Auction Location: 1/3 Nobbys Rd, Newcastle East - Fort Scratchley Function Centre & Live via Buy.Realtair.com Get in now on a hot, hot, hot rental market and on this incredible investment opportunity! With an existing, renovated house on this sizeable parcel of land you can be earning an income of approximately $440-480 per week while building an already DA approved duo of 3 bedroom town houses set to bring in an ADDITIONAL estimated $1300 - $1400 a week once completed. What an opportunity! By building the town houses and selling all three properties there is potential for a profit. Alternatively, this block of land in family-friendly Wallsend presents a rare chance to purchase a generous block with an existing, beautifully renovated 3 bedroom house and then build a second abode at the rear of this plot. Perhaps Nana and Poppy will design a contemporary granny flat on the back of the block or maybe they can make the current home their own and your family can build their dream home – close enough to spend quality time with the grandies! There are just so many options with this property! The existing home has 3 bedrooms and has been renovated to include split system air conditioning, a fresh neutral colour scheme and the original timber floors have been polished to a beautiful shine This property is just 850 metres from the heart of Wallsend with its huge range of stores – several supermarkets, fashion and homewares stores, bakeries, takeaway shops, cafes – and services including hairdressers, doctors' offices, optometrists, veterinarians, several banks, a Post Office and even a Service NSW centre. Pop down for a coffee in the morning and back for an easy mid-week dinner in the evening – it is literally a 10 minute walk. After school stroll across the road with the kids to the skatepark, playgrounds and playing fields of Wallsend Park or head to the library to pick up some books to share at bedtime. - Existing renovated 3 bedroom home estimated to earn $440-480 per week - Large 784sqm block with oodles of potential - DA approval already in place for 2 X 3 bedroom townhouses at rear of the block – possible additional rental income of $1300-$1400 - Current home features polished timber floors, a feature brick fireplace and fresh white paint - Monochromatic kitchen with stainless steel appliances, appliance cupboard and dishwasher - Modern bathroom with free standing tub, fully fenced yard and off street parking - 850 metres to Wallsend Village with its huge selections of shops – supermarkets shoe and fashion stores, a myriad takeaway(dumplings anyone?)and café options - 850 metres(or 10 minute walk) to Wallsend Post Office, Library and Service NSW centre - 350 metres to St Patrick's Catholic School, 750m to Callaghan College, 1.7km to Wallsend Public - 4.2km to Newcastle University, 6.6km to John Hunter Hospital, 6.8km to Calvary Mater making a development option even more viable OUTGOINGS: Council Rates: $2,077 per annum approx.* Water Rates: $837 per annum approx.* This property is being sold under the Online Friendly Auction System. An independent pest & building report is available on request at no charge to you. This is the type of report your solicitor would usually recommend purchasing before bidding at an auction or before making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about your queries in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction. Flexible deposit and settlement conditions are also available by negotiation with the agent if required. Offers can also be made prior to auction and each offer will be assessed on its merits. Live streaming auction. Bid and buy with confidence in this consumer driven, transparent auction system that was pioneered here in Newcastle but is now in use across Australia. We also have a downloadable guide available on our website. ***Health & Safety Measures are in Place for Open Homes & All Private Inspections Disclaimer: All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.