10A Teak Street

Gateshead NSW 2290

* Ideal investment opportunity with $19,388 worth of depreciation benefits for the coming financial year commencing 1st July 2026
* Based on an estimated rental return of $795 pw, which the identical property next door is currently achieving, combined with the above $19,388 depreciation benefit, equates to a possible return on investment for astute investors of 6.75%
* Spacious 351sqm fully fenced level yard with plenty of room for children, pets or entertaining
* Open-plan living and dining area flowing seamlessly to a covered alfresco space
* Stylish kitchen featuring stone benchtops, breakfast bar seating, dual recessed sinks, wall oven, microwave, dishwasher and excellent storage
* Oak-profile flooring throughout the main living areas
* Convenient ground floor powder room and under-stair storage
* Three generous upstairs bedrooms with built-in robes and ceiling fans to bedrooms two and three
* Oversized master retreat complete with walk-in robe, private ensuite and additional sitting area
* Reverse-cycle air conditioning to the main bedroom and living area
* Single remote garage with internal access
* Excess off street parking for another two vehicles
* Energy-efficient 6kW solar system
* Quiet cul-de-sac location close to major amenities

Positioned in one of Lake Macquarie's most connected suburbs, residents will enjoy easy access to Charlestown Square, Redhead Beach, the lake foreshore, Mt Hutton Fair, quality schools and the city bypass, making daily commuting and weekend adventures equally effortless. The location continues to attract strong buyer demand thanks to its convenience, lifestyle appeal and outstanding access to both Newcastle and Lake Macquarie's most popular destinations.

What truly sets this property apart is the rarity of its offering. The combination of a brand-new Torrens Title home on a substantial 351sqm parcel is exceptionally difficult to find in today's market. While many newly built townhomes compromise on outdoor space and come with ongoing strata fees, this residence delivers genuine backyard living, privacy and the freedom of independent ownership. For downsizers, it provides room to relax and entertain without the maintenance burden of a larger property. First-home buyers will appreciate the security of builder warranties, while astute investors can capitalise on substantial depreciation benefits available with a brand-new asset, making it an attractive addition to any portfolio.

Zoning: R2 Low Density Residential
Land Area: 351sqm approx
Council: Lake Macquarie

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.