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Overview
Set on a rare and expansive 809sqm corner allotment offering dual road frontage, this property presents an exceptional development prospect in the sought-after Cessnock area. The R3 Medium Density zoning, complemented by surrounding established duplex projects, underlines the considerable potential for subdivision or redevelopment opportunities subject to council approval.
The existing dwelling with two bedrooms, a bathroom and two parking spaces provides immediate holding income and a solid foundation for any future plans. Its positioning on a corner block offers excellent access from both frontages, enhancing flexibility for development or enhancement.
This property will particularly appeal to developers and investors looking to capitalize on medium-density zoning in a growth-focused region. Its combination of current residential functionality and substantial land size delivers both an immediate asset and significant scope for value-add projects.
Local Market Insights
In Cessnock, Quiet Listings observed 38 new houses entering the market over the last 30 days, down from 55 during the previous 30-day period, with an average advertised asking price of $957,790. The property type mix of listed properties is predominantly Houses at 89%, followed by land (5%), and commercial properties (5%). McGrath Estate Agents was the most active agency in this area, representing 32.6% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Change History
| Headline | When |
|---|---|
| $700,000 | |
| $760,000 |
Location
Cessnock NSW 2325
Market Insights for Cessnock NSW 2325
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
