8 Metcalfe Street, Wallsend NSW 2287

Beyond a traditional circa 1900 terrace facade, discover a unique and highly versatile real estate prospect in the heart of Wallsend. It's currently configured as two separate units offering a wealth of opportunity to multi-generational families as well as astute investors or those looking for a reconfigure/rebuild/development project.

Take advantage of the current 2 units and potential rewards of a high performing investment by renting out both, or live in one whilst renting out the other. Positioned on a 410sqm landholding, zoned Medium Density Residential, the four bedroom/two bathroom property could also be converted back to one grand family home or further developed into multi-dwelling residences, both subject to council approval.

Professionally painted inside and out, the ground level features high ceilings, timber floors and an open plan layout with a living domain, granite and electric kitchen and two bedrooms served by a family bathroom, laundry and rear deck overlooking the no-maintenance backyard. The upper level, accessed via a rear staircase features two bedrooms, an open plan living domain with modern kitchen and a bathroom and laundry.

-410sqm parcel with approximate dimensions of 12.24 X 36.89/29.60m
- Separately metered for electricity
-Unit 1 on ground level is currently vacant
-Unit 2 upstairs is currently leased to happy long term tenants
- Potential rent return for each unit is $350 - $380 per week
-Rear parking for two vehicles with enough room for a double garage (STCA)
-Revamp, reconfigure or explore the rebuild/development potential (STCA)
-Five minutes walk from Stockland Wallsend and moments to arterial roads