21 Mary Street, Jesmond NSW 2299

In an area undergoing tremendous growth where homes on large blocks of land are being sought after for townhouse developments, this original weatherboard and tile home on a wide 911sqm parcel is brimming with outstanding potential offering an exciting renovation or development opportunity.

Currently configured as a two bedroom plus sunroom investment, it offers wide appeal to property investors, market newcomers seeking entry into an affordable hotspot or developers seeking a prime site for multi-dwelling housing subject to council approval.

It's located just 1100m from the University of Newcastle and strolling distance to Callaghan College and Stockland Jesmond.

*C1950's weatherboard and tile home in near original condition
*Offers superb renovation, knock down/rebuild or development potential (STCA)
*North facing parcel with approximate land size of 20.12m X 45.26m
*Approximate rental return of $280pw for investors
*Recent trends show students are moving into newer townhouse accommodation