An opportunity has become available for an astute investor to secure this 607m2 block.
Improvement on the site is a five bedroom home with gross rental return over $800pw. Further opportunity is a DA approved 4/5 bedroom home with subdivision option within the DA, subject to development guide lines.
Positioned on a fully fenced block within 500m level walk to Jesmond shopping centre and bus transport hub. Newcastle University is an easy walk as is the cycle way link connecting Lambton, John Hunter Hospital and Jesmond Park.
A white picket fence and large front verandah looking out over Heaton sports oval creates pleasant street appeal. As you enter the home there is a lounge area which can be enlarged by removing a stud wall if needed. Kitchen facilities are modern, offering stainless appliances with a gas stove, dishwasher and servery bar. Cupboard space is generous with a full size pantry and large fridge space.
From the kitchen is the living area with dining and sitting included. Direct access to the second bathroom/ laundry which has a door to the backyard is from the living room. There are five bedrooms in the home with two rooms having built in wardrobes and the other three bedrooms being furnished with wardrobes.
The bathroom has been upgraded with a full size shower, large vanity and WC included.
If you have been looking for a secure investment property with position and development add-on where the hard work of a DA has been done, then this property is worth considering.
Furniture and fittings are included in the sale as tenants are on leases in a furnished property.
For more information on this opportunity contact exclusive listing agent Allen Reece on 0409 814 400 or speak to the sales team on 4950 2025