A Rare Development Opportunity in the Heart of The Hill

Positioned in one of Newcastle's most tightly held and sought-after locations, this substantial 538m2; R3 Medium Density zoned parcel presents an outstanding opportunity to unlock the site's full potential.

Currently comprising four established one-bedroom units, the property provides an immediate and secure income stream of $1,960 per week, equating to $101,920 per annum, while offering significant scope for future development, subject to local council approval.

Whether your vision is to retain, enhance or completely redevelop the site, the flexibility of the R3 zoning creates an exciting range of possibilities.

Potential options, subject to council approval, include:

• Knock down and create a significant new residence
• Retain the existing improvements and undertake enhancements
• Unlock the site's development potential with townhouses or apartments
• Explore a combination of holding income and future redevelopment

With strong existing rental income, a generous landholding and a premium The Hill address, this is an opportunity to secure a property today while shaping its future to suit your own investment or development objectives.

Current Rental Income
• Unit 1: $470 per week - Exp. 26/04/27
• Unit 2: $490 per week - Exp. 17/05/27
• Unit 3: $500 per week - Exp. 31/01/27
• Unit 4: $500 per week - Exp. 10/05/27

Total: $1,960 per week
Annualised Rental Income: $101,920 p.a.

All development opportunities are subject to relevant approvals and consents.

Disclaimer: All information contained herein is gathered from sources we believe to be reliable. However, we cannot guarantee its accuracy and interested parties should rely on their own enquiries and independent advice.

Inspections

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School catchments

Newcastle East Public School Primary K-6 Government 0.12km
Newcastle Grammar School Combined K-12 Independent 0.40km
Newcastle Grammar Bolton Street Campus Secondary Independent 0.59km
Novoschool Secondary 7-9 Independent 1.1km
Newcastle Grammar Park School Campus Primary Independent 1.4km
Newcastle High School Secondary 7-12 Government 1.7km
St Joseph's Primary School Primary K-6 Catholic 1.7km
St Peter's Primary School Primary K-6 Catholic 1.9km
The Junction Public School Primary K-6 Government 1.9km
Hamilton South Public School Primary K-6 Government 2.1km
St Francis Xavier's College Secondary 7-12 Catholic 2.1km
Stockton Public School Primary P-6 Government 2.3km
Carrington Public School Primary K-6 Government 2.3km
Holy Family Primary School Primary K-6 Catholic 2.9km
Hamilton Public School Primary K-6 Government 3.2km
Merewether Public School Primary K-6 Government 3.3km
Tighes Hill Public School Primary K-6 Government 3.5km
Islington Public School Primary K-6 Government 3.7km
Merewether High School Secondary 7-12 Government 3.9km
Merewether Heights Public School Primary K-6 Government 4.0km
Hunter School of Performing Arts Combined K-12 Government 4.6km
San Clemente Catholic College Secondary 7-10 Catholic 5.0km
Lambton High School Secondary 7-12 Government 5.3km
Callaghan College Waratah Campus Secondary 7-10 Government 5.3km
Trinity Catholic College Secondary 7-11 Catholic 5.7km
Hunter Christian School Combined K-12 Independent 5.8km
St Philip's Christian College - Waratah Combined K-12 Independent 5.8km
Kotara High School Secondary 7-12 Government 6.7km
Whitebridge High School Secondary 7-12 Government 7.5km

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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