A Real Ugly Duckling Now, BUT She Does Boast a Stack of Cool Things, Like Old World Features, 2 Rent Returns Set Up, as Well As 3 Street Access!
Well she certainly ain’t no oil painting in her current condition and she sure could do with a lick of paint, actually make that gallons of the stuff, but underneath her rough exterior, beats the heart of a true lady, she’s just had an incredibly rough life!
For the tradie type renovators, with a passion for genuine old world charm cottages, who aren’t inclined to pay big bucks for anything, you’ll appreciate the old girl’s potential and her great bones, with lofty high ceilings, large generous rooms, and dual income ability until you’re ready to restore her to her glory days.
For the investor types, you’ll appreciate the great long term tenant, who puts up with the “not so pretty”, for the sake of being close to town and paying reasonable rent.
She’s even willing to pay more rent to stay on and she comes highly recommended by her current landlord.
Bought to re-develop, like many of the sites nearby, the current owners have been collecting 2 rents for most of the time they’ve owned the place, which has made it easy to sit on, until the time is right, but an interstate move sees one of the owners off to Tasmania and the other owner not inclined to go it alone, so here comes an opportunity for you …
– Lambton Road, New Lambton is like the Broadway of Sydney, it’s very much up & coming
– Not 10 minutes to Newcastle’s emerging waterside restaurant/cafe scene & top beaches
– It’s still super affordable by comparison to Newcastle & homes like this offer potential +
– Full of character features like high ceilings, decorative plaster work & ornate fireplace
– Long term set up as 2 separate occupancies, it can easily be returned back to 1 cottage
– On separate power, the bedsitter’s currently vacant & has just been professionally painted
– So if you want to be close to town & don’t need much space, move in & collect the rent
– You get to live out of home, away from share accommodation & work on your project too
– Super easy going, the current tenant is in the spacious, 2 big bedrooms, main residence
– Both residences are under the main roof, but they have their own bathrooms & kitchens
– The only shared spaces are the rear laneway backyard & the laundry set up in the garage
– It would be easy to fence off the backyard so both places have more privacy if you prefer
– Inside the main residence’s definitely an awful colour, but the tenant’s happy with it as is
– A tidy up outside & a bit of love would definitely not go astray, but there’s no time pressure
– Two neighbouring sites have or are being developed, taking advantage of the rear lane
– This site has 3 way access, giving it a unique development envelope for those so inclined
Yes she is rough and yes she needs work, but no she isn’t derelict or unliveable, she’s not beyond redemption and she offers a lot of very charming and endearing qualities and a great tenant who will let you potter around and do her up over time.
These owners aren’t asking a stars and moon price, they want a sale, so come along and tell us what she is worth to you and we will see what we can make happen!
