118 Brooks Street

Rarely do you have a property with 3 homes on one lot that can earn you $ 1,720 per week! A rare and unique opportunity awaits with this high-performing, income-generating property, offering three well-configured dwellings in a tightly held market. Delivering strong rental returns and exceptional versatility, this is an outstanding opportunity to secure a high-yield asset with long-term growth potential. Conveniently positioned for both lifestyle and investment, this property is located just moments from Rutherford Marketplace, with local schools, and recreational facilities all close by, and easy access to the New England Highway. The bus stop and train station are only a short walk away, offering excellent transport links. Maitland's CBD and Green Hills Shopping Centre are only a short drive away. The Hunter Valley and Newcastle coastline provide the perfect setting for weekend escapes. Each of the three residences is designed for maximum functionality, featuring attached carports on all dwellings and offering strong rental returns. This highly flexible offering is ideal for owner-occupiers looking to offset their mortgage or investors seeking to maximise returns by leasing all three residences. Main Residence - Rental potential of $750 per week A charming porch welcomes you on arrival, providing a relaxing space to unwind while enhancing the home's street appeal. Spacious, updated, and thoughtfully designed, the main home offers comfortable family living with a practical layout. Recently refreshed with modern updates and fresh paint, it features three generously sized bedrooms. The master suite is privately positioned at the rear, creating a peaceful retreat complete with its own ensuite and built-in wardrobe. The additional bedrooms are well proportioned, one features a built-in robe and ceiling fan, while the other includes a walk-in closet, ideal for growing families or shared living. The heart of the home is the modern kitchen with combined dining, offering ample bench space, abundant storage, and an electric cooktop, making it perfect for everyday living and entertaining. This area flows seamlessly into the spacious living room, creating a warm and connected environment. A well-presented modern bathroom services the home, while a split system air conditioner ensures comfort throughout the seasons. The property also includes a garden shed for practical outdoor storage. Studio - Rental potential of $450 per week The studio provides a private, self-contained living space that is both functional and low maintenance, making it highly appealing to singles, students, or short-term tenants. Cleverly designed to maximise space, it includes a kitchenette and its own bathroom, allowing for complete independence. Inside, the layout is enhanced by a built-in robe and additional upper-level storage, ensuring there is no shortage of space despite its compact footprint. For year-round comfort, the studio is equipped with both air conditioning and a ceiling fan, creating a comfortable and convenient living environment. Granny Flat - Rental potential of $520 per week Modern, private, and well-appointed, the granny flat offers an ideal layout that balances space and functionality. It features two generously sized bedrooms, both complete with built-in robes, providing comfortable accommodation for a range of tenants. The open plan kitchen, dining, and living area is light-filled and versatile, designed for easy everyday living and entertaining. The kitchen is equipped with a freestanding electric cooker and ample storage, catering to all practical needs. Sliding doors provide easy access to the carport, while a split system air conditioner ensures year-round comfort. The overall design promotes a low-maintenance and relaxed lifestyle in a private setting. Combined rental return: Approximately $1,720 per week (around $89,440 per annum) Altogether, this property presents a versatile, high-yield investment in a tightly held market. Whether you choose to lease all three dwellings or occupy one while renting the others, this is an outstanding opportunity to secure a well-configured, income-producing asset with strong growth potential. ** Council Rates approx. $3,200 per annum Contact Cathy and her team today!