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9 Ferguson Street, Cessnock NSW 2325

$$800,000

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$800k - $840k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1038 m² 95 m²

Listed: 5 hours ago

Overview

Situated in a convenient location in Cessnock, this property provides a unique opportunity for a diverse range of buyers, from developers to investors and first home buyers. The substantial 1,038 square metre block is zoned R3 Medium Density Residential, offering valuable potential for future development, subject to council approval. Side access enhances the functionality of the land, enabling options such as subdivision or adding a granny flat.

The existing residence is a tidy three-bedroom cottage built in the 1930s, offering comfortable accommodation with character and charm. Its manageable floor area of 95 square metres is complemented by generous outdoor space, providing residents with flexibility to personalise and upgrade the home to suit modern living standards. Investors will find appeal in the property’s current tenancy, which yields $400 per week, with the potential to increase rental income through cosmetic improvements reflecting current market trends.

This blend of immediate income and long-term development opportunity makes the site versatile. First home buyers can enjoy a welcoming home alongside the benefits of substantial landholding that may appreciate in value as the area develops further. The location also offers access to a range of local amenities, schools, and transport options, adding to the property's practical appeal.

Generous 1,038 sqm parcel of R3-zoned land with side access
Charming original cottage with three bedrooms and ample outdoor space
Current tenanted rental income with scope for rental enhancement
Possibilities for subdivision or secondary dwelling development (STCA)
Convenient proximity to schools, hospitals, and shopping precincts in Cessnock

Overall, 9 Ferguson Street presents a balanced proposition of present-day comfort and future potential, suitable for those seeking a property that combines a secure rental stream with development possibilities in a growing regional centre.

Local Market Insights

In Cessnock, Quiet Listings observed 19 new houses entering the market over the last 30 days, down from 57 during the previous 30-day period, with an average advertised asking price of $798,921. The property type mix of listed properties is predominantly Houses at 66%, followed by duplexes (14%), and land (10%). The most active agency for houses in the Cessnock area is currently McGrath Estate Agents, representing 21% of new listings, followed by Raine & Horne 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.