5 Russell AvenueAdamstown Heights NSW 2289
Property Details for 5 Russell Ave, Adamstown Heights
5 Russell Ave, Adamstown Heights is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 663m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 4 bedroom House sold in Adamstown Heights in the last 12 months.
Last Listing description (September 2024)
5 Russell Avenue, Adamstown Heights, presents a unique chance for savvy investors or homeowners looking for a project. Situated on an elevated corner block in a sought-after, leafy street, this property offers immense potential for those ready to renovate or rebuild. And the opportunity doesn't stop there—1 Ellerslie Road, the house next door, is also on the market, offering the rare chance to secure two adjoining properties in this prime location.
Property Features:
5 Russell Avenue:
* Elevated 635 sqm corner block
* Large family home with 4 bedrooms and multiple living spaces
* Existing house in need of renovation with plenty of exciting potential
* Extensive views and established trees
* Family friendly street with park nearby
* Exceptional street location with a leafy outlook
1 Ellerslie Road:
* Elevated 614 sqm block
* Similar structure and condition, with solid potential for renovation or redevelopment
* Exceptional street location with a leafy outlook
Why Buy One When You Can Buy Two?
* The properties can be sold separately or together, offering flexibility to suit your needs:
* Developers can take advantage of the combined land size to create something exceptional.
* Investors can maximise their returns by redeveloping two properties in tandem.
* Homeowners looking for space and future growth potential have the chance to create a unique dual-home setup or a large, custom-built residence.
Location Highlights:
* Located in the highly regarded suburb of Adamstown Heights, known for its family-friendly atmosphere and strong community spirit.
* Close proximity to well-regarded schools makes it an ideal location for families.
* Excellent transport links with easy access to bus routes and major roads
* Just minutes from Westfield Kotara, offering a variety of shopping, dining, and entertainment options.
* Only 10 minutes to Dudley beach or the beautiful Merewether Beach, perfect for enjoying Newcastle's famous coastal lifestyle.
Suburb Insights:
Adamstown Heights is a thriving suburb with a strong property market. The median house price currently sits at $1,080,000, reflecting the area's desirability and strong demand. With an annual growth rate of 6.9% for houses, this suburb remains a solid investment choice. For investors, houses in Adamstown Heights typically rent for $695 per week, providing an attractive rental yield of 3.6%. (source realestate.com)
Zoning: R2 Low Density Residential
Land Area: 663sqm approx
Council: Lake Macquarie
Land Rates: $2445pa approx
Water Rates: $926pa approx
We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. Photos maybe digitally edited and include virtual furniture.
Property History for 5 Russell Ave, Adamstown Heights, NSW 2289
- 27 Sep 2024Sold for $765,000
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0About Adamstown Heights 2289
The size of Adamstown Heights is approximately 2.4 square kilometres. It has 12 parks covering nearly 18.4% of total area. The population of Adamstown Heights in 2011 was 5,174 people. By 2016 the population was 5,286 showing a population growth of 2.2% in the area during that time. The predominant age group in Adamstown Heights is 40-49 years. Households in Adamstown Heights are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adamstown Heights work in a professional occupation. In 2011, 83.9% of the homes in Adamstown Heights were owner-occupied compared with 83.6% in 2016.
Adamstown Heights has 2,166 properties. Over the last 5 years, Houses in Adamstown Heights have seen a 63.60% increase in median value, while Units have seen a 41.62% increase. As at 30 November 2024:
- The median value for Houses in Adamstown Heights is $1,138,695 while the median value for Units is $728,748.
- Houses have a median rent of $740 while Units have a median rent of $560.
Suburb Insights for Adamstown Heights 2289
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