50 Woodward Street, Merewether NSW 2291

𝐈𝐧𝐬𝐩𝐞𝐜𝐭𝐢𝐨𝐧 𝐛𝐲 𝐚𝐩𝐩𝐨𝐢𝐧𝐭𝐦𝐞𝐧𝐭 - 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐝

When your property boasts some of the best coastal views in Merewether it's only right you have a stunning residence to match. Classic in design and retro in presentation, this four-bedroom abode is packed with potential for a new home befitting its prestigious position.

Use its great bones, generous room sizes, and dual access via Yule Lane to go down the richly rewarding renovation path if you choose. Alternatively, with DA approved plans already held for a stunning architectural abode that maximises the block's show-stopping vistas and 613.4sqm footprint, this could be the dream home opportunity of a lifetime.

Designed by renowned Newcastle based agency SDA, the plans provide for a visually stunning two-storey five-bedroom, four-bathroom home with a choice of living spaces, swimming pool, and multiple alfresco areas including a rooftop garden.
Wake up to beautiful sunrises, watch the ships sailing in and out of port, and spectacular weather systems moving along the coast to Port Stephens. Catch the annual migration on the whale superhighway and the city lights as they sparkle at dusk, the day/night vistas here are truly spectacular, and they could be yours!

 613.4sqm block with approximate dimensions of Width: 16.79m X Depth: 36.3m
 Perfect northeasterly aspect to take in the views and fresh sea air
 Double garage accessed via Yule Lane, second driveway also on Woodward Street
 Architectural and engineering plans already approved by Newcastle City Council
 Less than 2km to Merewether Beach and ocean baths
 850m to Merewether Heights public school and Heights Kindy
 Happy tenants on lease, returning $800 per week


Outgoings:
Water Rates: $823.83 approx. per annum
Council Rates: $3,608 approx. per annum

Current Rental Income: $800 per week
Estimated Rental Return on DA Approved Plan: $2,500 - $2,700 per week

Internal Living Area: 166 sqm
External Living Area: 3 sqm
Total Living Area: 169 sqm

This property is being sold under the Online Friendly Auction System.

An independent pest & building report (Change “pest & building” into “Strata” if the property is a strata title)is available on request at no charge to you. This is the type of report your solicitor would usually recommend purchasing before bidding at an auction or before making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about your queries in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction.

Flexible deposit and settlement conditions are also available by negotiation with the agent if required.

Offers can also be made prior to auction and each offer will be assessed on its merits.

Live streaming auction. Bid and buy with confidence in this consumer driven, transparent auction system that was pioneered here in Newcastle but is now in use across Australia. We also have a downloadable guide available on our website.

Disclaimer:
All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.