Back 345 Park Ave
Off Market

345 Park Ave

Kotara NSW 2289

5
3
5
0 m²
1100 m²
House
Liam McAlisterLiam McAlister, last sold this property on 16 December 2024 after 126 days on market.

Overview

Exceptional Opportunity – Spacious Home with Granny Flat for Investors and Multigenerational Families

Tucked in a prime location with convenient access to many of Newcastle's sought-after attractions, this exceptional property offers a rare blend of opportunity and comfort, perfect for both savvy investors and multigenerational families. With two self-contained dwellings on a massive 1109sqm expansive block, it provides both a comfortable living space and a smart investment prospect. Bathed in natural light from its north-facing orientation, the main residence features two expansive living areas, ideal for both relaxation and entertainment. The oversized lounge can be closed off for cozy movie nights or epic gaming sessions, while the good-sized dining/family room provides an ideal setting for family dinners, children's playtime, or focused homework sessions. At the heart of these spaces, the U-shaped kitchen includes a gas hob, Fisher & Paykel Dishdrawer, and ample storage, making meal prep a breeze. Three good-sized bedrooms include a master with a built-in robe and ensuite for added convenience, while the family bathroom is appointed with a full-sized bath and shower. A carport and turning bay are conveniently positioned at the front of this property offering off-street parking for four vehicles. Adding further value to this unique property is the modern granny flat. Fully self-contained, it radiates visual appeal with an expansive timber deck, perfect for outdoor entertaining. It also features an internal garage with a remote opener and a separate driveway for easy access. Inside, vaulted ceilings create an airy and spacious atmosphere, with air-conditioning for added comfort. The generously proportioned master bedroom includes a built-in robe and ceiling fan, while the second bedroom would make an excellent study. Completing this attractive abode are a contemporary kitchen and bathroom. Convenience is key at this property's location. Perfectly positioned for families, it is zoned for Kotara South Public and Kotara High Schools, with added private school options nearby. Westfield and Charlestown Square are just a short drive away, and for commuters, Kotara Station is within walking distance. The bus stop is only steps away, and for car commuters it's just a quick zip up to the bypass. For nature lovers, Blackbutt Nature Reserve and Raspberry Gully are just around the corner, while Lake Macquarie and fabulous beaches are only a short drive away. Properties like this simply don't come along often. Investors will be thrilled with the excellent rental return of $1,150 per week, while multigenerational families will love the flexibility of dual dwellings. Don't miss out on this extraordinary opportunity – come and inspect today! Features include: - Comfortable three-bedroom home and self-contained two-bedroom granny flat – ideal for investors or multi-generational buyers. - Convenient location to shops, schools, playing fields, the lake and beaches. - Current rental return of $1,150 per week. Main home: - Two living areas including a large lounge and a separate dining/family room. - U-shaped kitchen with ample storage and benchspace. - Three good-sized bedrooms, master with air-conditioning and built-in robe. - Ensuite to master bedroom, family bathroom with full-sized bath, separate shower and a separate toilet. - Front north-facing patio for entertaining. - Carport, turning bay and off-street parking for four vehicles. Granny flat: - Open-plan living and dining area with AC, two bedrooms, contemporary kitchen and bathroom, expansive private deck, remote-opening double garage. Private entrance. To find out more about this property, please contact Alex Brooks on 02 4926 0630. Outgoings: Water rates: $915.72 approx per annum Council rates: $2,244 approx per annum Disclaimer: All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.

Features

5 bedrooms
3 bathrooms
5 carspaces
5 garage spaces
0 m² floor area
1100 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Kotara over the last 12 months, the estimated median property value of 345 Park Ave is $1.72m.

Median value
$1.72m
Estimated value range
$850k - $2.15m
Median days on market
50
Estimated value trend
48%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Kotara. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 345 Park Ave

2025
Rented
Undisclosed
Leased on 22 Jul 2025 by LJ Hooker Lake Macquarie | Warners Bay
2024
Sold
Undisclosed
16 Dec 2024 by Liam McAlister, of Presence Real Estate Newcastle
2021
Rented
Undisclosed
Leased on 20 Sep 2021 by LJ Hooker Charlestown

Happy sellers in Kotara

94%
94% of sellers in Kotara reported that their sale price either exceeded or met their price expectations.

Kotara stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 16 reviews in Kotara over the last 12 months.

Local market activity for 5 bedroom houses in Kotara

In the last 12 months, 7 five-bedroom houses similar to 345 Park Ave, have been sold.

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