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Overview
Situated on a spacious 601 square metre block, this well-located house presents a prime opportunity for investors, renovators, and buyers seeking flexibility and future potential. One of the property's standout advantages is its long-term tenant, who has occupied the home for approximately 15 years, ensuring steady income from day one.
The residence offers solid structure and comfort, recently refreshed with new paint and featuring timber floorboards throughout, which provide a warm, classic ambiance and a strong foundation for further enhancements. The central hub of the home is its functional laminate kitchen, thoughtfully placed adjacent to the dining and living areas to facilitate ease of movement and interaction between spaces.
- A bright and spacious main bedroom invites natural light, enhancing the living experience.
- All three bedrooms are equipped with built-in wardrobes, maximizing storage and reducing clutter potential.
- The entryway and hallway boast a wide layout, promoting a sense of openness upon entering the home.
- A renovated bathroom provides modern convenience while maintaining the home's character.
- Outdoor living is catered for by a rear timber deck, ideal for relaxation or entertaining guests.
- A freestanding single lock-up garage offers secure parking and extra storage options.
Beyond the property's intrinsic merits, its location adds significant appeal; positioned close to schools, shopping venues, public transport, and the Raymond Terrace town centre, residents benefit from convenience and accessibility. Furthermore, being approximately two kilometres from the CBD and near the new M1 Motorway connection provides seamless access to Newcastle and Sydney, broadening daily commuting and travel options.
This property’s established tenancy coupled with clear scope for improvements and potential subdivision or granny flat development (subject to council approval) make it an attractive proposition. It caters particularly well to investors desiring reliable rental income, as well as buyers seeking a value-adding project with strategic growth prospects.
Local Market Insights
In Raymond Terrace, Quiet Listings observed 37 new houses entering the market over the last 30 days, up from 35 during the previous 30-day period, with an average advertised asking price of $1,030,784. The property type mix of listed properties is predominantly Houses at 59%, followed by land (14%), and apartments (8%). The most active agency for houses in the Raymond Terrace area is currently Adam Charles, representing 22% of new listings, followed by River Realty with 16%. 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 |
|---|---|
| $630,000 | |
| $620,000 - $650,000 |
Location
Market Insights for Raymond Terrace NSW 2324
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