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Overview
This unique property offers a rare investment opportunity featuring three self-contained one-bedroom units on a single title. Perfect for investors or buyers seeking multiple rental incomes, the functional layout of each unit includes a built-in wardrobe and an open-plan living, dining, and kitchen area enhanced by reverse cycle air conditioning, ensuring comfort throughout the year.
Set on a sizeable 645 square metre block, the property includes a double carport and additional off-street parking to accommodate residents and guests. Dedicated storage areas downstairs support the practical needs of each unit.
Generating a current combined rental return of $53,820 annually, this asset is well-positioned, located only about 1 kilometre from Cardiff's vibrant central business district and within close proximity to Glendale City Centre’s shopping and dining options, as well as major retail hubs like Charlestown Square and Westfield Kotara.
This property will appeal to astute investors looking to expand holdings with an income-positive offering or to buyers who may consider living in one unit while leasing the others. The solid rental demand in this sought-after location further underpins its appeal.
Local Market Insights
In Newcastle And Lake Macquarie, Quiet Listings observed 30 new units entering the market over the last 30 days, up from 21 during the previous 30-day period, with an average advertised asking price of $761,000. The property type mix of listed properties is predominantly Houses at 66%, followed by apartments (8%), and land (6%). Ray White was the most active agency in this area, representing 10.6% 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
Cardiff NSW 2285
Market Insights for Cardiff NSW 2285
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