41 Stannett Street, Waratah West, NSW 2298

Price Guide $875,000

House
Type
7
Bedrooms
3
Bathrooms
2
Parkings
598 m²
Area

Last updated on Monday, June 22, 2026 ( See property details for 41 Stannett Street, Waratah West, NSW 2298)

Price Guide $875,000

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A versatile multi-income property in a prime location near the University of Newcastle, offering immediate returns and future growth potential.

🏡 Property Highlights

  • Flexible investment opportunity with three income streams from two units and a granny flat
  • Proven rental income of $1,395 per week with potential for further value-add
  • Prime location just 500m from the University of Newcastle and close to major amenities
  • Updated kitchens and bathrooms across all dwellings for modern living
  • Generous 598 m² block with off-street parking and shared laundry facilities
  • Potential for immediate income with scope to optimise and increase returns

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Garage
  • Ensuite
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)

Waratah West is a vibrant suburb renowned for its convenient access to the University of Newcastle, hospitals, and major transport links. It offers a strong community feel, proximity to beaches and shopping centres, and excellent growth prospects for investors and families alike. The area boasts a mix of established homes and new developments, making it an attractive location for long-term living and investment. Local amenities, schools, and parks enhance the suburb’s appeal, ensuring a balanced lifestyle with excellent connectivity.

What is the current rental income and potential for future growth?
The property currently generates a combined rental income of $1,395 per week, with scope to increase returns through further value-adding and re-leasing strategies.
Are there any recent updates or renovations to the property?
Yes, both the front and rear units have updated kitchens and bathrooms, with the front unit also featuring new carpet and fresh paint.
What is the layout and configuration of the dwellings?
The property comprises two three-bedroom units under one roof, along with a separate one-bedroom granny flat at the rear, providing multiple income streams.
Is there off-street parking available?
Yes, the property includes off-street parking and shared laundry facilities for convenience.
What are the nearby amenities and schools?
The property is close to Waratah West Public School, Corpus Christi, St Philip's, Callaghan College Jesmond, and Callaghan College Waratah, with easy access to the CBD, beaches, and shopping centres.
Are there any zoning restrictions or easements affecting the property? Has the property been inspected for structural issues or pests? Are there any upcoming planning or development proposals in the area? What are the strata or body corporate fees, if applicable? Is there any history of flooding or bushfire risk in the area? Are there any hidden costs associated with property maintenance or upgrades? Has the property been compliant with all building and safety regulations? Are there any restrictions on future modifications or extensions? What is the history of the property's rental performance and tenant stability? Are there any planned infrastructure projects that could impact the neighbourhood?

41 Stannett Street, Waratah West, NSW 2298 - More Details

Price Guide $875,000

Type
House
Bedrooms
7
Bathrooms
3
Parkings
2
Area
598 m²
House Size
598 m²

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