2C Evans Street
Bellingen, NSW 2454

This elevated residence in one of Bellingen's most sought-after locations offers a unique investment opportunity with two long-term tenancies currently in place, generating a combined rental income exceeding $78,000 per annum. The property comprises a main residence and a separate cottage, both leased to reliable tenants, making it an attractive income-producing asset ready for market release.

The main residence features three bedrooms, each with its own en-suite bathroom, providing privacy and convenience for occupants. It includes a generous living area and a single garage, offering comfortable family living. Adjacent to the main home is a self-contained unit with a kitchenette, living area, a spacious bedroom (serving as a fourth bedroom), and a bathroom, enhancing the property's versatility.

The separate cottage is very private and currently leased at $520 per week. It includes one large bedroom, a light-filled living area, and a three-bay carport, ideal for additional parking or storage. Together, both residences deliver a strong annual return, making this a rare opportunity to secure a character-filled property in Bellingen with immediate income and long-term flexibility.

Investors will appreciate the set-and-forget nature of this property, benefiting from strong weekly income, reduced vacancy risk, and established long-term tenancy arrangements from day one. Lifestyle buyers will find future flexibility in holding the property securely now with options for personal use, extended family accommodation, or value-add opportunities over time.

Set amidst established gardens with mountain views, the property offers peaceful privacy and generous living zones. The dual-income structure, combined with walkable proximity to Bellingen's cafes, schools, markets, and river swimming spots, enhances tenant appeal and market desirability.

Key investment highlights include:

• Main residence leased at $985 per week to a long-term tenant.
• Separate cottage leased at $520 per week to a long-term tenant.
• Combined rental income of $1,505 per week, providing strong and reliable returns.
• Income secured with tenancy arrangements in place, ready for market release.
• Separate cottage with independent power meter, ideal for secondary rental income or extended family use.
• Strong investor-grade performance with dual-income appeal and reduced reliance on a single tenancy.
• Three distinct living zones supporting spacious family living, tenant comfort, and future dual-living flexibility.
• Elevated balconies offering mountain outlooks, adding lifestyle value and tenant desirability.
• Resort-inspired gardens with established palms and a swimming pool, creating a private and appealing outdoor environment.
• Solid brick construction with timeless character, ensuring durable and low-maintenance ownership.
• Wheelchair-accessible suite with ramp and en-suite, broadening occupancy appeal and lifestyle flexibility.
• Walkable proximity to local amenities supporting tenant retention and long-term demand.
• Reduced operational intensity compared with short-stay or holiday-let models, offering consistent income.
• Improved lending appeal through established long-term lease income.
• Scope to hold comfortably over the medium to long term without immediate renovation pressure.
• Balanced appeal to investors, future owner-occupiers, and lifestyle purchasers, creating strong resale flexibility over time.