Nestled within the tranquil and picturesque surrounds of Londonderry, this fantastic high and dry 5 acre property presents an excellent opportunity to secure a versatile and functional lifestyle. Offering not one but 2 council approved homes, this is an ideal investment for those looking to accommodate extended family or generate rental income. The estimated potential rental income for the entire property is $1000-$1300 per week. Located just off Castlereagh Rd, and on the high side of Londonderry where the property sits approx 23.5 meters above sea level, this one ticks all the boxes. Recently renovated throughout, the main brick and tile residence is spacious and inviting, featuring 3 bedrooms with built-in robes, and a large bathroom. A light filled living room greets you upon entry, flowing seamlessly to the kitchen and dining area, making family living an effortless experience. With all the work undertaken, new owners will enjoy the revitalised interiors, from the timber floors and premium carpet, to the plantation shutters and ducted air. Furthermore, a complete renovation of the main bathroom and kitchen has left no stone unturned. The bathroom transformation includes full height tiling, dual basin vanity, freestanding tub, and frameless shower screen, while the kitchen features Calacatta stone benchtops and splashbacks, a built-in appliance tower with convection and steam ovens, and a breakfast bar. The second home is equally impressive, boasting 2 bedrooms, bathroom, and a separate water closet. The living room connects to the kitchen and dining zone, with a sunroom and expansive verandah providing ample space to unwind and entertain. Stepping outdoors, a sparkling kidney pool is surrounded by lush greenery, creating a serene, relaxing atmosphere. Additional storage is provided by a detached garage and a rural shed, while town water and a dam ensure convenience and practicality. Also included in the main home's renovation are extensive stormwater and concrete works around the house, ready for a new driveway, and strategic electrical works to provide electric gates on either side of the property. The property's location is equally valuable, situated just a short drive from St Paul's Grammar School and Xavier College. Meanwhile, Richmond can be reached with only a 5 minute drive and Penrith CBD in just 20 minutes, providing easy access to a range of amenities. Features: - Serene 5 acre property with 2 separate council approved homes - Main residence with 3 bedrooms, 2 with built-in robes, and a large bathroom - Fully renovated throughout with quality and premium inclusions - Light filled living room connects effortlessly to the kitchen and dining area - Second home with 2 bedrooms, a main bathroom, and a separate water closet - Spacious living room that leads to the kitchen and dining zone - Additional sunroom and expansive verandah for alfresco enjoyment - Fenced kidney pool with brick paver deck surrounded by lush greenery - Detached garage and rural shed provides ample storage for vehicles and tools - Presence of town water and a dam adds convenience and practicality - Close proximity to St Paul's Grammar School and Xavier College - 5 minute drive from Richmond and 20 minutes from Penrith's range of amenities Phone your friendly Cutcliffe agent today to organise a visit.