Wallsend, NSW

Purpose of Purchase: Investment/ Future Development

Property Type: Free Standing House

Key Criteria:

1. Large block with ability to develop in the future
2. Options to increase yield by building a granny flat
3. Low entry price – sub 450K

Key Positives:

• Level block with 20.39m frontage and access down both sides.
• Room to construct a second dwelling (granny flat) at the rear of the property.
• Strong cash flow as is
• Potential to develop site in the future
• Short walk to Wallsend and to bus transport to CBD of Newcastle.
• A few minutes’ drive to the University of Newcastle and John Hunter Hospital

A Successful Investment:

This was the 3rd purchase we were assisting our clients with. They have a blue chip buy and hold free standing house in inner city Brisbane, a free standing house in Toowoomba and they wanted a 3rd investment property in Newcastle which they could potentially develop in the future.

Our clients also had a desire to secure a property with a strong gross yield as is to assist with balancing out the cash flow for their overall portfolio. The property we secured has a strong gross yield as is, has the ability to construct a granny flat in the future to further increase their yield or potentially develop the site in the future. Our clients are very pleased with the outcome.

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