Situated on a dual block with two titles, 2 Elizabeth Street, Argenton presents an exciting opportunity for renovators, developers and buyers looking to add serious value in a tightly held, central location.
Zoned R3 (Medium Density Residential), and in need of renovation both inside and out, this three-bedroom home offers endless possibilities, whether you're a young couple keen to transform a property into a long-term home, an investor searching for a rewarding flip, or a developer considering a knock-down rebuild or multi-dwelling project, subject to council approval.
The block itself is a standout, boasting an impressive 24-metre frontage and extending approximately 46 metres deep, providing excellent scope for future development.
A separate double garage sits to the side of the home, complemented by drive-through access into the backyard, further enhancing the site's versatility and development potential.
Inside, the home offers a functional layout ready for reinvention. An open lounge and dining area with a fireplace forms the heart of the home, while three generous bedrooms provide comfortable accommodation.
The bathroom has been updated, and the large kitchen includes an additional dining space that could easily be repurposed as a fourth bedroom, home office or flexible living area. Whether you choose to update and personalise the existing home, renovate and add a granny flat for dual income, or explore redevelopment options, this is a rare opportunity to secure a substantial parcel of land with genuine upside.
Properties with this level of potential are increasingly hard to find, particularly in such a convenient location.
Just minutes from Glendale Shopping Centre, Waratah Golf Course, Bunnings, Costco and the shores of Lake Macquarie, everything you need is close by, making this an exceptionally well-positioned investment.
The auction will be held on site on Saturday 7th February 2026 at 1:30pm, offering buyers a rare chance to secure a high-potential property in one of Argenton's most accessible pockets.
Land Size Approx. 845sqm with 24m Frontage and 46m Depth
For further information contact the local area's first choice for real estate on 4950 8555.
First National Real Estate Lake Macquarie are your local experts for the Lake Macquarie and Newcastle area, we proudly market this home and are always looking for more homes to sell. If you would like honest, expert advice to achieve excellent results, call us on 4950 8555 to discuss your home.
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