Brimming with outstanding potential, this highly versatile real estate prospect is currently configured as two separate dwellings offering a wealth of opportunity to multi-generational families as well as astute investors or those looking to convert back to a large family home. A star attraction however may be in the 531sqm parcel of land. With current DA approval for a granny flat, its R3 Medium Density Residential zoning and the added benefit of rear lane access will hold appeal to builders and property developers. Take advantage of the current layout and rewards of a dual income investment by continuing to rent out both dwellings, with an approximate return of $570 per week when both let or live in one whilst renting out the other. The 4-bedroom, 2-bathroom property could also easily convert back to a large family home with scope to modernise and add value. In a fabulous location a few short steps from Broadmeadow Station, across the road from two childcare centres and a short stroll to the weekend farmers' markets, this exciting real estate prospect comes with everything Broadmeadow has to offer on the doorstep. - Single level home on deep 539sqm parcel zoned R3 Medium Density - Approximate dimensions of 10.56m X 50.29m with rear lane access - Front flat – 3bed, 1bath with tidy eat-in kitchen currently untenanted - Rear flat – 1bed, 1 bath, currently returning $220pw with tenant on lease until Sept - Rear lane access into oversized tandem garage plus carport - Just 3km from Newcastle interchange and the harbour This property is being sold under the revolutionary Friendly Auction System. An independent pest & building report is available on request at no charge to you. This is the type of report your solicitor would usually recommend purchasing before bidding at an auction or before making an unconditional offer prior to auction and are conducted by a panel of reputable companies. The companies have consented to friendly auction terms and will generally be happy to speak to you about your queries in reports and in most cases transfer the reports into your name if you are the successful buyer at auction or prior to auction: see each report for details. Flexible deposit and settlement conditions are also available by negotiation with the agent if required. Offers can also be made prior to auction and each offer will be assessed on its merits. In-rooms auction event scheduled at The Arc at Watt Street Commercial Centre (Cnr King and Watt St Newcastle). Bid and buy with confidence in this consumer driven, transparent auction system that was pioneered here in Newcastle but is now in use across Australia. We also have a downloadable guide available on our website. Disclaimer: All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.