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217 Sandgate Road, Birmingham Gardens, NSW, 2287
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Property Highlights

1024M2 DEVELOPMENT OPPORTUNITY

1024m2 in size with a home already at the front of the block, this property is poised for future development. The property is zoned R2 – Low Density Residential and has the added advantage of having a natural slope back towards the road. Currently rented for $320 per week this property allows for a steady cash flow whilst awaiting DA approval. The site itself may be suitable for multi-dwelling development or sub division of the front home leaving land at the rear for building a second home, duplex or triplex (STCA).

With a close proximity to the University of Newcastle and the shopping centres at Jesmond and Wallsend, any future dwelling should not have any trouble finding tenants or buyers. The suburb of Birmingham Gardens is an ideal location for University Students but is also popular with first home buyers.

The existing home on the block consists of:

- Two bedrooms, main with sunroom.
- Lounge with air conditioning unit.
- Combined dining and kitchen with electric cooktop.
- Bathroom with shower, toilet and vanity.
- Undercover entertaining area at rear.
- Currently leased for $320 per week until 10/02/2021.
- Council Rates: Approx. $1,700 p/a.
- Water Rates: Approx. $780 + usage p/a.

Undoubtedly, this property has tremendous development opportunity with the added bonus of an instant and steady rental return

Remember to mention you found this property on DevelopmentReady

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