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Back 47 Lorna Street
Off Market

47 Lorna Street

Waratah NSW 2298

6
3
4
460 m²
House
Last sold for $965,000
Allen ReeceAllen Reece, last sold this property on 04 March 2026 after 147 days on market.

Overview

Prime High Yield Investment I Flexible Future Upside

Delivering a strong gross yield of approximately $1,310 per week, this six bedroom property represents an outstanding investment opportunity in one of Newcastle's most tightly held and high demand precincts. Currently leased on a per room residential basis, the home is ideally positioned directly opposite Waratah Hospital and within easy walking distance to Newcastle University, ensuring consistent rental demand from hospital staff, students, and professionals. Key Features: • Six generous bedrooms, all with built-in robes and ceiling fans • Master bedroom with walk-in robe and private ensuite • Open-plan living with a north facing aspect • Large deck flowing from the main living area • Strong existing cash flow with further upside available Value Add Opportunities: • Scope to reconfigure for higher yield through layout optimisation • Option to convert to a four bedroom home with double garage, appealing to owner occupiers or long term tenants • Flexibility to transition from pure investment to a quality family residence Why This Location Works Waratah continues to be a highly sought after suburb, driven by proximity to major employment hubs, education facilities, transport, shopping and essential services. This is a rare chance to secure a high performing asset today with the ability to enhance returns or reposition for future capital growth. Ideal for investors seeking immediate income with strategic upside. For further details contact exclusive listing agent Allen Reece on 0409 814 400.

Features

6 bedrooms
3 bathrooms
4 carspaces
4 open car spaces
460 m² lot size
House

Estimated Value

We need at least 3 similar 6 bedroom houses sold in Waratah over the last 12 months.

Property history for 47 Lorna Street

2026
Sold
$965,000
Private Sale/Treaty on 04 Mar 2026 by Allen Reece, of Reece Realty Newcastle
2021
Sold
$960,000
22 Dec 2021 by Allen Reece, of Reece Realty Newcastle

Happy sellers in Waratah

95%
95% of sellers in Waratah reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 11 reviews in Waratah over the last 12 months.

Local market activity for 6 bedroom houses in Waratah

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Waratah

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Luke Wilson

Luke Wilson is a recommended agent for Waratah.  They have 3 local sales and collected 2 local reviews across the last 12 months.

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Bradley Page

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Sam Tsiaousis

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Lyndall Allan

Sellers who recommend Lyndall Allan have praised them for being clear communication, local expert, honest, supportive, responsive, friendly and well-prepared

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