Expansive block of land in golden location oozing potential for development or rebuild

An expansive block of land at 1,008m2, in the family-friendly suburb of Adamstown, this property boasts possibility. With DA approval for 5 townhouses, this opportunity is sure to strike an astute developer, with the potential for outstanding returns. Alternatively, this could also attract any prospective buyer, yearning to build and design their dream home with plenty of yard space for an inground pool for the family to enjoy, a large outdoor alfresco area for entertaining guests, or maybe that huge shed you have always dreamed about. This site also possesses a great investment opportunity, with enough room to build a granny flat at the rear.

An old single-storey weatherboard home currently dwells towards the front boundary of the property, which is in need of either knocking down or a major facelift. It offers three bedrooms, a living room in the centre of the home, a functional kitchen, dining area and bathroom. A fibre cement double garage is positioned towards the middle of the site, with ample off street parking accessible on Brisbane Water Road.

• Currently being leased for $400 per week
• Three generous sized bedrooms all toward the front of the house
• Living area, formal dining room and functional kitchen
• Fibre cement double garage
• DA approved for 5 townhouses with development plans designed by the award-winning architectural design practice, CKDS
• Highly desirable location in walking distance from the largest shopping centre in the Newcastle LGA, Kotara Homemaker Centre, Fernleigh Track and St Pius High School
• Happy to sell on or prior to Auction
• The seller has decided to focus on other projects, allowing you the chance at this stellar opportunity
• Contract for Sale, Information Memorandum, Approved Plans and Notice of Determination available upon request

This property is sure to entice a large audience with its prestigious location - close to some of Newcastle's most popular beaches whilst also within perfect distance from Newcastle CBD. Situated on Brisbane Water Road, the convenience of this site, with an easy walking distance of 130m from the notorious Fernleigh Track, and approximately 800m from the popular one-stop hub shopping centre, Westfield Kotara. There is also plenty of access to nearby public transport with Adamstown train station just over 1km away, and plenty of great schools in the area or neighbouring suburbs, making this suburb all the more enticing.

Outgoings:
Council Rates: TBA
Water Rates: TBA
Rental Appraisal: $400pw

Auction: Saturday 4th June 10:00am
*Happy to sell on or prior to Auction*

Explore the area

View in Google Maps

School catchments

Trinity Catholic College Secondary 7-11 Catholic 0.40km
Belair Public School Primary K-6 Government 0.64km
Kotara High School Secondary 7-12 Government 1.0km
St Columba's Primary School Primary K-6 Catholic 1.1km
New Lambton South Public School Primary K-6 Government 1.1km
St James' Primary School Primary K-6 Catholic 1.6km
St Therese's Primary School Primary K-6 Catholic 1.7km
Adamstown Public School Primary K-6 Government 1.8km
New Lambton Public School Primary K-6 Government 1.9km
Kotara South Public School Primary K-6 Government 2.0km
Hunter School of Performing Arts Combined K-12 Government 2.2km
Merewether Heights Public School Primary K-6 Government 2.2km
Merewether High School Secondary 7-12 Government 2.2km
Merewether Public School Primary K-6 Government 2.6km
New Lambton Heights Infants School Primary K-2 Government 2.6km
Kahibah Public School Primary K-6 Government 2.6km
Lambton High School Secondary 7-12 Government 2.7km
St Joseph's Primary School Primary K-6 Catholic 3.1km
Garden Suburb Public School Primary K-6 Government 3.2km
Whitebridge High School Secondary 7-12 Government 3.4km
St Francis Xavier's College Secondary 7-12 Catholic 3.9km
Newcastle High School Secondary 7-12 Government 4.2km
St Philip's Christian College - Waratah Combined K-12 Independent 4.2km
Callaghan College Waratah Campus Secondary 7-10 Government 4.2km
Cardiff High School Secondary 7-12 Government 4.3km
Callaghan College Jesmond Senior Campus Secondary 11-12 Government 4.8km
Novoschool Secondary 7-9 Independent 4.8km
St Mary's Catholic College Secondary 7-12 Catholic 4.8km
Hunter Sports High School Secondary 7-12 Government 5.5km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.