59 Gladstone Street
Mudgee, NSW 2850

Overview

59 Gladstone Street, Mudgee NSW 2850

'Peggy's Cottage' is a charming circa 1900 double brick home located in the heart of Mudgee's CBD, blending historic character with modern flexibility. The property features original windows, beautiful brickwork, high ceilings, and a wide hallway, all lovingly preserved to maintain its timeless appeal.

The main residence offers two bedrooms, each equipped with built-in robes and ceiling fans, complemented by a cosy loungeroom featuring an open woodfire and pressed metal ceilings. The eat-in kitchen is designed with excellent storage and large windows that provide ample natural light. The main bathroom is tidy and functional, including a walk-in shower and a deep bathtub for comfort.

Outdoor living is enhanced by a covered alfresco area, perfect for relaxation, and the fully fenced yard is easy to maintain. Additionally, the property includes a separate modern one-bedroom cottage with private access and a carport, currently leased to quality tenants, contributing to a combined rental return exceeding $800 per week.

Storage and workspace needs are met with a double lock-up shed, offering excellent space for various uses. The property's prime CBD location places it within walking distance to shops, cafes, and amenities, making it highly convenient for residents.

The owners appreciate the property's unique blend of character, location, and versatility, enjoying both the charm of the original cottage and the security of a second income stream. With impeccable tenants in place and consistent returns, this property represents a rewarding investment and a home full of personality.

Opportunities combining historic presentation with strong income potential are rare in Mudgee, making this an exceptional offering for buyers seeking lifestyle and investment benefits in one package.

Location