1 Ellerslie Road, Adamstown Heights NSW 2289

1 Ellerslie Road, Adamstown Heights, offers a unique opportunity for investors or homeowners looking to create something special. Situated on an elevated 614 sqm corner block in a desirable, leafy street, this property is perfect for those ready to renovate or rebuild.

Property Features:
* Elevated 614 sqm corner block
* 3 bedroom home with views
* Existing house in need of updating, with exciting redevelopment opportunities
* Prime location in a quiet, leafy, family friendly street with park nearby
* Incredible potential for a custom build or renovation project

A Neighbourhood of Growth and Convenience:
* Located in the highly regarded suburb of Adamstown Heights, known for its family-friendly atmosphere and strong community ties
* Close proximity to top schools, making it an ideal choice 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 and Merewether Beach, perfect for enjoying Newcastle's stunning coastal lifestyle

Suburb Insights:
Adamstown Heights continues to be a strong performer in the property market. The median house price is currently $1,080,000, underlining the suburb's popularity and demand. With an annual growth rate of 6.9% for houses, this suburb remains a solid investment choice. Investors can expect a typical rental income of $695 per week, providing a rental yield of 3.6%.

** The properties can be sold separately or together** with 5 Russell Avenue, giving you the flexibility to suit your needs.

Zoning: R2 Low Density Residential
Land Area: 600sqm approx
Council: Lake Macquarie
Land Rates: $2545pa 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.