Positioned in a high-exposure, ultra-convenient Newtown location, this extensively renovated early-1900s property offers a standout dual-income opportunity. Situated directly opposite major retail and just minutes from the CBD, the property offers strong returns and future flexibility for investors or owner-occupiers alike.
Generating a combined rental income of $995 per week, the property comprises a renovated character home plus a fully self-contained two-bedroom granny flat. Both dwellings are separately metered for water and electricity, enhancing tenant independence and investment appeal.
Main Residence – Character Charm with Modern Comforts
The main home offers three spacious bedrooms, each complete with built-in wardrobes, ceiling fans, smoke alarms, and polished timber flooring. The master features his-and-her built-ins, while a versatile separate office can serve as a fourth bedroom or work-from-home space.
The air-conditioned living area is light-filled and functional, equipped with LED lighting, ceiling fans, and NBN connectivity. The adjoining kitchen and dining space is well-appointed with a ceramic cooktop, rangehood, dishwasher, pantry, and ample storage.
A recently retiled bathroom includes a bath, shower, vanity, and toilet, complemented by a second toilet located downstairs. Additional features include an electric hot water system, plus a generous under-house laundry and storage area.
Granny Flat – 275B James Street
Privately positioned, the fully self-contained granny flat offers two bedrooms, both with built-ins and ceiling fans, serviced by a modern bathroom with shower, vanity, and toilet.
The open-plan living area is air-conditioned and flows to a well-equipped kitchen featuring timber benchtops, quality appliances, a dishwasher, and ample cabinetry. Vinyl plank flooring runs throughout for low-maintenance living.
Externally, the granny flat includes a fully fenced private yard, carport accommodation, separate metering, and its own washing line. Currently rented at $460 per week, it represents a strong and reliable income stream.
Outdoor & Additional Features
• Double carport with remote-controlled garage door to the main house
• Side access with long driveway for additional parking
• Private backyard with maintained gardens
• Large under-house storage (ideal for tools and equipment)
• Fresh external paintwork
• Upgraded power system and NBN connected
Located within close proximity to schools, public transport, hospitals, and everyday amenities, this is a rare opportunity to secure a high-performing asset in a tightly held location.
Invest, occupy, or maximise returns – the choice is yours.

GENERAL RATES: $1,469.10 per half-year
WATER RATES: $377.40 per half-year

For more information, don't hesitate to get in touch with Paddy on 0428 795 535 or paddy.ryan@ngurealestate.com.au