FOR SALE
Guide $880,000 - DUAL INCOME

2 Ithome Street
Wyong NSW 2259

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 524.8m2
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TWO COUNCIL APPROVED HOMES = DUAL INCOME DA APPROVED FOR 3 RESIDENTIAL TOWNHOUSE DEVELOPMENT

Positioned in a top location on the East side of Wyong, opposite Baker Park Sporting Complex, within walking distance to the heart of town this property is a highly desirable piece of Wyong Real Estate. Welcome to 2 Ithome Street, Wyong.
Boasting a current income of $710 per week with room to improve, the property hosts a 3 bedroom home plus a council approved 2 bedroom granny flat. Both homes enjoy street frontage, separate fenced yards, off street parking and a carport. There is scope to increase the rent return to a current market value in the vicinity of $800 per week.
Set on a 524.8m2 block with an R3 Medium Density Residential zoning the property also has DA approval to demolish the existing dwellings and build 3 Residential Terrace Style Townhouses. (plans available on request)
This is an ideal opportunity for the home buyer looking for an extra income to help pay the mortgage, for the investor looking to maximise their return or the developer looking for the next project.
Dual income properties with DA approval for a small development are extremely popular and rare. The location, functionality and potential of this block make it a premium package not to be missed.
• Council Approved – 3 Bedroom House and 2 bedroom Granny Flat.
• Current return of $710 per week.
• Zoning R3 Medium density residential.
• DA Approval for development of 3 Residential Townhouses
• Walk to local schools, shops, rail and CBD.
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Property Details for 2 Ithome St, Wyong

2 Ithome St, Wyong is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 524.8m2. The place is currently for sale with First National Real Estate Coastwide.

Building Type
House
Land Size
524.8m2

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About Wyong 2259

The size of Wyong is approximately 11.3 square kilometres. It has 20 parks covering nearly 22.4% of total area. The population of Wyong in 2011 was 3,631 people. By 2016 the population was 4,329 showing a population growth of 19.2% in the area during that time. The predominant age group in Wyong is 60-69 years. Households in Wyong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wyong work in a clerical occupation. In 2011, 55% of the homes in Wyong were owner-occupied compared with 54.3% in 2016.

Wyong has 2,966 properties.

    There are currently 27 properties listed for sale, and 26 properties listed for rent in Wyong on OnTheHouse. According to CoreLogic's data, 107 properties were sold in the past 12 months in Wyong.

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    David Manuelle
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