Seize the opportunity to invest in this expansive 8-bedroom property, situated on over 900m? block, currently rented and located in the rapidly growing suburb of Birmingham Gardens. This exceptional site offers significant potential for investors and developers looking to capitalise on the increasing demand for high-quality housing in one of the region's most strategically positioned areas.
Prime Location with Exceptional Accessibility
The property is just minutes away from Jesmond Central Shopping Centre, providing a variety of retail and dining options, ensuring convenience for residents. Its close proximity to Callaghan University guarantees a steady stream of rental demand from both students and staff alike.
Instant Rental Income & Flexible Development Potential
With current tenants in place, you'll enjoy immediate rental income, helping to minimise holding costs while you finalise your development plans. The property is free from mine subsidence and is ideal for townhouse development. Its flexible layout allows you to tailor the design to suit evolving market trends, maximising your return on investment.
Why Now?
Birmingham Gardens is a suburb on the rise, making this a rare opportunity to secure a property with exceptional growth potential. Don't miss out-contact us today to learn more or arrange an inspection!
Outgoings:
Water rates - $916 p.a. approx.*
Council rates - $2,220 p.a. approx.*
Disclaimer:
All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.24 km | 6 | 2 | -m2 | Year 2024 Month 12 Day 23 | - | Council approved | |
 | 0.07 km | 3 | 1 | -m2 | Year 2024 Month 12 Day 18 | - | Council approved | |
 | 0.14 km | 3 | 2 | -m2 | Year 2024 Month 11 Day 06 | $740,000 | Council approved | |
 | 0.24 km | 3 | 1 | -m2 | Year 2024 Month 09 Day 26 | $735,000 | Council approved | |
 | 0.38 km | 4 | 2 | -m2 | Year 2024 Month 09 Day 05 | $775,000 | Council approved |