Islington 40 Morgan Street
Two Flats, Strong Rental Return and an Inner-City Address
A trendy lifestyle location delivering wide investor appeal with great tenants already in place, this offering promises a lucrative purchase opportunity. Currently configured as two flats under the one roof. Welcoming interiors boast single level living, highlighted by a queen sized bedroom and access to private rear gardens. With plenty of future scope to live in one and rent the other, or potentially redesign into an inspired family home, the setting of this property will instantly captivate a range of buyers seeking an inner-city abode. A leisurely stroll to cosmopolitan Beaumont Street, a range of great cafes, corner pubs and glorious Islington Park with its cycle ways leading directly to the CBD.
- Premium city lifestyle location close to all the action
- Configured for dual occupancy and returning a combined income of $480 per week with potential for an increase
- Both flats enjoy central living rooms and spacious eat-in kitchens
- Internal bathrooms with individual laundry facilities
- Keep as an investment and return it to a single dwelling when the time is right
- Peacefully positioned towards the end of a no through road
Sold $605,000
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Property Information
- Land area approx 245sqm
- Council Rates $1852/year
- Water Rates $836/year
Property Features
- Close to Schools
- Close to Shops
- Close to Transport
Local Information Islington
- Government Schools
- Independent Schools
Combined
- Hunter School of Performing Arts
Primary
- Islington Public School
- Tighes Hill Public School
- Hamilton Public School
Secondary
- Newcastle High School
- Merewether High School
- Callaghan College Waratah Technology Campus
Special
- Newcastle Senior School
- Newcastle Middle School
Combined
- St Philip's Christian College - Waratah
- Hunter Christian School
- Newcastle Grammar School
Primary
- St Columban's Primary School
- Newcastle Grammar Park School Campus
- St Joseph's Primary School
Secondary
- St Francis Xavier's College
- San Clemente High School
- St Francis Xavier's College, San Clemente campus
Special
- St Laurence Flexible Learning Centre
- St Dominic's Centre
- Alesco Senior College