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9 Iranda Grove, Wallsend NSW 2287

$700,000 Friendly Auction

Search Band Search Visibility Band

$700k - $770k Low Confidence Calculated based on limited search observations.

House 5 Beds 2 Baths 1 Car 660 m²

Listed: 2 days ago

Updated: 1 hour ago

Overview

Situated in a quiet street in Wallsend, this solid single-level brick home stands as a valuable opportunity for renovators, investors, or builders aiming to add instant equity. The property occupies a generous 660 square meter land parcel, providing ample space for expansion or redevelopment.

Featuring five bedrooms, two bathrooms, a study, and a single car accommodation space, the home offers a proven layout to suit a variety of family and professional needs. Inside, the property presents expansive rooms dressed with timber-look flooring and plantation shutters, creating a flexible and functional base ready for customization. Its open living area enhances the sense of space and allows for versatile living arrangements.

From a market perspective, this property represents compelling value. With the current price guide at $700,000, it sits notably below the median house prices in Wallsend, approximated at $890,000, with four-bedroom houses typically fetching around $1,050,000. This price gap highlights substantial potential growth once the home is renovated or rebuilt.

For those looking to hold and rent, Wallsend's median house rent has increased by 8.0% in the past year to about $675 per week, suggesting steady demand and income potential. Whether opting to renovate for resale, remodel for rental income, or rebuild anew, the property offers a canvas to create substantial value in a growing area.

Local Market Insights

In Wallsend, Quiet Listings observed 37 new houses entering the market over the last 30 days, up from 30 during the previous 30-day period, with an average advertised asking price of $959,688. The property type mix of listed properties is predominantly Houses at 76%, followed by townhouses (7%), and land (5%). The most active agency for houses in the Wallsend area is currently Ray White, representing 19% of new listings, followed by Creative Property Co. with 11%. 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.