FOR SALE
$970,000 - $1,050,000

4 Mornington Circuit
Gwandalan NSW 2259

Bedrooms: 6
Bathrooms: 3
Car spaces: 2
Land area: 501m2
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Outstanding Investment Opportunity

This dual occupancy property is a standout investment opportunity, delivering a combined rental return of $1,000 per week. Nestled on a generous 501m² block in the newest estate of Gwandalan, it offers both modern living and a prime location, making it a valuable addition to any portfolio. Just a short stroll or drive away from the calm, picturesque shores of Lake Macquarie, this property blends strong financial performance with a highly desirable coastal lifestyle.
The main home is spacious and inviting, featuring four well-appointed bedrooms and two modern bathrooms, designed for comfort and convenience. The open-plan living and dining areas provide a welcoming atmosphere, perfect for family living. With a secure single-car garage, this residence has all the space needed for a growing household or long-term tenants seeking comfort and style.
The second dwelling offers a cozy yet contemporary space with two bright bedrooms and a single bathroom, ideal for singles, couples, or smaller families. The practical layout maximizes every inch of space, ensuring a comfortable living environment. The addition of a single-car garage enhances the appeal, providing secure parking or extra storage.
Both homes are currently leased, guaranteeing an immediate and consistent rental income. Located in a sought-after area known for its relaxed coastal charm and access to local conveniences, this property is close to schools, shops, parks, and recreational facilities. The proximity to Lake Macquarie not only offers stunning views and outdoor activities like fishing, boating, and lakeside picnics but also boosts the appeal for potential tenants.
This dual occupancy property offers a rare combination of strong rental yield and lifestyle benefits in a location primed for future growth. Whether you're an experienced investor or just starting, it's a secure and profitable choice in a rapidly developing area.
Disclaimer: Information has been sourced using third parties. As the representing agency, we do not guarantee accuracy, accept no liability, and advise interested parties to conduct their own investigations. Images are indicative only.

Property Details for 4 Mornington Cct, Gwandalan

4 Mornington Cct, Gwandalan is a 6 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 501m2. The place is currently for sale with Wiseberry Heritage.

Building Type
House
Land Size
501m2

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About Gwandalan 2259

The size of Gwandalan is approximately 3.2 square kilometres. It has 6 parks covering nearly 11% of total area. The population of Gwandalan in 2011 was 3,034 people. By 2016 the population was 3,268 showing a population growth of 7.7% in the area during that time. The predominant age group in Gwandalan is 60-69 years. Households in Gwandalan are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gwandalan work in a trades occupation. In 2011, 75.2% of the homes in Gwandalan were owner-occupied compared with 78.3% in 2016.

Gwandalan has 1,833 properties. Over the last 5 years, Houses in Gwandalan have seen a 61.40% increase in median value, while Units have seen a 41.84% increase. As at 31 October 2024:

  • The median value for Houses in Gwandalan is $772,948 while the median value for Units is $579,129.
  • Houses have a median rent of $600.
There are currently 21 properties listed for sale, and 2 properties listed for rent in Gwandalan on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Gwandalan.

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Kimberley Burke
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Wiseberry Heritage
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