High-potential unit in superb beachside location

Here’s your opportunity to secure a solid high-potential unit in one of Newcastle’s most sought-after beachside locations. Positioned at the top of The Hill among some of the finest homes in the city, this apartment offers the ultimate coastal lifestyle. Just minutes from The Hill to Merewether coastal walk which begins at the end of your street and, it’s an easy walk to Newcastle and Nobbys Beaches, King Edward Park, Hunter Street Mall, Darby Street cafes, the City University Campus and light rail stops.

— Living area with air conditioning and updated carpet
— Original kitchen with electric cooking and high breakfast bar
— Enormous bedroom with wall-to-wall built-in storage
— Updated carpet also to king-sized master bedroom
— Good-sized bathroom with generous shower and separate toilet
— Built-in linen cupboard/extra storage to main bathroom

Set in a solid brick complex, there’s enormous potential to add significant value to this apartment with a few easy cosmetic upgrades.

First-home buyers use this excellent opportunity to get started in the property market, or investors cash in on the solid rent returns and long history of positive growth in this sought-after inner-city location.

This is a relatively low-risk opportunity for investors and would make an ideal low-maintenance first investment property or perhaps this is that little getaway unit you’ve always wished for.

If you’ve beach searching for genuine one bedroom units you’ll appreciate the generous proportions of the bedroom and bathroom. You won’t find many one bedders boasting bedroom dimensions of (approx.) 4.8m X 3.3m! That’s almost 16sqm making this little gem well worth a spot on your property shortlist.

Strata Approx $500 pq
Rates Approx $330 pq
Water Approx $260 pq
Rent Est. $250 – $270pw

Currently vacant ready for you to occupy or, investors take advantage of the very low vacancy rate we are experiencing here in Newcastle. Property has previously returned $250 – $270pw.