42 Denison Street, Hamilton East, NSW, 2303

*Current Gross Return approx. $190,000/annum (as short-term accommodation) 10.56% Gross Yield / ROI. *Potential Return $127,400/annum (as fixed term accommodation) 7.08% Gross Yield / ROI. A rare and highly versatile property offering exceptional flexibility in one of Hamilton East’s most tightly held pockets. Operating successfully as a well-known guest house since 1989, this substantial residence presents an outstanding opportunity for owner occupiers, investors, developers seeking scale, zoning and future upside. Set on a 449sqm R3 Medium Density Residential allotment, the property offers multiple pathways forward (STCA) – continue the existing accommodation use, explore redevelopment potential, or repurpose as a large family home. The dwelling is generous in proportion and functionality, featuring seven bedrooms, two oversized bathrooms, a central communal kitchen and living area, and a large outdoor entertaining space ideal for shared living or residential conversion. Practical inclusions such as solar panels and an external laundry further enhance appeal. Positioned in a high-profile Hamilton East location, the property is within easy walking distance to cafes, local shops, public transport and key amenities, ensuring ongoing demand and strong long-term growth. Property Features: Established guest house operating since 1989 R3 Medium Density Residential zoning Approx. 449sqm land holding Seven bedrooms and two large bathrooms Communal kitchen and living areas Large outdoor entertaining space Solar panels External laundry Prominent, central Hamilton East location A unique offering combining income potential, zoning flexibility and future development upside in a blue-chip inner-city suburb. Contact Joel Pyne today! Disclaimer: Whilst all information provided in the advertising of the property is to the best of our knowledge, we encourage all interested parties to conduct their own research before making any formal decisions.