5 Russell Avenue

Adamstown Heights NSW 2289

5 Russell Avenue:
* Elevated 635 sqm corner block
* Large family home with 4 bedrooms and multiple living spaces
* Existing house in need of renovation with plenty of exciting potential
* Extensive views and established trees
* Family friendly street with park nearby
* Exceptional street location with a leafy outlook

1 Ellerslie Road:
* Elevated 614 sqm block
* Similar structure and condition, with solid potential for renovation or redevelopment
* Exceptional street location with a leafy outlook

Why Buy One When You Can Buy Two?
* The properties can be sold separately or together, offering flexibility to suit your needs:
* Developers can take advantage of the combined land size to create something exceptional.
* Investors can maximise their returns by redeveloping two properties in tandem.
* Homeowners looking for space and future growth potential have the chance to create a unique dual-home setup or a large, custom-built residence.

Location Highlights:
* Located in the highly regarded suburb of Adamstown Heights, known for its family-friendly atmosphere and strong community spirit.
* Close proximity to well-regarded schools makes it an ideal location for families.
* Excellent transport links with easy access to bus routes and major roads
* Just minutes from Westfield Kotara, offering a variety of shopping, dining, and entertainment options.
* Only 10 minutes to Dudley beach or the beautiful Merewether Beach, perfect for enjoying Newcastle's famous coastal lifestyle.

Suburb Insights:
Adamstown Heights is a thriving suburb with a strong property market. The median house price currently sits at $1,080,000, reflecting the area's desirability and strong demand. With an annual growth rate of 6.9% for houses, this suburb remains a solid investment choice. For investors, houses in Adamstown Heights typically rent for $695 per week, providing an attractive rental yield of 3.6%. (source realestate.com)

Zoning: R2 Low Density Residential
Land Area: 663sqm approx
Council: Lake Macquarie
Land Rates: $2445pa approx
Water Rates: $926pa approx

We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations. Photos maybe digitally edited and include virtual furniture.