26 Cornwall
Taree, NSW 2430

Overview

Excellent Investment Property

This fully refurbished, fully clad four-bedroom house is an excellent investment opportunity located within easy walking distance of Manning Mall, primary and high schools, and adjacent to the recently restored Taree Railway Station and Coach terminal.

The property features a new hot water system, air conditioning, colour bond fencing, and upgraded guttering with new metal fascia, requiring little to no additional work.

Inside, the home boasts 9-foot ceilings, built-in wardrobes in two bedrooms, cupboards in the others, and security screens on all doors and windows. Covered patios are situated on the Easterly and Northern sides, providing comfortable outdoor living spaces.

A recently rebuilt tandem garage/rumpus room measuring 11 by 3.4 meters with a high ceiling offers versatile use. This space could be particularly useful given the Residential/Light Industrial zoning, which supports work-from-home businesses.

The property currently has secure long-term tenants paying $600 per week, eliminating the need for expensive property management and saving approximately $2,750 per year plus other charges. The tenants are full-time working males, with 100% occupancy, no reletting fees, and no animals or children, and they are happy to sign a new two-year lease upon expiry in September.

There is ample on and off-street parking, with an extra-wide street, rear access to the backyard, and a covered caravan space behind the house. The neighborhood is friendly and quiet, located in a no-through road.

The kitchen is designed for durability and functionality, featuring solid thick granite bench tops and a granite island table suitable for dining or food preparation. It is equipped with a new LPG gas cooktop, electric oven, a 900mm range hood, and an exhaust fan.

Inspections are by appointment only due to some tenants working shifts.

Features

Balcony/Patio/Terrace, Bath, Fireplace(s), Heating, Renovated Bathroom and Kitchen, Garden Shed, Level Lawn, Pet Friendly, Shower Facilities, Security Windows, Close to Parklands, Schools, Shops, and Transport, Quiet Location, Air Conditioning, Built-ins, Internal Laundry, Broadband, Workshop, Secure Parking, Rumpus Room, Deck, Fully Fenced.

Location