The opportunity here starts with the numbers. Positioned on a level 638sqm block with R3 Medium Density Residential zoning and an impressive 0.9:1 floor space ratio, 21 Mordue Parade presents exciting scope for redevelopment or multi dwelling potential subject to council approval. Add in the rare advantage of rear street frontage and you have a site primed for creative planning and strong future returns.
The dual access and generous proportions make this block highly adaptable. Whether you are considering a duplex style project, a second dwelling or maximising the allowable floor area, the zoning provides flexibility that is increasingly sought after in well located pockets of Jesmond. Wide open lawn space and easy rear access further enhance its development appeal.
Currently occupying the front of the block is a charming three bedroom weatherboard home filled with period detail. High ornate ceilings, decorative cornices and original fireplaces reflect its character, while separate living and dining areas provide a practical and comfortable layout. The home can be enjoyed immediately, leased out while plans are drawn, or updated to blend classic features with modern finishes.
Set just moments from Jesmond Central, the University of Newcastle and public transport, this address combines convenience with clear upside. Whether you are a developer, investor or forward thinking buyer, this is a property where the zoning, frontage and floor space ratio come together to create a compelling and versatile opportunity.
FEATURES:
638sqm block with rear street frontage
R3 Medium Density Residential zoning
0.9:1 Floor Space Ratio
Potential for multi dwelling development STCA
Three bedroom character home
Separate living and dining areas
High ceilings with ornate detailing
Close to shops, university and transport
Land Size: 638SQM
Council Rates: $557.00 p/qtr
Rent: $620-$650p/w
Disclaimer: The information provided by Creative Property Co. on any marketing material is for general informational and educational purposes only. All information is provided in good faith and is believed to be accurate, however, Creative Property Co. will not be held liable regarding the accuracy, validity, or availability of any information expressed or implied. Accordingly, before taking any actions based on such information, we encourage you to consult with the appropriate professionals. Photos have been edited for marketing purposes.
