With the popularity of this inner-city suburb on the rise, there is no better time to secure your own piece of it. If you are looking for an investment or a place to call home or even a combination of both, then this property will suit you. With the opportunity of high rental return and capital growth this home has plenty to offer, with a long list of features:

* Spacious 6_bedroom home
* Self-contained, air-conditioned studio granny flat at the rear
* Roomy rear deck with views of Throsby Creek
* Laminate eat-in kitchen with gas cooking
* Polished floorboards in the living area, carpet in the bedrooms
* Situated on 271m2 block
* 2 bathrooms inside the house
* Located opposite Tighes Hill Public School

For the investor, the current owner is willing to lease the property back at a rental of $1,350/week for 2 years. There is also the possibility that he would look to extend the lease at the end of that time.

For the owner occupier you could lease out the home for 2 years, earning $70,200/year in income while you create the plans for your dream future home. Or you could move into the house and lease out downstairs on Air BNB to supplement your income, with a current income of $80/night +cleaning costs.

There is so much to like about this opportunity in the sought-after suburb of Tighes Hill. The location is close to public transport and cycleways that provide easy access to the city, the harbour, beaches and Newcastle University. It is also a short walk to the TAFE and popular cafes and hotels.

After owing this home for over 30 years this owner is ready to work on new projects and is regrettably offering this property for sale. This is a fantastic opportunity to get an outstanding investment with excellent capital growth in a location that is growing in popularity and demand. Contact agent and register your interest today.

Council Rates: $2,073/annum
Water Rates: $2,322/annum, including usage