New Lambton Heights 41 Lookout Road

41 Lookout Road, with 3 properties in 1, represents a magnificent opportunity with a high rental return for someone seeking a dual-income investment. There is also the opportunity to convert the existing home back into the one 5-bedroom dwelling whilst also keeping the 2-bedroom granny flat so as to gain separate income on your principle place of residence. With the property situated on a 942m2 block, there is also the potential for future re-development.

The current rent is as follows:

Property One (Upstairs) – $430 / week
Property Two (Downstairs) – $225 / week
Property Three (Granny Flat) – $350 / week
Total - $1005 / week

The property features include:

Property One:

Four bedrooms, main and bedroom 4 with built-insBathroom with vanity, separate shower and bath & toiletLarge open plan living areaSplit-system air conditioningModern kitchen with gas cooktop, large island benchtop and washing machineSlow combustion fire placeFoxtel connections Outdoor balcony / undercover entertaining area
Property Two:

One large bedroom with built-inKitchen with electric cooktop and adjacent living / diningCombined bathroom & laundrySeparate toilet
Property Three:

Two bedrooms, both with built-insLiving room with air-conditioningKitchen with ample bench space, dishwasher and electric cooktop Bathroom with vanity, shower and toiletLaundry with extra toilet
Whether it be for pure investment or as a separate income at your principle place of residence, this opportunity is truly unique and makes for a wonderful investment opportunity.

Council Rates: Approx. $443.55 p/q
Water Rates: Approx. $263 + usage p/q

*Some information contained in above marketing is sourced from third parties such as Corelogic Pty Ltd.*

Property Information

• Land area approx 942sqm

Property Features

• Carports 3