Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
This exceptional property presents a prime investment opportunity in the thriving area of Birmingham Gardens. Situated on a generous 594 square meter block, this unique asset features two distinct and fully functional dwellings designed to cater to high demand student accommodation, reflecting a strategically beneficial location within walking distance of Newcastle University and Jesmond Central shops and essential services.
The property's configuration is well-suited for astute investors seeking robust returns, exemplified by its impressive gross rental yield of approximately $2,285 per week. Managed under residential leases with fully furnished share arrangements, each tenant is granted the comfort and privacy of their own leased living space while benefiting from well-planned communal living areas tailored to accommodate multiple occupants effectively and harmoniously.
Newcastle University is renowned for its large and diverse student population, drawing extensively from regional country areas and international locations. This reliable demand creates a continuous need for secure, conveniently located single-room accommodations, positioning this property as a highly desirable asset in the student rental market.
The front residence boasts four spacious bedrooms, each equipped with ceiling fans and built-in wardrobes, providing a comfortable and practical living environment. The kitchen is modern and functional, featuring generous bench and cupboard space, stainless steel appliances, and a dual sink that caters to the needs of multiple users. Adjacent to the bright and airy combined dining and living area is a covered deck that offers an additional outdoor living space, perfect for relaxation or entertaining. Two contemporary bathrooms service this dwelling, ensuring convenience and comfort for all tenants.
Entry into the second dwelling reveals an open-plan living and kitchen space, fostering a social yet private environment. This residence comprises six bedrooms, all fitted with built-in wardrobes and ceiling fans to enhance tenant comfort. The accommodation is supported by two bathrooms, a second water closet (WC), and separate laundry facilities, underscoring the thoughtful design tailored to communal living and privacy.
Both dwellings benefit from modern facilities and furnishings, enhancing tenant experience and satisfaction. The layout allows each tenant privacy and independence within their leased space, making these homes highly sought after in the rental market. The historical rental consistency underscores the property's attractiveness and stability as an investment.
With a location enriched by proximity to educational institutions, retail centers, and essential amenities, this dual-dwelling property stands out as a high-yield investment within one of Newcastle's vibrant communities. It offers investors a secure, well-maintained, and carefully managed asset with significant income potential supported by strong tenant demand and excellent rental history.
Local Market Insights
In Birmingham Gardens, Quiet Listings observed 29 new houses entering the market over the last 30 days, up from 14 during the previous 30-day period, with an average advertised asking price of $1,026,205. The property type mix of listed properties is predominantly Houses at 71%, followed by villas (11%), and townhouses (9%). Ray White was the most active agency in this area, representing 41.0% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Birmingham Gardens NSW 2287
Market Insights for Birmingham Gardens NSW 2287
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
