A fantastic opportunity for investors seeking a well-located property with strong existing returns and future potential. Set on a generous 609sqm block, this R3-zoned property offers the possibility of adding a granny flat, enhancing long-term value and rental income.
In addition, this property is zoned R3, presenting exceptional development opportunity for a block of low-rise units, villas, townhouses, duplex or a 2-3 bedroom granny flat - maximising your investment potential (subject to council approval).
The existing three-bedroom brick and tile home is solid and low-maintenance, complemented by a freestanding single garage and carport. Currently leased until February 2026, it delivers a reliable rental return of $600 per week - a secure option for those looking to landbank or grow their portfolio.
Ideally positioned to attract long-term tenants, the property is within close proximity to:
• Jesmond Central Shopping Centre (walking distance)
• The University of Newcastle - Callaghan Campus
• John Hunter Hospital
• Public transport and major road connections
Also offering easy access to:
• Newcastle CBD and beaches
• Newcastle Link Road to the M1 (Sydney/North Coast)
• Hunter Expressway to the Hunter Valley
This is an exceptional chance to invest in a thriving area with strong rental demand and explore options to add value in the future.
