38 Codrington Street Newstead

Sold $710,000



* Great investment with 1year leases and rental income of $790 week (less power/water costs)
* Main house with 3 bedrooms, 1 bathroom, modern kitchen with breakfast bar
* Modern and open kitchen/dining areas
* Servery window from kitchen to large entertainment deck
* Studio with 2 bedrooms, contemporary kitchen, modern bathroom
* Large 2,500m² block
* Impressive 9 x 14.5m shed containing studio, concrete floor, power and plenty of space
* Plenty of time to generate income while planning your relocation to this fabulous
* 500m from Newstead Primary school
* School bus servicing public and private schools in Bendigo and Castlemaine

The inside of the house is clean, open and beautifully presented. With a modern kitchen including breakfast bar and serving window that opens out to the entertainment deck, this property will impress families, tradies and those that love to entertain.

The 3 bedrooms all have ceiling fans and year round comfort is further guaranteed by wood heater and Split system.

With dual street access and good space away from the neighbours, this 3 bedroom property is ideally suited to the growing family who want room to move both inside and outside, as well as having the space to add their own touch.

The yard is securely fenced and although it is big, it is very easily maintained. The large block of 2,500m² boasts a 14.5m x 9m insulated shed.

A highlight of this property is reserved for the rear of the home and included in the shed. A large self-contained studio with two light filled bedrooms, split system, contemporary kitchen/living, modern bathroom and easy rear access for two vehicles provides a great additional source of income, granny flat, additional family bedrooms or guest accommodation.

This lovely separate accommodation is peacefully nestled in amongst beautiful native flora and just a few minutes walk to the Loddon River and Sports Ground.

This property offers the opportunity to earn significant rental income for the next year while planning your escape from busy suburban living with an option for further income as a permanent rental or Air BNB.

Newstead features a primary school only 500m down the road, bus service to the Castlemaine and Bendigo secondary schools, newsagent, post office, supermarket, bakery, pub, café, butcher, pool and nearby wineries. The kids are guaranteed to flourish and love growing up in the Country, while the family enjoy easy access to the major Regional Cities of Ballarat and Geelong.

Property ID 1P1452
Property Type House
Contract Sold
Land 2500m2
Bedrooms 5
Bathrooms 2
Carport 6
Air Conditioning
Built in Robes