With median house prices in Fletcher nearing the $1 million milestone, marking a remarkable 51 per cent surge in the last five years, this rare landholding of approximately 3.59 acres presents an unparalleled opportunity for both investors and developers. Nestled strategically behind The Sanctuary Estate, a meticulously planned $340 million residential development, and a mere 400m from the esteemed Bishop Tyrrell Anglican College, this is a chance of a lifetime to secure a substantial land parcel in the heart of this burgeoning suburb. Currently on site sits a three bedroom brick home, while the potential to subdivide into separate lots for a bespoke new development (STCA) adds to its allure. A concept plan has been proposed to build 36 townhouses. Concept only, subject to council approval. This prime location, just over 6km or 8 minutes drive from the M1 and Hunter Expressway, underscores its desirability. Newcastle's vibrant city centre, pristine beaches, and the serene shores of Lake Macquarie are all within a convenient 20-minute drive, cementing Fletcher's status as a desirable and family-friendly locale. - This lot currently has an area of approximately 14,535sqm - Under the current Newcastle Local Environmental Plan (NLEP) 2012 the subject site is zoned: R2 - Low Density Residential and E2- Environmental Conservation - Concept plan has been proposed to build 36 townhouses. Concept only, subject to council approval. - Any subdivision and building work is subject to approval from Newcastle City Council - Fletcher's median price for a house has grown to $916,665 (Corelogic) - House values have risen 8.4 per cent in the past 12 months (Corelogic) * This information has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly, all interested parties should make their own enquiries to verify the information.