1 Ellerslie Road, Adamstown Heights, NSW, 2289

SoldSep 27, 2024

$765,000

0 m²

600 m²

House

•

Sold: Sep 27, 2024

What's around 1 Ellerslie Road

Prime Renovation or Redevelopment Opportunity- Elevated Block with Endless Potential

1 Ellerslie Road, Adamstown Heights, offers a unique opportunity for investors or homeowners looking to create something special. Situated on an elevated 614 sqm corner block in a desirable, leafy street, this property is perfect for those ready to renovate or rebuild. Property Features: * Elevated 614 sqm corner block * 3 bedroom home with views * Existing house in need of updating, with exciting redevelopment opportunities * Prime location in a quiet, leafy, family friendly street with park nearby * Incredible potential for a custom build or renovation project A Neighbourhood of Growth and Convenience: * Located in the highly regarded suburb of Adamstown Heights, known for its family-friendly atmosphere and strong community ties * Close proximity to top schools, making it an ideal choice for families * Excellent transport links with easy access to bus routes and major roads * Just minutes from Westfield Kotara, offering a variety of shopping, dining, and entertainment options * Only 10 minutes to Dudley Beach and Merewether Beach, perfect for enjoying Newcastle's stunning coastal lifestyle Suburb Insights: Adamstown Heights continues to be a strong performer in the property market. The median house price is currently $1,080,000, underlining the suburb's popularity and demand. With an annual growth rate of 6.9% for houses, this suburb remains a solid investment choice. Investors can expect a typical rental income of $695 per week, providing a rental yield of 3.6%. ** The properties can be sold separately or together** with 5 Russell Avenue, giving you the flexibility to suit your needs. Zoning: R2 Low Density Residential Land Area: 600sqm approx Council: Lake Macquarie Land Rates: $2545pa approx Water Rates: $926pa approx 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. Photos maybe digitally edited and include virtual furniture.