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123 Bedford Street,
Newtown 2042, New South Wales
$1,750,000
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High-yielding licensed boarding house with potential to create higher yield or residential
Unique to the market, this licensed six-room boarding house presents a superb investment opportunity in a key location just 650m to Newtown station and within easy walking distance of the University of Sydney campus and the RPA Hospital precinct. A solid income-earner, the two-storey property comes with a 10 month leasehold in place ensuring a steady income stream along with capital growth potential ideal for the long-term investor, SMSF buyer or developer. A premium asset class with a future upside, the wide-fronted terrace is in the heart of Sydney's vibrant bohemian culture and a short stroll to Enmore Road's small bar scene and music venues. On a dual access block with a NE facing backyard, approx in a connected urban village neighbourhood with the buzz of King Street at the top of the street and easy access to the city.
- Licensed 6-room boarding house in the heart of Newtown
- 2 storey terrace with rear lane access and a NE courtyard
- A prime location, 1.5km walk to the University of Sydney
- Low-maintenance and high-yielding investment prospect
- Current total rental return $62,400 per annum
- Future uplift with scope to generate higher income
- High rental demand, ideal for students and medical workers
- Stroll up to King Street's dining and entertainment hub
- Rates: Water $169pq, Council $461pq (Both approx.)
Contact Timothy Gorring 0438 822 281
Shaun Stoker 0424 172 217
Our recommended loan broker: Tommy Nguyen (www.loanmarket.com.au/tommy-nguyen)
- Licensed 6-room boarding house in the heart of Newtown
- 2 storey terrace with rear lane access and a NE courtyard
- A prime location, 1.5km walk to the University of Sydney
- Low-maintenance and high-yielding investment prospect
- Current total rental return $62,400 per annum
- Future uplift with scope to generate higher income
- High rental demand, ideal for students and medical workers
- Stroll up to King Street's dining and entertainment hub
- Rates: Water $169pq, Council $461pq (Both approx.)
Contact Timothy Gorring 0438 822 281
Shaun Stoker 0424 172 217
Our recommended loan broker: Tommy Nguyen (www.loanmarket.com.au/tommy-nguyen)
Explore the area
School catchments
- The Athena School Combined K-10 Independent 0.15km
- Australia Street Infants School Primary P-2 Government 0.41km
- Newington College - Wyvern House Preparatory School Primary Independent 0.60km
- Newtown High School of Performing Arts Secondary 7-12 Government 0.64km
- Stanmore Public School Primary K-6 Government 0.73km
- Newtown Public School Primary K-6 Government 0.75km
- St Michael's Catholic Primary School Primary K-6 Catholic 0.84km
- Newington College Secondary K-12 Independent 0.97km
- Annandale Public School Primary P-6 Government 1.2km
- Camdenville Public School Primary P-6 Government 1.2km
- Newtown North Public School Primary K-6 Government 1.2km
- St Brendan's Catholic Primary School Primary K-6 Catholic 1.3km
- St Pius' Catholic Primary School Primary K-6 Catholic 1.3km
- Erskineville Public School Primary K-6 Government 1.3km
- St Mary's Catholic Primary School Primary K-6 Catholic 1.4km
- Marrickville Public School Primary K-6 Government 1.5km
- Darlington Public School Primary P-6 Government 1.5km
- Marrickville High School Secondary 7-12 Government 1.9km
- Central Sydney Intensive English High School Secondary 7-11 Government 2.0km
- Fort Street High School Secondary 7-12 Government 2.0km
- NSW School of Languages Secondary Government 2.1km
- Alexandria Park Community School Combined K-12 Government 2.1km
- Sydney Secondary College Leichhardt Campus Secondary 7-10 Government 2.2km
- Australian Performing Arts Grammar School Secondary 7-12 Independent 2.3km
- St Scholastica's College Glebe Point Secondary 7-12 Independent 2.3km
- Christian Brothers' High School Lewisham Combined 5-12 Independent 2.6km
- International Grammar School Combined K-12 Independent 2.6km
- Casimir Catholic College Secondary 7-12 Catholic 2.6km
- Sydney Secondary College Blackwattle Bay Campus Secondary 11-12 Government 2.7km
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.
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Contact Timothy Gorring
Contact Timothy Gorring
Timothy Gorring
123 Bedford Street, Newtown NSW 2042
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Timothy Gorring
123 Bedford Street, Newtown NSW 2042