Newtown 5 Nikau Street

Talk about LOCATION! There is convenient, and then there's 5 Nikau St... there's close to the hospital, then there is 5 Nikau St... there's close to the new supermarket, and then there is 5 Nikau St. This location sets the new standard for convenience! Tucked away at the end of a short cul-de-sac, this cute character home & income is close to absolutely everything, as well as being north facing for great sun.

The 2-bed home (or utilize as a 3 bed rental) has a kitchen / dining which flows onto the back yard, plus a separate lounge (or use as a 3rd bedroom) and two fireplaces. The 1-bed flat offers a generous lounge and bedroom. There are options aplenty here:
live in the home and subsidise your mortgage payments. At 6.0% interest, the forecast rent from the flat pays the interest on over $200,000 of your mortgage! retain the property as a two flat investment, with appraised rent of $690-750pw or possibly convert back to a single home
There is also an off-street car space for this property identified at the end of the cul-de-sac.

Although the property is tidy enough to move into today, with loads of character features still intact, you could add HEAPS of value just with your paintbrush and a spade over the summer weekends.

It is extremely hard to find character properties, located so close to essential services, whilst still being quiet and receiving good sun. Quality investors and first home buyers will recognize this as a rare opportunity indeed.

My overseas vendor is dead set on selling - so come to an open home and get ready to own this beauty on auction day. What a Christmas present!

Property Information

• Floor area approx 110sqm

Property Features

• Uncovered Carspaces 1