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Overview
This investment property in the heart of Mayfield presents a unique opportunity for investors seeking a low-maintenance, dual-income asset. Comprising two well-maintained two-bedroom units on a single title, the property delivers immediate rental income with tenants already in place and management handled professionally.
Constructed in the early 1990s using durable brick veneer and tiled roofing, the units reflect a contemporary design that offers both functionality and comfort. Each unit provides generous living spaces alongside practical kitchens—one featuring modern upgrades including a dishwasher, while the other maintains a traditional timber kitchen.
Both units include two sizeable bedrooms, one with a built-in robe enhancing storage options, and bathrooms equipped with both a separate bath and shower to meet diverse tenant preferences. Internal laundries in each unit add further convenience, with one incorporating a separate toilet.
Strategically positioned near Mayfield’s shopping precinct, local schools, and transport links, this property enjoys consistent tenant interest due to its prime location. The total land area of 308 square metres supports off-street parking and complies with R3 Medium Density zoning, contributing to its appeal as a managed investment option.
- Ideal for investors targeting steady rental returns with minimal upkeep
- Strong rental yield approximately $1010 per week, bolstered by separate electricity metering
- Convenient access to community amenities enhances long-term tenant retention
Overall, this property stands out as a practical addition to any investment portfolio, balancing solid construction with location advantages and tenant-ready accommodation, making it well-suited for investors seeking dependable income streams within a high-demand suburb.
Local Market Insights
In Mayfield, Quiet Listings observed 15 new houses entering the market over the last 30 days, up from 3 during the previous 30-day period, with an average advertised asking price of $1,076,267. The property type mix of listed properties is predominantly Houses at 65%, followed by apartments (13%), and townhouses (9%). Dowling Property Group was the most active agency in this area, representing 27.3% 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
Mayfield NSW 2304
Market Insights for Mayfield NSW 2304
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.
