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Expressions of Interest
Attention investors and real estate developers, this unique development opportunity is in the heart of the Hunter Valley just moments from the Hunter Expressway.
Situated on a flat 825m2 block with dual street access, this is a partially complete development to create two separate properties with all of the hard work already done including DA, sewer main installation and water main installation.
A subdivision has already been approved by council and paid for, with the subdivision to be registered once renovations are complete (given conditions of the DA are met) to create two separate properties - 20 Wermol Street and the proposed 5 Elliott Street.
The front dwelling facing Wermol Street is a modest 2 bedroom weatherboard home with a formal living area and eat-in kitchen. The rear home facing Elliott Street is a country-style weatherboard home with a large verandah, three bedrooms, formal lounge and eat-in kitchen/dining. Both dwellings require some TLC to get them ready for occupants, but for the astute investor this is a lucrative opportunity to finish off the vision of the original owner and create two finished properties for the price of 1.
Once renovations are complete (please see artists impression of potential renovation of 5 Elliott Street) you could sell one property off to down pay the mortgage, or keep both and utilise potential new equity for another investment purchase.
Located just minutes from the Kurri Kurri CBD, this is your opportunity to invest in an area experiencing rapid growth. Plus being only 5 minutes from the Hunter Expressway, you'll enjoy easy commuting throughout the Valley, whether its to Newcastle and its famous beaches or to the renowned Hunter Valley Vineyards.
- Flat 825m2 block with dual street access
- 2 bedroom home fronting Wermol Street
- 3 bedroom home fronting Elliott Street requiring renovation
- 1km to Kurri CBD
- 3km to Hunter Expressway
- 15 minutes to Hunter Valley Vineyards
- 30 minutes to Newcastle
Disclaimer: All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
5/89 Northcote Street, Kurri Kurri NSW 2327
Call Carolyn Wallis-Tomlins on
0488061192
Call Caitlin Sharpe on
(02) 4936 1864
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