Whether you are a renovator, investor, or someone looking for a potential development site, this property is the one to see.
With development potential and possibilities for dual incomes from the one site (STCA) blocks this size rarely present themselves. Only moments from the town centre and riverside you’ll need to act now to secure this bright opportunity.
Current:
- 1188sqm block
- No easements through block. Make the most of the whole site
- Existing 3-bedroom home in good condition. Freshly painted interiors and new floor coverings throughout
- Home is currently in move in or rent now condition
- Recent rental appraisal: $330 to $350 per week. Earn income whilst gaining approval to develop the site (STCA)
- Potential room for dual access either side of home
- 19m frontage (approx.)
Possibilities (all subject to Port Stephens Council approval):
- Add a new dwelling at rear and subdivide
- Develop the block with multiple dwellings
- Build a granny flat at rear
- Land bank opportunity for investors planning for the future
- Potential for dual or more rental incomes from the one block
- Rent the current 3 bedroom home while planning for the future
Location:
- Short 10min walk to Raymond Terrace CBD: schools, shopping, cafes, entertainment, parks, riverside, medical centre, bowling club, golf club
- Fast commute to Newcastle within 25min
- Easy access to M1 and Hunter Expressway
- Hunter Valley wineries within 30min
- Newcastle Airport only 15min away
- Beautiful Port Stephens & Nelson Bay only 40min: enjoy the water lifestyle with sailing, fishing, dolphin & whale watching
With so much potential an inspection is a must to fully appreciate everything this property has to offer. Act quickly as this property is sure to be popular with home-owners, investors, renovators and developers alike!
Disclaimer:
Prospective purchasers are advised to carry out their own investigations and enquiries with the relevant council regarding any development potential.
