462 Freemans Drive, Cooranbong NSW 2265

Welcome to 462 Freemans Drive — a smart investment or versatile family home in the sought-after suburb of Cooranbong. Fully renovated and set on a generous block, this solid brick residence has been thoughtfully converted into two separate units, offering dual income potential and future flexibility.

Whether you're an investor chasing excellent rental returns or a homeowner wanting extra space, income, or multigenerational living, this is a golden opportunity in one of Lake Macquarie's fast-growing corridors.

Property Features:

Unit A – 2 Bedrooms | 1 Bathroom
Estimated Rental Return: $589 per week

Unit B – 1 Bedroom | 1 Bathroom
Estimated Rental Return: $509 per week

Combined Potential Income: $1,098 per week
That's over $57,000 per year in projected gross rental income!

- All-brick construction – solid, low-maintenance, and built to last
- Fully renovated interiors
- Original home design easily convertible back into a single dwelling
- Large garage + loads of space for an additional dwelling or granny flat (STCA)
- Separately metered with private entries

Prime Location
- Situated on Freemans Drive, a well-known and desirable street in Cooranbong
- Surrounded by quality homes and a mix of leafy, semi-rural outlooks
- Just minutes to Avondale School, local shops, cafes, medical, and public transport
- Close to major shopping hubs in Morisset and Toronto
- Moments to the M1 Motorway – under 60 mins to Wahroonga or Newcastle
- A peaceful location with strong rental demand and increasing capital growth

Why This Property?

Dual income = double the earning potential
Live in one, rent the other – perfect for downsizers, first home buyers or investors
Brick build = low maintenance and excellent insulation
Future flexibility – easily convert back to a spacious single-family home
Room to expand – plenty of space for a second dwelling or shed (STCA)

Properties like this — with instant income, solid construction, and long-term upside — are rare in Cooranbong. Whether you're looking to invest, live in, or land-bank for the future, 462 Freemans Drive is an opportunity not to be missed.

Contact us today to arrange your private inspection or request more information. Properties with this kind of flexibility and dual income potential don't last long!

Disclaimer:
All information contained in this listing is provided to Global Property by the third parties, and is intended as a guide only. No warranty is given as to it's accuracy and purchasers should rely on their own inquiries.