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Overview
Set on a substantial 809 square metre corner block in one of Cessnock’s most desirable residential areas, this property presents a compelling investment and development opportunity. Zoned R3 Medium Density, the site offers the enticing potential for subdivision pending council approval, making it an excellent prospect for developers or astute investors looking to capitalize on growth in this tightly held market.
The existing home, a cavity brick and tile construction, comprises three bedrooms and is complemented by a home office, providing a versatile footprint. Though the residence requires some renovation, it offers a solid foundation and blank canvas ideal for those seeking to add value either through refurbishment for rental income or as part of a future redevelopment plan.
The corner positioning provides excellent street frontage and flexible access options, enhancing the block's appeal and the possibilities for future site configuration. The property's locale within Cessnock’s growth corridor ensures strong demand from both buyers and renters, reinforcing its long-term investment merits.
- Generous 809m² corner allotment with potential for subdivision (STCA)
- Three bedroom home with adaptable space including a home office
- Opportunity to renovate, rent, or redevelop in a sought-after location
- Strong appeal for investors, developers, or those seeking a value-add project
- Mountain aspect views contributing to the property's setting
This property is particularly appropriate for those aiming to secure a significant land asset with development prospects or investors keen on adding a value-add renovation to their portfolio. Its combination of land size, zoning flexibility, and location make it a rare offering in the Cessnock market that warrants serious consideration for multiple strategies including buy-and-hold, renovate-and-rent, or subdivide-and-build.
Local Market Insights
In Cessnock, Quiet Listings observed 48 new houses entering the market over the last 30 days, up from 45 during the previous 30-day period, with an average advertised asking price of $1,297,796. The property type mix of listed properties is predominantly Houses at 84%, followed by duplexes (14%), and land (2%). The most active agency for houses in the Cessnock area is currently Oliver Myers Properties, representing 48% of new listings. 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 |
|---|---|
| $699,000 | |
| $760,000 |
Location
Market Insights for Cessnock NSW 2325
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