Situated on an 817sqm corner block, this original single level home and additional studio has the development potential to build strata title residences or an attached duplex (STCA). Set in a quiet location with a current gross rental yield of 6.3% making this an ideal property to land bank and slowly acquire development approvals with no rush.
KEY DETAILS:
Council Rates $1,753pa
Water Rates $1,147pa
Three bedroom main residence with ample yard and garage access
Large living area with renovated bathroom and huge laundry
Natural fall to sewer mains which corner around the block, not through it
Currently tenanted for a combined rental return of $1,030 per week
Separate studio that is removeable, with two bedrooms, single car garage and fenced yard
The main residence is leased at $590 per week until April 2026
Rare 817sqm parcel, with an attached duplex on the neighbouring corner block
An array of pristine local beaches, medical and shopping within a 10 minute drive
15 minutes to the M1, 60 minutes to Wahroonga, 45 minutes to Newcastle
Walking distance to local shops, boat ramps, restaurants and primary school
