FOR SALE
EOI - Guide $580,000 to $620,000

23-27 Wallace Street
South Maitland NSW 2320

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 1650m2
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Rare 1,650m² Triple Lot Opportunity

Set on a vast 1,650m2 block and spread across three separate titles, this property presents an exciting and rare opportunity for renovators and developers looking to make their mark. While the current dwelling is in need of significant repair it serves as a blank canvas for your vision. The potential is immense, with ample room to design a comfortable family home or create a multi-generational living arrangement.
The land's zoning limits large-scale development, but there's still incredible scope for adding value. One option could be consolidating the three titles into one, simplifying the approval process for building a second dwelling and maximizing the land's utility. For those looking to create a second residence, the block offers the space and flexibility to explore additional living options, whether it be a granny flat, a studio, or a separate dwelling (STLCA)
The generous block size means there's still plenty of room for outdoor features such as gardens, a pool, or even a detached garage or workshop, perfect for those who enjoy tinkering with cars or for someone wanting more storage space. Located in a desirable area, this property offers a rare chance to create a personalised retreat while capitalising on the investment potential of such a substantial landholding.
This home is in a standout location, just minutes from Maitland CBD and within walking distance to Maitland Park, Maitland Pool, and public transport, this home offers a great opportunity for those looking to enter the market or secure a well-located property. Positioned under 1km from Maitland Showground, it provides easy access to local events and amenities. With its convenient location and potential for future growth, this home is an excellent foundation for anyone looking to update or personalise their space while enjoying a well-positioned residence.
Expressions close Tuesday 26th November at 12pm.
Contact Jackson on 0406 242 784 to arrange an inspection or for more information.
Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

Property Details for 23-27 Wallace St, South Maitland

23-27 Wallace St, South Maitland is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1650m2. The place is currently for sale with Ray White Newcastle Lake Macquarie.

Building Type
House
Land Size
1650m2

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About South Maitland 2320

The size of South Maitland is approximately 1.7 square kilometres. It has 3 parks covering nearly 13.6% of total area. The population of South Maitland in 2011 was 531 people. By 2016 the population was 484 showing a population decline of 8.9% in the area during that time. The predominant age group in South Maitland is 50-59 years. Households in South Maitland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in South Maitland work in a trades occupation. In 2011, 62% of the homes in South Maitland were owner-occupied compared with 67.5% in 2016.

South Maitland has 243 properties. Over the last 5 years, Houses in South Maitland have seen a 44.77% increase in median value, while Units have seen a 24.61% increase. As at 31 October 2024:

  • The median value for Houses in South Maitland is $517,517 while the median value for Units is $385,108.
  • Houses have a median rent of $350.
There are currently 3 properties listed for sale, and no properties listed for rent in South maitland on OnTheHouse. According to CoreLogic's data, 8 properties were sold in the past 12 months in South maitland.

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Jackson Manning
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Ray White Newcastle Lake Macquarie
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