1-4/12 Lobelia Close
Metford, NSW 2323

Overview

Rare Find! Whole Unit Complex Opportunity in Metford

Positioned in a quiet cul-de-sac in Metford, 12 Lobelia Close offers a rare opportunity to acquire a complete block of four strata-titled units. This investment promises strong immediate returns, minimal ongoing maintenance, and exceptional long-term flexibility. It represents a high-yield, fully refurbished asset, ideal for investors or SMSF buyers seeking multiple income streams and future potential through individual strata sell-down.

The complex is constructed with solid double brick and tile, centered around a neat common entry featuring a staircase and foyer. It includes four allocated carports and a shared storage room. A long-term tenant in Unit 1 maintains the gardens and surrounds, contributing to the property's low-maintenance appeal.

The block comprises two spacious two-bedroom units and two well-appointed one-bedroom units. Currently, three units are tenanted, with one vacant and ready for immediate leasing or inspection.

Extensive refurbishment has been completed across the entire complex, significantly reducing future capital expenditure and enhancing tenant appeal. Upgrades include a fully restored and repainted roof with replacement of cracked tiles and ridge re-capping, refreshed external surfaces such as balconies, eaves, and fascia, and complete internal repainting of all units and common areas. Brand new kitchens have been installed in all units, with Unit 4 completed in 2024 and the remaining units within the past 12 months. New carpets have been laid throughout all units and shared spaces, new hot water systems installed, three new air conditioning units added for improved comfort, upgraded electrical switchboards in Units 1, 2, and 3, and new lighting installed throughout.

The result is a modernized, low-maintenance asset requiring no further work, making it an ideal set-and-forget addition to any investment portfolio.

Current income snapshot with confirmed increases includes Unit 1 at $400 per week increasing to $450 per week in April 2026, Unit 2 at $370 per week increasing to $430 per week in April 2026, Unit 4 at $400 per week increasing to $420 per week in April 2026, and Unit 3 (vacant) estimated at $450 to $500 per week. Projected gross weekly income ranges from $1,750 to $1,800, with projected annual income between $91,000 and $93,600.

Investment highlights include full strata titling, allowing retention as a high-performing portfolio or individual sale over time, strong rental uplift already secured, multiple income streams with staggered increases, recent refurbishment minimizing capital expenditure, low-maintenance asset with established tenancy profile, and suitability for SMSF buyers seeking reliable, diversified cash flow. The vacant unit provides opportunity for inspections and immediate leasing.

Location and convenience features include approximately 3 kilometers (5 minutes) to Stockland Green Hills Shopping Centre, 4 kilometers (6-7 minutes) to Maitland Hospital, 2.5 kilometers (4-5 minutes) to Metford Train Station on the Hunter Line to Newcastle, 30 kilometers (30-35 minutes) to Newcastle CBD, 2 kilometers (3-4 minutes) to Metford Public School, 3 kilometers (5 minutes) to Maitland Grossmann High School, and close proximity to parks, local shops, and everyday amenities within 2 to 5 minutes.

This opportunity to secure an entire, refurbished unit complex of this calibre is increasingly rare. With strong income, minimal upkeep, and the added advantage of strata flexibility, 12 Lobelia Close offers both immediate return and long-term growth potential.

Disclaimer: The information provided has been prepared with best endeavours to ensure accuracy but no responsibility is accepted for errors or omissions. Interested parties should verify details independently.

Location