31 Fletcher Street, Wallsend, NSW 2287

Sold

Sold for $860,000 on May 27, 2025

Dual Income Opportunity - Prime Investment with Expansion Potential!

Unlock the full potential of this rare dual-income opportunity positioned perfectly on a level 695sqm corner block in sought-after Wallsend. This property features a versatile setup offering immediate returns and exciting future prospects!

• Main Residence: A versatile 2 or 3-bedroom home ready to move in or update for even higher rental returns.

• Second Dwelling: A self-contained 2-bedroom flat under the same roofline - ideal for multi-generational living, rental income, or future expansion into a larger family home.

• Flexible Living Options: Renovate and open up the home to seamlessly connect with the flat, creating one large family residence - while still enjoying a generous backyard for kids and pets!

• Future Development Potential: With wide 20m frontage and 33m depth, there's also space to add a third separate dwelling (STCA), maximizing your investment even further.

Currently, both dwellings are ready for lease:

• Main Home Rental Estimate: $550 per week

• Flat Rental Estimate: $450 per week (= Total estimated rental income: $1,000 per week!)

Highlights:

• Solid rental returns from day one

• Huge value-add potential with renovations or reconfiguration

• Flat, easy-to-build-on block

• Corner positioning offers great access and privacy for multiple dwellings

• Convenient location:

• 2 mins to Callaghan Campus Wallsend

• Walk to Plattsburg Public School

• Moments to Wallsend Village and Wallsend Pool

Perfect for investors, large families wanting extra space, or savvy developers looking for strong yield and future growth options.

Opportunities like this are rare - don't miss out!

Lisa Brzozowski

Trust Account Manager/Licensed Real Estate Agent

Craig Fennings

Licensed Real Estate Agent

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Property Info:

Property ID: L33857540
Property Type:House
Building / Floor Area:116 sqm
Carports:2
Open Parking:1
Land Area:695.6 sqm

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