40 Nottingham Street, Berkeley NSW 2506

Four-bedder with detached studio | quiet family street | move-in ready with update scope | strong rental yield potential This property presents a competitively strong offering due to its dual-income configuration, featuring a main house and a self-contained studio, which is rare for the price point. This setup creates immediate value for investors through rental segmentation or for families needing multi-generational space. Its position on a quiet street near amenities and schools, coupled with a modernised kitchen and bathroom, makes it a move-in ready proposition that appeals to first-home buyers and investors alike, with the ‘update scope’ offering capital growth potential. Key decision points involve reconciling the bedroom count discrepancy, which could affect valuation and financing, and the council rates which add approximately $64 per week to holding costs. The opportunity lies in leveraging the studio’s income to offset mortgage costs, with a projected yield exceeding the suburb average. This is a hold proposition for five to seven years to realise renovation equity and rental growth. For precise valuation against recent sales and to assess locality risks like zoning, a PropCred report provides the necessary due diligence. Comparable listings indicate: – 36 Nottingham St: $770K-$825K for 2 beds on 694sqm – 40 Norfolk St: ~$944K for 4-bed townhouse on 965sqm – Berkeley 3-bed median: $803,000 This context suggests the subject property’s $780,000 guide is positioned for its four-bedroom and studio offering, but buyers must verify the bedroom count to ensure price alignment.