Sold
1-4/12 Lobelia Close,
Metford 2323, New South Wales
$1,600,000
Property details
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Agents
Whole Unit Complex Opportunity in Metford -Offers Close 8th May
Positioned in a quiet cul-de-sac in Metford, 12 Lobelia Close presents a rare opportunity to secure a complete block of four strata-titled units, delivering strong immediate returns, minimal ongoing maintenance, and exceptional long-term flexibility. This is a High-Yield, fully refurbished investment: an entire strata-titled complex. Whether you're an astute investor or purchasing within your SMSF, this is a strategic acquisition with multiple income streams and future upside through individual strata sell-down.
The Complex
The complex is of solid double brick and tile constructions. Centred around a neat common entry with staircase and foyer, complemented by four allocated carports and a shared storage room. A long-term tenant in Unit 1 takes pride in maintaining the gardens and surrounds, enhancing the overall presentation and keeping the property low-maintenance.
• Two spacious two-bedroom units
• Two well-appointed one-bedroom units
• Three currently tenanted, with one vacant and ready for immediate leasing or inspection
Extensively Refurbished:
A comprehensive upgrade program has been completed across the entire complex, significantly reducing future capital expenditure and enhancing tenant appeal:
• Fully restored and repainted roof, including replacement of cracked tiles, ridge re-capping, and full respray
• All external surfaces refreshed, including balconies, eaves, and fascia
• Entire complex repainted internally, including all units and common areas
• Brand new kitchens installed in all units (Unit 4 completed in 2024, remaining units within the past 12 months)
• New carpets installed throughout all units and shared spaces
• New hot water systems installed across the complex
• Three new air conditioning units for improved comfort
• Upgraded electrical switchboards in Units 1, 2 and 3
• New lighting installed throughout
The result is a modernised, low-maintenance asset with nothing further required-ideal for investors seeking a set-and-forget addition to their portfolio.
Current Income Snapshot (With Confirmed Increases)
• Unit 1: $400pw Increasing to $450pw (April 2026)
• Unit 2: $370pw Increasing to $430pw (April 2026)
• Unit 4: $400pw Increasing to $420pw (April 2026)
• Unit 3 (vacant): Estimated $450-$500pw
Projected Gross Weekly Income:
• $1,750 - $1,800
Projected Annual Income:
• $91,000 - $93,600
Investment Highlights
• Fully strata-titled , retain as a high-performing portfolio or sell individually over time
• Strong rental uplift already secured
• Multiple income streams with staggered increases
• Recently refurbished throughout , minimal capital expenditure required
• Low-maintenance asset with established tenancy profile
• Ideal for SMSF buyers seeking reliable, diversified cash flow
• One vacant unit provides for inspections and is ready for immediate leasing.
Location & Convenience
• Approx. 3km (5 mins) to Stockland Green Hills Shopping Centre
• Approx. 4km (6-7 mins) to Maitland Hospital
• Approx. 2.5km (4-5 mins) to Metford Train Station (Hunter Line to Newcastle)
• Approx. 30km (30-35 mins) to Newcastle CBD
• Approx. 2km (3-4 mins) to Metford Public School
• Approx. 3km (5 mins) to Maitland Grossmann High School
• Close to parks, local shops and everyday amenities within 2-5 minutes
The Opportunity
Opportunities to secure an entire, refurbished unit complex of this calibre are increasingly rare. With strong income, minimal upkeep, and the added advantage of strata flexibility, 12 Lobelia Close offers both immediate return and long-term growth potential.
For further information or to arrange a private inspection, please contact Sharon Skelton on 0402 433 317.
Disclaimer: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Interested parties should make their own enquiries to verify the information contained in this document.
Explore the area
School catchments
- Maitland Christian School Combined K-12 Independent 0.46km
- Metford Public School Primary K-6 Government 0.56km
- OneSchool Global NSW - Maitland Combined 3-12 Independent 1.1km
- Hunter Valley Grammar School Combined K-12 Independent 1.2km
- Ashtonfield Public School Primary K-6 Government 1.3km
- Maitland High School Secondary 7-12 Government 1.9km
- Tenambit Public School Primary K-6 Government 2.2km
- St Joseph's Primary School Primary K-6 Catholic 2.5km
- St Aloysius Catholic Primary School Primary K-6 Catholic 2.6km
- Maitland East Public School Primary K-6 Government 2.6km
- Maitland Grossmann High School Secondary 7-12 Government 2.6km
- St Bede's Catholic College Secondary 7-12 Catholic 2.7km
- Linuwel School Ltd Combined K-12 Independent 2.9km
- Thornton Public School Primary K-6 Government 3.5km
- Hunter Valley Grammar School - Farm Secondary Independent 4.2km
- Morpeth Public School Primary K-6 Government 4.7km
- All Saints College Secondary 7-12 Catholic 5.2km
- St John the Baptist Primary School Primary K-6 Catholic 5.4km
- All Saints College (St Peter's) Secondary Catholic 5.5km
- Maitland Public School Primary K-6 Government 5.9km
- Nillo Infants School Primary K-2 Government 5.9km
- Francis Greenway High School Secondary 7-12 Government 6.3km
- Hunter Trade College Secondary 11-12 Independent 7.0km
- Rutherford Technology High School Secondary 7-12 Government 9.1km
- Hunter River High School Secondary 7-12 Government 12.0km
- Kurri Kurri High School Secondary 7-12 Government 12.5km
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.
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Contact Sharon Skelton
Contact Sharon Skelton
Sharon Skelton
1-4/12 Lobelia Close, Metford NSW 2323
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Sharon Skelton
1-4/12 Lobelia Close, Metford NSW 2323