You will be hard pressed to find a residential property of this size (708m) with R4 (High Density) zoning, available anywhere in Mayfield.

The property represents an excellent opportunity for in-fill development, or to renovate and extend the existing home. Within the Mayfield Renewal Corridor, a potential build height of 20m and a floor space ratio of 2:1 there are multiple options available for this unique offering.

The home, whilst in need of some TLC could easily be restored to its former glory as it retains some excellent period features such as timber fretwork, lead-light windows and ornate ceilings. And with a huge backyard, there is ample room for adding an extension where someone could create their dream home.

However, with the large land size and R4 zoning, there are multiple other development options that could be pursued. Some of the available options (STCA) may be:

- Renovate and extend the current property (residential)
- Renovate the current property and build second dwelling at the rear of the site
- Renovate and extend for a commercial opportunity such as a medical centre
- Townhouse development
- Commercial premises (e.g. childcare centre)
- Shop front with residential on upper levels

This area of Mayfield is currently undergoing significant renewal, with a large-scale residential development being constructed adjacent to the property.

The property enjoys outstanding lifestyle amenity within walking distance of Maitland Road (main shopping area), gyms, clubs, pubs, cafes & restaurants. Also with excellent access to transport links, with the pacific highway 200m away and Waratah Train Station a 550m stroll away.

Get in touch for more detailed information on the property, including an information memorandum on potential development opportunities.

Inspections by appointment only.

Features:

- 708 square metre block (approx)
- Site dimensions - 14.08m (frontage) x 50.29m (side)
- Zoned R4 High Density Residential under Newcastle LEP 2012
- Maximum Floor Space Ratio of 2:1
- Existing 3 bedroom dwelling with retained period features
- Detached double garage
- Waratah Train Station - 550m
- Maitland Road Shopping Precinct - 200m
- Mayfield Pool - 1.6km
- Newcastle CBD - 4.4km
- John Hunter Hospital - 6.8km
- University of Newcastle - 3.8km
- Newcastle Interchange - 4.4km
- Bar Beach - 6.9km