Birmingham Gardens 14 Lee Crescent

Just 1200m from the University of Newcastle, this 6-bedroom single level home is currently configured for the student lifestyle presenting as a superb investment returning $840 per week when fully leased. With its substantial 997sqm allotment and current DA Approval to subdivide and create two lots - comprising of one 450sqm block retaining the existing home and create a second lot at the rear of 547sqm. The proposed lot at the rear is currently in council awaiting approval for 2 townhouses. This is an excellent opportunity for savvy buyers to reap the multiple income rewards of a potentially high performing investment. Take the lead and be a part of this exceptional find by building your very own townhouses with income from the existing 6 bedroom house and the newly built additional townhouses at the rear.
An area that's also minutes from everyday essentials at Stockland Jesmond and only 15 minutes to Newcastle CBD.

- 997sqm parcel with approximate dimensions of 12.19/22.56m X 55.75/60.02m
- DA approval from Newcastle City Council to create two separate lots
- The proposed lot at the rear is currently in council awaiting approval for 2 Townhouses
- Existing home has six fully furnished bedrooms served by two bathrooms
- 3minute drive to the university and close to shopping and buses to the CBD
- Rental potential of $840 per week when fully leased
- Council rates are approximately $1826 per year
- Water rates are approximately $877 per year
- Building and Pest reports are available on request
- Development application plans available on request

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.