FOR SALE
Selling $1,100,000

345 Park Avenue
Kotara NSW 2289

Bedrooms: 5
Bathrooms: 3
Car spaces: 5
Land area: 1100m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

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:
See More

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

Commute Calculator

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 1,890 properties. Over the last 5 years, Houses in Kotara have seen a 72.41% increase in median value, while Units have seen a 60.07% increase. As at 31 August 2024:

  • The median value for Houses in Kotara is $970,823 while the median value for Units is $764,590.
  • Houses have a median rent of $680 while Units have a median rent of $620.
There are currently 8 properties listed for sale, and 1 property listed for rent in Kotara on OnTheHouse. According to CoreLogic's data, 76 properties were sold in the past 12 months in Kotara.

Kotara Profile Page

Suburb Insights for Kotara 2289

Visit Kotara profile page
Market Insights
Kotara Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Kotara Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Kotara profile page
Contact agent
Alex Brooks
Show contact details
Call agent
Presence Newcastle, Lake Macquarie, Central Coast & Hunter
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED