$1,100,000 - $1,150,000
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8 Algona Road, Charlestown NSW 2290

House
635
Block size: 758 m² approx.

Calling Investors - Fresh Presentation and Multiple Income Streams

An outstanding opportunity exists for investors to take full advantage of this property's diverse multiple-dwelling footprint and prime Charlestown location.

Presenting versatile options for family living or home and income, the large main home boasts air-conditioned living areas, plantation shutters, versatile flooring and well-equipped kitchens.

A separate two-bedroom granny flat sits at the property's rear and was constructed in 2020, boasting up-to-the-minute style and also featuring a living room with split-system air-conditioning and a glossy kitchen.

Each of these dwellings are crisply presented throughout and offer lock-and-leave convenience. This is the kind of opportunity investors often seek yet rarely find.

With the rooftop dining hub, retail stores and cinemas at Charlestown Square within a 5-minute stroll, medical centres on the doorstep, Fernleigh Track minutes away, and the local area short on rental accommodation, 8 Algona Road promises a rewarding and fuss-free property to add to any investment portfolio.

- Split-level home configured for rental convenience, plus a modern granny flat
- Combined, these dwellings have a potential income return of $1,600 per week
- Split-system air-conditioning in each home backed up by ceiling fans in all bedrooms
- Fresh and modern throughout, and all enjoy plenty of natural sunlight
- Plantation shutters, quality floor coverings and clean, neutral colour palettes
- Younger investors may choose to live in one dwelling and rent the others
- Set upon a large 758sqm parcel in central Charlestown
- 4-min drive to Dudley Beach, 7-mins to Redhead Beach or Warners Bay
- 10-min drive to John Hunter Hospital or Newcastle's CBD and harbour

Features include: Air Conditioning,Built-In Wardrobes,Close to Transport,Close to Shops,Close to Schools,Dishwasher

Inspections

Saturday, 27 Apr12:00pm - 12:30pm
Can't inspect in person?

Contact Mick Phillips to enquire about this property including alternatives to in-person inspections.

Key details

Bedrooms:
6
Bathrooms:
3
Garage Spaces:
5
Property type:
House
Block Size:
758 *

Other Details

Lot:
1
Plan Type:
DP
Plan:
1287204
Legal description:
1/1287204
Belle Property Lake Macquarie
Next Inspection:

Maps and area information

Block information
Block size: 758 (approx)
Legal description: 1/1287204
Block Map
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.

Property history

You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
Property History
29 Jul 2022
Sold
$0
Transfer: 29/07/2022
Block size: 1615m²
Transfer type: Full transfer
28 Sep 2018
Sold
$570,000
Contract: 14/09/2018
Transfer: 28/09/2018
Block size: 1615m²
Transfer type: Full transfer
Purpose: Residence

Charlestown suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
40 years
Population
13,601
Listing ID: 182367467. This listing has been viewed 15 times. It was first displayed on 12/03/2024 and last updated on 24/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.