Set in an established and increasingly sought-after suburb, this is a rare opportunity to secure a substantial corner block with exciting potential to create something truly special. Whether you're a developer looking for your next project, an investor seeking future opportunity or a home buyer with a vision, the possibilities are compelling. While the existing home offers scope to renovate and add value, the property's real appeal lies in its exciting development potential, subject to council approval.
The existing home has been held by the same family since it was built approximately 70 years ago, offering a wonderful sense of history and potential for its next owner. Featuring two bedrooms, a neat kitchen and bathroom, a lounge room with fireplace, separate dining room and sunroom, the home provides a solid foundation for renovation or future plans. A freestanding double garage adds further practicality, while the expansive corner block remains the standout feature, offering space and flexibility to explore the property's exciting potential.
The possibilities here are exciting, whether you choose to retain the existing home and explore the potential to build a duplex at the rear (subject to council approval), or start afresh and unlock the full potential of this substantial corner block. For families or first home buyers, there is also the opportunity to renovate, create your dream home and add features such as a swimming pool or an impressive outdoor entertaining area. Opportunities like this are rarely found, offering the space, flexibility and potential to turn your vision into reality.
Conveniently located close to public transport, Glendale Shopping Centre, Bunnings, Costco, Waratah Golf Club, local schools, parks and Lake Macquarie. With demand for modern, low-maintenance living options continuing to appeal to buyers seeking affordability and convenience, this is an opportunity well worth exploring.
Potential Rent - $575 per week.
Council Rates - $572.38 per quarter.
Water Rates - $300.12 + usage per third.
This is a fantastic opportunity to secure a property in one of the region's popular and well-established suburbs, offering both immediate potential and exciting possibilities for the future.
A contract for sale is available for your information.
