12 Pyramus Way, Tanilba Bay

Invest within 500m from the water so your tenants can enjoy the laidback lifestyle offered by this single level brick and tile home.

Boat-lovers will relish easy access to the crystal clear waters of the local waterways, while nature lovers will delight in the large tracts of native bushland and picturesque walking trails.

Inside, easy to maintain comfortable living awaits and outside there is a 660 square metre level block of land with backyard access. A natural colour palette adds to the allure of the home, which intelligently zones four large bedrooms, the master with with ensuite, and a bright family bathroom.

Other features include a double lockup garage and backyard access to a large fully fenced yard and air-conditioned living and dining area.

The suburb offers a Coles supermarket and local village shopping precinct, while the nearby tourist mecca of Nelson Bay offers an abundance of water activities, specialty shops, seaside bars and restaurants. It is an easy 21km from Newcastle's airport.

The property is currently returning $450 per week in rent.