132 Charlestown Road
Kotara, NSW 2289

Overview

High yielding investment or first home!

This property presents an excellent opportunity for investors or first home buyers seeking a high-yielding investment with minimal effort required. The home is currently tenanted, generating a rental income of $900 per week, with vacant possession available from April 2026. Prior to this, the rental was $880 per week. Investors can request detailed financial information including council, water, and insurance rates.

The residence is a rare, spacious single-level home situated on an easy-care, low-maintenance block of 586 square meters. It is Torrens title, meaning there are no strata fees, providing added value and convenience.

Architectural features include high ceilings and understated ornate ceilings that have been preserved from the original 1950s/1960s construction, adding character and charm to the home.

The property offers four double bedrooms, each equipped with ceiling fans and built-in robes, plus a versatile fifth room that can serve as a study, additional bedroom, or be converted to enlarge the front lounge room, which features an ornate archway.

There are two living areas, allowing for flexible use of space. One living room includes original double glass sliding doors, ideal for a media room or quiet retreat.

The large family kitchen is well-appointed with ample cupboard and bench space, a sizable corner pantry, an induction cooktop, and space to accommodate an extra-large refrigerator.

Outdoor living is enhanced by a large covered, elevated deck, perfect for enjoying afternoon sun or hosting summer barbecues.

The home includes two modern bathrooms, with the second toilet separate, and a family bathtub for convenience.

Energy efficiency is supported by a solar hot water system, significantly reducing electricity costs.

The fully fenced yard is low maintenance and pet-friendly, with additional storage space available under the house and deck.

Parking is ample, with space for three large vehicles at the front of the house, or four if two small cars are stack parked in the large carport. There is also vehicle access to the yard, suitable for storing an additional car, trailer, or camper van.

Windows have been upgraded to acoustic glass, and the home features solid core timber doors and brick construction, ensuring a quiet interior environment.

Access to the property is convenient, with easy on and off access to the main road and Newcastle Bypass via a wide double driveway. Traffic lights and a nearby roundabout facilitate smooth travel in all directions.

A large split system air conditioning unit will be installed in the rear living room prior to settlement, providing comfort during warmer months.

High-speed NBN internet is available, making the home ideal for remote work or as a home office.

Public transport options are nearby, including a major bus stop on Myall Road within walking distance, and short drives to Kotara minor train station (4 minutes) and Cardiff major train station (5 minutes).

The location is highly convenient, with close proximity to major employment hubs, shopping centers such as Westfield Kotara and Charlestown Square, and John Hunter Hospital.

Kotara is a sought-after, family-friendly suburb with excellent schooling options, including Garden Suburb Primary School within walking distance, and good zoning for high schools. Newcastle University is also a relatively short drive away.

The central location within Newcastle offers easy access to the bypass and major roads, allowing residents to reach most parts of Newcastle within 15 minutes or less.

Note for visitors attending open homes: parking is available in two uncovered concreted spaces directly in front of the house, or alternatively on Johnson Street across the road near a nearby roundabout. Please avoid blocking the main driveway to ensure safe entry and exit for attendees and to avoid inconvenience to neighboring residents.

A video tour of the property is available for viewing.

Location