27 Crebert Street

Expression Of Interest


Property Features

Property ID: 3339371

Council Rates
$1720 per year
Water Rates
$1791 per year
Land Size
404.00 m2

Fully Occupied Triplex 3 UNITS - Perfect for Investors

This is a fantastic opportunity to own a part of historic Mayfield and take advantage of one of Newcastle's most up and coming, vibrant suburbs.

With 3 x 1Brm units bringing in a collective $630.00 per week, this really is a property you will want to have in your portfolio. The average rent for 1 bed room is $350.00 per week so theirs plenty of room for rental increase.

Or live in one and Rent out the other 2 out, or renovate and run your own boutique Air B@B in a demand area . It has all the vintage charm.

Close to schools, local shops, cafes and within easy access to some of Australia's best beaches and the CBD, this will tick all the boxes for the smart investor.

With a solid brick and tile structure and a swathe of character throughout, this property is one of the first buildings to be constructed on this lovely elevated street.

- Period features include, high ceilings, ornate plasterwork, picture rails and large sash
- All three apartments have a full kitchen, bathroom and bedroom, one offers an additional sunroom.
- A sunny private level rear yard includes a well-maintained lawn (currently looked after by one of the tenants) and a shed with laundry and 3 metres for separate washing machines.
- Set on a prime 404m2 corner block in a quiet street with plenty of street parking.
- The current rental return is $630 per week.

With Crebert Street having been described as the 'blue ribbon' of Mayfield, this is an opportunity not to be overlooked. Surrounded by quality homes and positioned in a community minded suburb that is continuing to draw attention from young professionals and families, this is a sound investment in a suburb that is enjoying significant revitalisation.

Expressions of Interest are closing on Friday the 24th May 2019 at 5:00pm. Expressions of Interest must be submitted in writing to the agent Natasha McElwaine at natasha@mcelwaineproperty.com.au