupancy on a generous 800sqm allotment, with a quiet location that enhances its appeal. The combined current rental income is $940 per week, increasing to $970 per week from July, reflecting strong tenant demand and consistent returns.

The first dwelling at 17 Charles Lester is a modern four-bedroom, two-bathroom residence. It offers a spacious open plan living and dining area, complemented by a covered alfresco and private yard. The property includes a single lock-up garage with internal access and remote entry. This residence is currently leased at $550 per week, with a rental increase to $580 per week scheduled for July.

The second dwelling at 17A Charles Lester Place is a modern two-bedroom, one-bathroom residence. It features an open plan living and dining area, a covered alfresco, and a private yard. Like the first dwelling, it includes a single lock-up garage with internal access and remote entry. This residence is currently leased at $390 per week.

The owners have recognized the strength of dual occupancy investing, benefiting from two income streams, strong tenant demand, and the security that comes with diversified rental income. The practical layouts, private outdoor spaces, and quiet location have consistently attracted quality tenants, resulting in reliable returns and minimal downtime.

This property represents a smart purchase for investors seeking a low-maintenance, income-generating asset with excellent long-term potential in a sought-after location.