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Palwal Street, Dora Creek NSW 2264

$1,290,590

Listed: 5 days ago
Updated: 3 hours ago
Overview

This property presents a rare dual-key investment opportunity in the premium Park View Estate at Dora Creek, designed to generate two separate income streams from a single title. It is especially suited to investors seeking multiple sources of rental income and long-term capital growth in a rapidly developing area.

Set on a 601.3 square metre block, this thoughtfully planned dual occupancy home boasts five bedrooms, three bathrooms, and secure parking for two vehicles. The inclusion of a covered alfresco area complements the open living spaces, ideal for entertaining or enjoying quiet relaxation.

The package includes a fixed-price contract and comprehensive turnkey inclusions, which simplifies the process for investors by mitigating build complexity and cost uncertainty. The well-equipped kitchen features stone benchtops and premium stainless steel appliances, contributing to a low-maintenance and modern lifestyle.

Additional practical features such as ducted air conditioning, fully fenced grounds, outdoor entertainment space, secure parking, alarm system, and built-in wardrobes offer functionality tailored to tenant appeal, enhancing property desirability and rental potential. Flooring and window blinds are included, further supporting a hassle-free transition to tenancy.

Investors benefit from tax depreciation advantages associated with new construction, and the property's strong rental fundamentals are reflected in estimated weekly returns between $1,340 and $1,390, representing an attractive yield of approximately 5.6%. This highlights the property's income stability and appeal to today's tenant market.

Location wise, the property offers convenient access to major transport links including the M1 Motorway and Dora Creek train station, making it appealing for commuting professionals. Close proximity to Lake Macquarie's waterfront, recreational facilities, schools, shopping centres, and essential amenities enhance lifestyle options. Ongoing infrastructure investment and strong local population growth underpin long-term value prospects.

This dual-key home and land package is an appealing choice for investors seeking a low-maintenance, future-proof asset with dual rental income potential in an expanding suburb.

Local Market Insights

In Dora Creek, Quiet Listings observed 20 new houses entering the market over the last 30 days, down from 26 during the previous 30-day period, with an average advertised asking price of $1,321,423. The property type mix of listed properties is predominantly Houses at 75%, followed by land (11%), and units (4%). McGrath Estate Agents was the most active agency in this area, representing 30.0% 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.

Location
Palwal Street
Dora Creek NSW 2264
Market Insights for Dora Creek NSW 2264
New Listings (last 30 days)
20
Average price
$1,321,423
Lowest price
$790,000
Highest price
$4,000,000
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