6 Victory Parade, Wallsend, NSW 2287 | BlockOfUnits for sale | OnTheHouse
 
FOR SALE
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6 Victory Parade
Wallsend NSW 2287

Bedrooms: 36
Bathrooms: 36
Car spaces: 24
Floor area: 1946m2
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A strategic, fully-leased residential complex with immediate returns and long-term growth potential

24 x 1-bedroom apartments
12 x studio apartments
Fully let annual income of $804,960*
For Sale by Expressions of Interest closing Tuesday 9th December at 12pm
This fully established residential complex presents a substantial tenanted investment opportunity with strong income performance and long-term growth potential.
The property comprises 36 self contained apartments across two wings, offering a mix of one bedroom and studio layouts that appeal to a broad tenant base, including students and professionals. With 31 units currently leased and 5 units withheld from leasing for use as display suites, the complex generates an annual income of $804,960, supported by consistent occupancy trends in the local rental market.
Each wing of the complex has been designed for operational efficiency, with a total building area of 2,650 sqm* on a site of 2,158 sqm*. The accommodation mix includes 24 one-bedroom apartments and 12 studio units, complemented by 24 onsite car spaces. The layout and amenity provide strong ongoing rental demand, with flexibility for future refurbishment or portfolio value enhancement.
Positioned within walking distance of Stockland Shopping Centre and just 1.9km from the University of Newcastle, the property offers excellent accessibility and convenience for residents. It also benefits from proximity to the soon-to-be completed Newcastle Inner City Bypass, providing improved connectivity to John Hunter Hospital and key employment precincts. Jesmond's continued population growth, easy access to Newcastle Road, and strong transport links further underpin tenant demand, supporting the property's income stability and long-term investment performance.
In addition, the owner also holds 2 Victory Parade, Wallsend, a 594sqm adjoining parcel that presents a prime development opportunity with the potential to accommodate up to nine residential units (STCA). Together, the combined landholding offers excellent flexibility for investors or developers seeking both a strong income-producing asset and a future development pipeline within the same precinct.
- Total building area 2,650 sqm* providing scale and operational efficiency
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Property Details for 6 Victory Pde, Wallsend

6 Victory Pde, Wallsend is a 36 bedroom, 36 bathroom BlockOfUnits with 24 parking spaces. The property has a floor size of 1946m2. The place is currently for sale with Green St Property.

Building Type
BlockOfUnits
Floor Size
1946m2
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About Wallsend 2287

The size of Wallsend is approximately 13.5 square kilometres. It has 41 parks covering nearly 6.7% of total area. The population of Wallsend in 2016 was 12470 people. By 2021 the population was 13244 showing a population growth of 6.2% in the area during that time. The predominant age group in Wallsend is 20-29 years. Households in Wallsend are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wallsend work in a professional occupation.In 2021, 59.30% of the homes in Wallsend were owner-occupied compared with 61.20% in 2016.

Wallsend has 6,721 properties. Over the last 5 years, Houses in Wallsend have seen a 67.19% increase in median value, while Units have seen a 55.07% increase. As at 31 October 2025:

  • The median value for Houses in Wallsend is $855,483 while the median value for Units is $647,084.
  • Houses have a median rent of $620 while Units have a median rent of $620.
There are currently 15 properties listed for sale, and 12 properties listed for rent in Wallsend on OnTheHouse. According to Cotality's data, 307 properties were sold in the past 12 months in Wallsend.

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Peter Aloupis
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Amelia Moss
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Green St Property
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