Brimming with rental potential, this home is a rare find for investors, its solid cottage bones divided into two separate two-bedroom flats with a third, self-contained one-bedroom flat. With a current rental return of $845 per week, it presents the perfect opportunity to secure a prime inner-city block now while demand for rental properties is high, with scope to change its configuration and modernise should you wish in future. The first flat with entry from the front porch features an open-plan kitchen, living and dining area plus a tidy bathroom with a shower over the bath. The adjoining flat sharing only one common wall offers similar sized bedrooms with separate living and dining areas plus an undercover patio, a modern bathroom and a stainless steel oven and gas cooktop in the kitchen. There is drive-through access to the third, free-standing flat, a neat package delivering a good sized bedroom and tiled living area and kitchen with gas cooking, as well as an internal laundry and a screened outdoor patio. Married together by a lawned common area perfect for backyard gatherings and handy off-street parking, it is the ideal set-up for multiple tenants, close to supermarkets, pubs and takeaway shops and only a 10-minute drive from the Newcastle CBD. - Classic cottage facade on a level block - Flat 1: Two bedrooms, open-plan kitchen, living and dining, shower over bath (Rent $290 pw) - Flat 2: Two bedrooms, seperate living and dining, updated bathroom and undercover patio (Rent $290 pw) - Flat 3: One bedroom, tiled living area and gas kitchen, internal laundry and screened patio (Rent $265 pw) - Low-maintenance backyard and handy off-street parking on the driveway - Easy walking distance to Woolworths, Coles and ALDI supermarkets