8 Parklea Avenue, Croudace Bay

Versatile Investment or Home for Large or Multi-Generational Families

Offering easy proximity to sought-after schools, parkland and beautiful Lake Macquarie as well as dual street access and a highly versatile floorplan currently configured as two separate flats, this single level brick residence is an exciting find for investors and large or multi-generational families.

Take advantage of the current layout and the rewards of a possible dual income investment by renting out both or live in one whilst renting out the other. Positioned on a 645sqm landholding with second frontage to Winston Street, the 5-bedroom, 2-bathroom property could also easily convert back to a large family home with scope to modernise and add value.

From here, stroll with ease to Valentine sports fields, catch a bus to Belmont, Charlestown and Glendale or take a short drive to the shopping centres of Warners Bay and Mount Hutton.

- Single level brick home on 645sqm parcel
- Second frontage to quiet cul-de-sac street
- Unit 1 – 3bedroom, 1-bathroom with large living/dining area and electric kitchen
- Unit 2 – 2 bedroom, 1-bathroom/laundry, open plan living area with kitchenette
- Ducted a/c to unit 1 and split system to unit 2
- Shared double garage with workshop area accessed via Winston Street
- In catchment for popular Valentine Public Schools and Warners Bay High
- 300m from Croudace Bay Park and the shores of Lake Macquarie
- Potential rental return for unit 1 of $410 per week, Unit 2 of $325 per week, total return of $735 per week
- Council rates are approximately $1898 per year
- Water rates are approximately $701 per year

Disclaimer: We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.