Lot 15 - Virgo Street - Elermore Vale

Elermore Vale, Newcastle, NSW, 2287

$ 1,262,689

Elermore Vale, Newcastle, NSW, 2287
Lot 15 - Virgo Street - Elermore Vale-0
Lot 15 - Virgo Street - Elermore Vale-1
Lot 15 - Virgo Street - Elermore Vale-2
Lot 15 - Virgo Street - Elermore Vale-3

Property Images

Lot 15 - Virgo Street - Elermore Vale-0 Lot 15 - Virgo Street - Elermore Vale-1 Lot 15 - Virgo Street - Elermore Vale-2 Lot 15 - Virgo Street - Elermore Vale-3

Overview

Property ID: LA-4801

  • Dual Occupancy
  • Property Type
  • 3+2
  • Bedrooms
  • 2+1
  • Bathrooms
  • 1+1
  • Cars
  • 219

Details

Updated on Sep 30, 2024 at 12:27 am

Property Type: Dual Occupancy
Price: $ 1,262,689
Land Price: $ 620,000
Build Price: $ 642,689
Gross Per Week: $ 1,070
Gross Per Annum: $ 55,640
Gross Yield: 4.41%
Capital Growth 12 Months: 5.16%
Capital Growth 10 Year Annualised: 6.36%
Vacancy Rate: 1.43%
Property Size: 219 m2
Land Area: 490 m2
Bedrooms: 3+2
Bathrooms: 2+1
Parking: 1+1
Title Status: Registered
Property ID: 4801
SKU: 1001

Description

*Please be advised that some lots/units may need confirmation of availability. Kindly ensure to check availability first by emailing or phoning us.*

Elermore Vale is a suburb located in the western part of Newcastle, New South Wales. It is known for its peaceful residential areas, green spaces, and close-knit community. The suburb offers a blend of convenience and suburban tranquility, making it a popular choice for families and individuals alike.

Suburb Overview

Elermore Vale is situated approximately 13 kilometers west of Newcastle's central business district (CBD). The suburb is predominantly residential, featuring a mix of older homes and modern developments. Its proximity to major transport routes and amenities makes it a convenient location for residents.

Transportation

  • Roads: The suburb is well-connected by major roads, including the Newcastle Inner City Bypass and Croudace Road. These routes provide easy access to Newcastle CBD, nearby suburbs, and the broader Hunter region.
  • Public Transport: Elermore Vale is serviced by several bus routes operated by Newcastle Transport. These routes connect the suburb to the Newcastle CBD, John Hunter Hospital, and surrounding areas. The closest train station is in nearby Cardiff, offering services on the Central Coast & Newcastle Line.

Schools

  • Primary and Secondary Education: Elermore Vale offers several educational institutions. Elermore Vale Public School serves the primary school-aged population, while nearby secondary schools include Glendale Technology High School and Wallsend Campus of Callaghan College. Additionally, St. Patrick's Primary School in Wallsend offers a Catholic education.
  • Tertiary Education: For higher education, residents can access the University of Newcastle, located in the nearby suburb of Callaghan, offering a wide range of undergraduate and postgraduate programs.

Parks and Recreational Areas

  • Local Parks: The suburb features several parks and recreational areas, including Elermore Vale Park, which offers sports facilities, playgrounds, and picnic areas. Macquarie Park and Frederick Street Reserve are other notable green spaces in the area.
  • Recreational Facilities: Elermore Vale has a range of recreational facilities, including sports fields and community centers. The nearby Wallsend District Library and Community Centre provide a venue for various activities and events.

Shopping and Amenities

  • Local Shops: The suburb has local shopping options, including Elermore Vale Shopping Centre, which features a supermarket, specialty stores, and dining options. There are also various small shops and convenience stores scattered throughout the suburb.
  • Nearby Shopping Centers: For more extensive shopping, residents can visit nearby Stockland Glendale or Charlestown Square, both offering a wide range of retail stores, restaurants, and entertainment facilities.

Infrastructure

  • Healthcare: Elermore Vale has access to local medical centers, dental practices, and pharmacies. The nearby John Hunter Hospital in New Lambton Heights provides comprehensive healthcare services, including emergency care and specialist clinics.
  • Community Services: The suburb benefits from various community services, including libraries, community halls, and support services. The Wallsend District Library offers access to books, digital resources, and community programs.

Community Services

  • Libraries and Community Centers: The Wallsend District Library is a key facility for the community, offering a range of services and programs. The Elermore Vale Community Centre also hosts events, workshops, and social activities.
  • Sports and Recreation Clubs: The suburb is home to several sports clubs, including those for soccer, rugby, and cricket. The Elermore Vale Men’s Shed provides a space for community members to engage in woodworking and other crafts.

Events and Entertainment

  • Community Events: Elermore Vale participates in various community events and activities, often in conjunction with nearby suburbs. Events such as local fairs, markets, and festivals provide entertainment and foster community engagement.
  • Cultural Events: The Newcastle area, including nearby suburbs, offers a rich cultural scene with theaters, galleries, and music venues. Residents can easily access cultural events and activities in the broader Newcastle region.

Real Estate

  • Housing: The real estate market in Elermore Vale features a variety of properties, including older, established homes and newer developments. The suburb's peaceful environment and convenient location make it an attractive option for homebuyers and renters.

Elermore Vale offers a balanced lifestyle with access to necessary amenities, green spaces, and a supportive community.

Disclaimer*

Reservation Requirements: 1. Completed EOI (Property Reservation form under Fusion CRM Online Forms) 2. Holding deposit receipt (amount TBA) 3. Copy of client's finance pre-approval letter/comfort letter from the broker 4. Copy of client's ID
All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.

Address Lot 15 - Virgo Street - Elermore Vale
City Newcastle
State NSW
Postcode 2287
Suburb Elermore Vale

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

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This property is a single-contract property suitable for an SMSF.

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