Adamstown Heights 1 Ellerslie Road

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 block3 bedroom home with viewsExisting house in need of updating, with exciting redevelopment opportunitiesPrime 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 tiesClose proximity to top schools, making it an ideal choice for familiesExcellent transport links with easy access to bus routes and major roadsJust minutes from Westfield Kotara, offering a variety of shopping, dining, and entertainment optionsOnly 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.

Property Information

• Land area approx 600sqm