Located within a 400m radius of the NSW Government's Transport-Oriented Development (TOD) zone, this 1,012m² property presents an exceptional opportunity for investors and developers. The TOD zoning allows for the potential development of a 6-storey apartment block, especially when combined with adjacent properties, making this a strategic acquisition for future growth.

The substantial residence offers dual income potential, featuring a versatile layout with up to 7 bedrooms, two kitchens, and four bathrooms. The main dwelling includes 6 bedrooms (or 5 and a study), two kitchens, and three bathrooms, providing ample space for extended family living or rental returns. Additionally, a separate self-contained one-bedroom studio overlooks the inground pool, spa, and complete with its own bathroom for added convenience.

While significant work has already been done throughout, adding some finishing touches will either enhance your enjoyment of the home or make it even more appealing to future tenants. If dual income is the goal, some minor work will be needed to separate the two homes, as well as installing separate electrical and plumbing meters.

Whether you're looking for a strategic investment with high return potential or a dual-family residence in close proximity to Morisset CBD, 28 Newcastle Street is a unique offering at an exciting time of future growth for Morisset.