32 Rabaul St

Shortland NSW 2307

607 m²

House

Currently for sale - view listing

Overview

Corner Block with Exciting Future Potential

Situated on a generous 593m² corner block with two street frontages, this three-bedroom home presents an excellent opportunity for first home buyers, investors and renovators seeking a property with scope to add value. The home is ready for a fresh vision, with the kitchen positioned at the rear overlooking the north-facing backyard. The adjoining dining area connects the kitchen and living spaces, while the backyard offers the potential to create an entertaining deck and maximise natural light. The existing garage is accessed from MacArthur Street, providing flexibility to retain, enlarge or investigate alternative uses, including the potential for a granny flat. A second driveway from Rabaul Street could also provide additional off-street parking or access, all subject to approval. For those looking beyond the existing home, the corner position and dual street frontage offer potential for future redevelopment, including the possibility of a knockdown and rebuild, subject to council requirements. Located approximately 5 minutes from Newcastle University and close to Shortland Wetlands and local shops, the property offers convenient access to everyday amenities. Shortland shops are approximately 1km away and include a café, pub, butcher, takeaway options and two service stations. With the Inner City Bypass nearing completion, connectivity to Newcastle and surrounding suburbs is set to improve further. Key Property Features: ● 593m² corner block with two street frontages ● Three-bedroom home with renovation potential ● North-facing rear yard ● Existing garage with MacArthur Street access ● Potential for additional driveway from Rabaul Street, subject to approval ● Potential for granny flat or future redevelopment, subject to council approval ● Approximately 5 minutes to Newcastle University ● Close to Shortland Wetlands and local shops ● Suitable for first home buyers, investors and renovators Council rates approx $597 p/q Water rates approx $286 p/q Estimated rental return in current condition $520 - $560. Disclaimer: We have obtained all information from sources we believe to be reliable; however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.