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The Fast Facts
- Development Approval (DA) has been obtained for constructing four new villas or townhomes behind the existing house.
- Each new property features a layout with 3 bedrooms, 2 bathrooms, and double garages.
- Set on an 1,733m2 allotment
- Comprehensive DA & CC documentation is readily available for review.
- All necessary services (e.g. water, electricity, sewage) are already connected to the site.
- The property boasts a generous frontage exceeding 20 metres.
- The existing home currently yields a rental income of $500 per week.
- The current house comprises 3 bedrooms and 1 bathroom, featuring a comfortable living space.
- Conveniently located near Lawes Street, offering easy access to grocers, cafes, medical facilities, and pharmacies.
- Within walking distance of Easts Leisure and Golf, enhancing recreational opportunities.
The Agent Loves
"This is a rare find in East Maitland, offering both a steady rental yield and the promise of growth through approved plans for new residences. It's perfect for those looking to capitalize on a prime location and opportunity".
The Location
East Maitland is a highly sought-after suburb that caters to those seeking a well-rounded and convenient lifestyle. It offers unparalleled access to everything you need, whether it's a leisurely stroll to the nearby shopping village or a quick drive to the new Maitland Hospital and Stockland Green Hills shopping centre.
Maitland CBD - 7 min (5.2km)
Stockland Green Hills - 3 min (1.7km)
Newcastle CBD - 32 min (30.7km)
The Snapshot
Discover the potential and opportunity at 35 Raymond Terrace, East Maitland. With DA approval for four new villas/townhomes, each featuring 3 bedrooms, 2 bathrooms, and double garages, this property offers an exciting development opportunity. Enjoy over 20 metres of frontage and a steady $500/week rental income from the existing 3-bedroom, 1-bathroom home. This is a prime chance to invest in a growing area, blending current rental yield with future development prospects.
The Opportunity
Nestled in the heart of East Maitland, this unique property at 35 Raymond Terrace presents a rare and lucrative development opportunity set on 1,733m2. Already approved for the construction of four new villas or townhomes, this is a perfect venture for investors or developers seeking a project with high potential.
The DA-approved plan showcases the layout of each new property, thoughtfully designed with modern living in mind. These spacious villas or townhomes will feature 3 bedrooms, 2 bathrooms, and the convenience of double garages, catering to a variety of lifestyle needs.
In addition to the future development, the site currently houses a charming and well-maintained 3-bedroom, 1-bathroom home. This delightful property boasts polished timber floorboards, an updated kitchen complete with stainless steel appliances and a gas cooktop. The light-filled living space, featuring an original brick fireplace and new blinds throughout, flows effortlessly onto a generous rear deck.
Conveniently, all the comprehensive DA and CC documents related to the development are readily available, ensuring a smooth transition for the new owners. The property also offers over 20m of street frontage and has all necessary services available on-site.
Currently, the existing home is leased for $500 per week, offering an immediate return on investment.
Situated in a prime East Maitland position, the property benefits from its proximity to Lawes Street amenities, including grocers, cafes, doctor's surgeries, and a pharmacy. Plus, it's within walking distance to Easts Leisure and Golf, adding to the allure of this exceptional offering.
Don't miss this chance to be part of East Maitland's vibrant future. Contact us today to explore this outstanding development opportunity at 35 Raymond Terrace!
SMS 35Ray to 0428 166 755 for a link to the online property brochure.
Remember to mention you found this property on DevelopmentReady
