This is the kind of investment that does exactly what it's meant to do: it works quietly in the background while the numbers stack up. Configured as three council-approved one-bedroom, one-bathroom units, each with its own parking space, the property currently returns a combined $810 per week. Long-term tenants are already in place and keen to stay, so income starts flowing from day one.
There's upside here too. Sitting on a generous 689.2sqm block with a wide 27.43m frontage and R3 Medium Density zoning, the site holds clear longer-term potential for those thinking beyond the current setup (STCA).
Conveniently located, Wallsend Village is just 500m away with shops, cafés, schools, gyms, banking and the library all within easy walking distance. Add quick access to major link roads and you've got a spot that keeps tenants happy and demand consistent, now and into the future.
- 689.2sqm block north facing rear aspect, R3 zoning
- Approx. block dimensions 27.43m / 15.24m X 39.32m / 29.03m
- Wallsend Park – 400m, Bunnings – 2.2km
- Plattsburg Public School, 1km – St Patrick's Primary – 650m, Callaghan College – 1.5km
- UoN – 4.2km, Newcastle CBD – 10.7km, M1 and Hunter Expressway – 7km
Outgoings:
Water: *$961pa + usage
Council: *$2,300pa
* approximates only
(We have obtained all information used in the preparation of this document from third party sources however, we cannot guarantee the accuracy or currency of this information. Prospective purchasers and their advisors are advised to carry out and rely on their own enquiries and investigations in relation to the information in this document and the property it concerns.)
