Don't miss this rare opportunity to secure an unfinished project which includes a free house, in need of renovations and to be repositioned, as well as a DA approval for this dwelling and another to be constructed in accordance with the approval.
Positioned in the rapidly growing Newcastle suburb of Shortland, now is the perfect opportunity to secure your position in the market. You only need to take a drive through Shortland to be overwhelmed with the progress taking place as this sleeping giant awakes.
Better still, as this site is located away from the main road it will offer a more peaceful lifestyle yet with the convenience of a bus stop directly out the front and close proximity to local shops, Newcastle University, Newcastle CBD as well as the Hunter Expressway and M1 Motorway to Sydney.
The existing house offers 2 bedrooms, separate lounge and dining, original kitchen and bathroom and is in need of a cosmetic update inside and out.
With the potential to keep both dwellings on one title and collect approx. $700pw combined or subdivide and sell, this opportunity wont last long.
Call 02 4958 8555 to register your interest today.
The size of Shortland is approximately 6.1 square kilometres. It has 11 parks covering nearly 23.5% of total area. The population of Shortland in 2011 was 3,705 people. By 2016 the population was 3,880 showing a population growth of 4.7% in the area during that time. The predominant age group in Shortland is 20-29 years. Households in Shortland are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Shortland work in a trades occupation. In 2011, 66.4% of the homes in Shortland were owner-occupied compared with 61.7% in 2016.
Shortland has 2,114 properties. Over the last 5 years, Houses in Shortland have seen a 68.78% increase in median value, while Units have seen a 48.65% increase. As at 30 November 2024:
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