6 Forrest Street, Jesmond, NSW 2299

Two houses on a large block of approx 531m2. Located only 2 km to University of Newcastle Callaghan Campus, 650 metres to Jesmond Central Shopping, and 6 km to John Hunter Hospital.

Original House - owner occupied, 3 bedrooms, 2 bathrooms, new eat-in kitchen, separate formal living room, off street parking for 1 vehicle. Potential income $630 pw

Granny flat - Weatherboard & Iron construction, 3 bedrooms, 1 bathroom, off-street parking for 4 vehicles. Current income $630pw. Lease expires 21 January, 2026.

For potential future investment/value adding, the 2 Lots can be subdivided Subject to Council Approval

Clause 4.1A of the Council Local Environment Plan allows subdivision with minimum 200m2 Lots

Land Description: Lot 3 DP 156404

Land content: Approx. 531m2

Zoning: R3 Medium Density Residential

Council Rates: $503.08 per quarter

Potential Income: $65,520 pa (both dwellings)