16 Cherry Street, Windale NSW 2306

Dual income configuration on single title | Quiet street in tight school catchment | Fully fenced with two separate dwellings | No overlay constraints on usable 592sqm block The property’s defining competitive advantage is the legal dual-occupancy setup on a single title, which effectively delivers two rental incomes from one purchase. For a buyer seeking yield without strata complexity, this is structurally rare in Windale. The 208sqm building footprint split between a 3-bed main home and a 2-bed granny flat allows for flexible occupancy—owner-occupy one side while the other covers the mortgage, or hold both for cash flow. The school catchment and quiet street position it well for tenant demand from families and essential workers. At 35% building coverage, there is also modest scope for future improvement or extension, though not required for the current income model. The risk is that the property sits at the upper end of the local market, and resale liquidity may be thinner than for a standard family home. The dual-occupancy configuration narrows the buyer pool to investors or multi-generational households, which can lengthen holding periods if you need to exit. However, the gross yield of approximately 5% on current rental estimates is strong for the area and provides a genuine buffer against interest rate movements. The absence of flood, bushfire, or heritage overlays removes costly compliance surprises. For a buyer with a 5-year horizon, this property functions best as a held income position rather than a flip.