FOR SALE
Selling $1,000,000 - $1,100,000

345 Park Avenue
Kotara NSW 2289

Bedrooms: 5
Bathrooms: 3
Car spaces: 5
Land area: 1100m2
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Exceptional Opportunity – Spacious Home with Granny Flat for Investors and Multigenerational Families

Tucked in a prime location with convenient access to many of Newcastle's sought-after attractions, this exceptional property offers a rare blend of opportunity and comfort, perfect for both savvy investors and multigenerational families. With two self-contained dwellings on a massive 1109sqm expansive block, it provides both a comfortable living space and a smart investment prospect.
Bathed in natural light from its north-facing orientation, the main residence features two expansive living areas, ideal for both relaxation and entertainment. The oversized lounge can be closed off for cozy movie nights or epic gaming sessions, while the good-sized dining/family room provides an ideal setting for family dinners, children's playtime, or focused homework sessions. At the heart of these spaces, the U-shaped kitchen includes a gas hob, Fisher & Paykel Dishdrawer, and ample storage, making meal prep a breeze. Three good-sized bedrooms include a master with a built-in robe and ensuite for added convenience, while the family bathroom is appointed with a full-sized bath and shower. A carport and turning bay are conveniently positioned at the front of this property offering off-street parking for four vehicles.
Adding further value to this unique property is the modern granny flat. Fully self-contained, it radiates visual appeal with an expansive timber deck, perfect for outdoor entertaining. It also features an internal garage with a remote opener and a separate driveway for easy access. Inside, vaulted ceilings create an airy and spacious atmosphere, with air-conditioning for added comfort. The generously proportioned master bedroom includes a built-in robe and ceiling fan, while the second bedroom would make an excellent study. Completing this attractive abode are a contemporary kitchen and bathroom.
Convenience is key at this property's location. Perfectly positioned for families, it is zoned for Kotara South Public and Kotara High Schools, with added private school options nearby. Westfield and Charlestown Square are just a short drive away, and for commuters, Kotara Station is within walking distance. The bus stop is only steps away, and for car commuters it's just a quick zip up to the bypass. For nature lovers, Blackbutt Nature Reserve and Raspberry Gully are just around the corner, while Lake Macquarie and fabulous beaches are only a short drive away.
Properties like this simply don't come along often. Investors will be thrilled with the excellent rental return of $1,150 per week, while multigenerational families will love the flexibility of dual dwellings. Don't miss out on this extraordinary opportunity – come and inspect today!
Features include:
- Comfortable three-bedroom home and self-contained two-bedroom granny flat – ideal for investors or multi-generational buyers.
- Convenient location to shops, schools, playing fields, the lake and beaches.
- Current rental return of $1,150 per week.
Main home:
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Property Details for 345 Park Ave, Kotara

345 Park Ave, Kotara is a 5 bedroom, 3 bathroom House with 5 parking spaces. The property has a land size of 1100m2. The place is currently for sale with Presence Newcastle, Lake Macquarie, Central Coast & Hunter.

Building Type
House
Land Size
1100m2

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About Kotara 2289

The size of Kotara is approximately 2.6 square kilometres. It has 18 parks covering nearly 20.1% of total area. The population of Kotara in 2011 was 3,916 people. By 2016 the population was 3,928 showing a population growth of 0.3% in the area during that time. The predominant age group in Kotara is 40-49 years. Households in Kotara are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Kotara work in a professional occupation. In 2011, 81.7% of the homes in Kotara were owner-occupied compared with 80.9% in 2016.

Kotara has 1,871 properties. Over the last 5 years, Houses in Kotara have seen a 69.56% increase in median value, while Units have seen a 64.67% increase. As at 31 October 2024:

  • The median value for Houses in Kotara is $966,003 while the median value for Units is $785,031.
  • Houses have a median rent of $700 while Units have a median rent of $650.
There are currently 5 properties listed for sale, and 1 property listed for rent in Kotara on OnTheHouse. According to CoreLogic's data, 78 properties were sold in the past 12 months in Kotara.

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Liam Mcalister
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Alex Brooks
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Presence Newcastle, Lake Macquarie, Central Coast & Hunter
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