Dual-Income Opportunity with Separate Studio

A fantastic opportunity for investors, extended families or those seeking additional income, 39 Macquarie Street, Fennell Bay offers the flexibility of a comfortable two-bedroom main residence plus a separately accessed one-bedroom studio, each with its own private outdoor space.

The main residence is currently leased until 26 November 2026 at $530 per week, with excellent tenants who are hoping to remain long term, providing an immediate rental return.

The separately accessed one-bedroom studio is currently vacant, offering flexibility for an owner-occupier, family member or new tenant. With an estimated rental potential of approximately $400-$450 per week, there is an opportunity to further increase the overall return.

Main Residence -
• 2 bedrooms, both with built-in wardrobes
• 1 bathroom
• Single lock-up garage
• Open-plan living and dining
• Air conditioning
• Kitchen with dishwasher & walk-in pantry
• Separate laundry with additional toilet
• Solar panels & solar hot water
• Generous private backyard
• Covered entertaining deck
• Currently leased at $530 per week until 26/11/2026
• Excellent tenants hoping to remain long term

Separate Studio -
• 1 bedroom with built-in wardrobe
• 1 bathroom
• Combined bathroom & laundry
• Open-plan living and dining
• Kitchen with dishwasher
• Air conditioning
• Separate access
• Private backyard
• Covered outdoor area
• Shed with access for storage
• Currently vacant
• Estimated rental potential of approximately $400-$450 per week

With a potential combined rental return of approximately $930-$980 per week, this versatile property offers immediate income from the main residence, with further rental potential from the separate studio.

Whether you're looking to invest, accommodate extended family or secure a property with additional income potential, this is an opportunity worth inspecting.

*Floor plans available upon request
*Call now for a private inspection

From all of us at Ray White Toronto - Wangi Wangi - North Lake Macquarie, we wish you every success in the search for your next property. If you would like more detail on this or to chat about one of the many other properties we have available please call or email us today.

DISCLAIMER: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document.

Inspections

Explore the area

School catchments

Fennell Bay Public School Primary K-6 Government 0.64km
Charlton Christian College Combined K-12 Independent 1.1km
Fassifern Public School Primary K-6 Government 1.4km
Blackalls Park Public School Primary K-6 Government 1.8km
St Paul's Catholic College Secondary 7-12 Catholic 1.9km
Toronto Public School Primary K-6 Government 2.0km
Booragul Primary School Primary Catholic 2.1km
Toronto High School Secondary 7-12 Government 2.4km
Booragul Public School Primary K-6 Government 2.4km
Lake Macquarie High School Secondary 7-12 Government 2.4km
Biraban Public School Primary K-6 Government 2.7km
Teralba Public School Primary K-6 Government 3.3km
St Joseph's Primary School Primary K-6 Catholic 4.2km
Speers Point Public School Primary K-6 Government 4.3km
Eleebana Public School Primary K-6 Government 4.4km
Valentine Public School Primary K-6 Government 4.9km
Toronto Adventist School Primary K-6 Independent 5.1km
Boolaroo Public School Primary K-6 Government 5.1km
Warners Bay High School Secondary 7-12 Government 6.0km
Belmont High School Secondary 7-12 Government 7.3km
Belmont Christian College Combined K-12 Independent 7.9km
Cardiff High School Secondary 7-12 Government 8.3km
Glendale Technology High School Secondary 7-12 Government 8.5km
Hunter Sports High School Secondary 7-12 Government 8.9km
West Wallsend High School Secondary 7-12 Government 9.0km
St Mary's Catholic College Secondary 7-12 Catholic 9.2km
Macquarie College Combined K-12 Independent 9.2km
Newcastle Waldorf School Combined K-12 Independent 9.3km
Whitebridge High School Secondary 7-12 Government 11.1km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.