217 Sandgate Road, 1008m2 (Approx.) in size with an opportune 15m frontage (Approx.), is poised for development. The property is zoned R2 – Low Density Residential and has the added advantage of having a natural slope back towards the road. Currently rented for $550 per week between the two residences, this property allows for strong cash flow whilst awaiting DA approval. The site itself is suitable for multi-dwelling development (STCA).

With a close proximity to the University of Newcastle and the shopping centres at Jesmond and Wallsend, any future dwelling should not have any trouble finding tenants or buyers.

The existing home on the block consists of:

Two bedrooms, main with sunroom
Lounge with air conditioning unit
Combined dining and kitchen with electric cooktop
Bathroom with shower, toilet and vanity
Undercover entertaining area at rear

Undoubtedly, this property has tremendous development opportunity with the added bonus of an instant and strong rental return.