Positioned in a highly sought-after street just 450m from Morisset's lively town center, this R3 zoned property offers the discerning investor the opportunity to develop within the medium density zoning.

With an encouraging 18-meter frontage and an overall area of approximately 971m2, this property offers a multitude of fantastic opportunities for the savvy buyer (STCA).
Currently the property has a 3-bedroom dwelling and a triple lock-up garage, which, subject to some improvements (STCA) offers a potential second dwelling with a combined possible cash flow of up to $550 per week. This level of return will buy you time as you consider further developing the site, or even allowing you to land bank the project until a moment in time when local values reach even greater heights.

Property features include 3 bedrooms, 2 bathrooms, a generous kitchen with open living spaces, north-west facing covered, timber deck, 9ft ceilings, timber floorboards, r/c air, triple lock-up garage with bathroom and more.

Morisset is a popular suburb of Lake Macquarie that offers easy access to both Newcastle and Sydney, placing this property in an ideal location for those wanting to live outside the city whilst maintaining easy access to it. With parks and sporting fields nearby, walking distance to primary and secondary schools, 450m from shops, medical services and other essential services including public transport and just 650m from the Sydney/Newcastle trainline, you can't go past the ease and convenience of this location. Call the team at Wilson Britten today to arrange your inspection or check it out at one of our scheduled open homes.