This home provides a great opportunity for those looking for an investment property returning $300 per week, with a great tenant and current lease. The home is close to schools, parks, shops and the University of Newcastle.

This brick home is set back from the road which minimizes noise and helps with privacy. There are security screens on all of the windows and front and back doors. With two bedrooms, an internal laundry, new kitchen, gas oven and cook top, gas hot water, combined dining and living area and large backyard (658m2 total land size) with a double garage and carport for two cars – the house provides all you need.

The back yard features a wonderful Jacaranda tree, a lovely lawn and is fully fenced. With reverse cycle air conditioning this is too good of an opportunity to miss! There is no further money to be spent on improving the home although there is enormous potential to enhance or extend subject to council approval.

Please note: The current lease commenced in January 2008 for a 12 month term.

This is an ideal property for investors looking for the safety of bricks and mortar during an uncertain time on the stock market.