1&2/16 Lockyer Street
Merewether

Open Space, Vintage Charm and Double the Value

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Prime for investment or development, this fantastic property rests peacefully in the foreground of a large, level block. Just streets away from Merewether Golf Club, Glenrock State Recreation Area, surf beaches, great schools and an array of suburban conveniences, it's well positioned to benefit a busy, yet leisurely lifestyle.

Abundant with classic, old-world charm, ornate high ceilings and original fixtures, this well maintained, weatherboard home has been cleverly separated into two distinct residences. Accessed via the front verandah, the larger one boasts two sun-drenched bedrooms, a spacious lounge, quaint bathroom and galley kitchen. The second residence, accessed via the rear staircase, offers two good-sized bedrooms and a proportionate kitchen and bathroom, sunlit lounge area and enclosed rear sunroom with views across the expansive, level back yard. Perfectly established with long-term tenants, the option of maintaining the home as an investment with immediate income potential is attainable. Alternatively, the land size and prime location provide flexible consideration for a knockdown rebuild or development scenario.

Placed in a family-friendly street surrounded by quality homes, you can bring your property aspirations to life minutes from bustling Beaumont Street, quality schools, popular beaches and a range of local shopping precincts. The CBD with its harbourside restaurants is also a short commute for work or entertainment. One of Newcastle's most sought-after suburbs, Merewether appeals to professionals, families and lovers of the outdoors.

- Unique investment or development opportunity on a large block in popular Merewether
- 2 separate residences under one roof, each with 2 bedrooms, 1 bathroom and kitchen.
- Currently tenanted with long-term tenants
- Single car lock-up garage; substantial off-street parking & shared laundry
- Minutes to Merewether Golf course, Junction Fair and Westfield Kotara, Newcastle CBD, surf beaches, mountain bike trails and quality schools

REGISTER TODAY FOR OUR ONLINE AUCTION THIS SATURDAY 25TH SEPT: https://auctionnow.com.au/properties/76430

Sold

$1,322,500

Features

Details

  • land size approx 723 m2
  • water rates $814 py
  • council rates $2,700 py

Available Documents

Your
agents

Michael Flook Real Estate Agent

Michael Flook 

Licensed Property Consultant 

0438 770 426 

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