84 Michael Street, Jesmond, NSW 2299-Image

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84 Michael Street, Jesmond, NSW 2299

$750,000

House

Type

Bedrooms

Bathrooms

Parkings

606 m²

Area

Last updated on Wednesday, July 22, 2026 ( See property details for 84 Michael Street, Jesmond, NSW 2299)

$750,000

Lance Jensen - Real Estate Agent - Lance Jensen & Associates Real Estate

Lance Jensen Principal - Licensed Agent & Auctioneer

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile corner block in Jesmond offering potential for renovation, dual living, and excellent rental income in a prime central location.

🏡 Property Highlights

Centrally located in Newcastle’s inner-city suburb of Jesmond
Potential to convert into a single-family home or granny flat (STCA)
Corner block with side access and ample space
Currently separated into 3 units with a combined rental return of $1300 per week
Close to Newcastle University and major transport links
Opportunity to renovate and personalise the property

✨ Key Features

Built-in Robes
Open-Plan Living
Waterfront / Views
Outdoor Area
Garage
Security Screens / Gates
Floorboards
Workshop
Fully fenced
Pet-Friendly

Suburb and Property Insights of Jesmond, NSW 2299

Jesmond is a vibrant inner-city suburb offering excellent connectivity to Newcastle and Sydney, with proximity to university campuses, shopping centres, and recreational parks. Its central location provides convenient access to transport links, making it ideal for students, professionals, and families alike. The area boasts a mix of character homes and development opportunities, fostering a dynamic community atmosphere. With ample amenities and a strong rental market, Jesmond is a highly sought-after suburb for both investors and homeowners. The neighbourhood’s walkability and access to green spaces enhance its appeal for a balanced lifestyle.

Frequently Asked Questions

What is the current zoning for this property and are there any development restrictions?

The property is situated on a 606 sqm corner block with potential for development or renovation, subject to council approval. Buyers should verify zoning and development restrictions with the local council.

Can the property be converted back to a single-family home?

Yes, the property has the potential to be returned to a single-family residence with renovation, subject to council approval.

What are the current rental yields and are there any ongoing costs?

The three units currently generate a combined rental income of $1300 per week, with the owner paying for water and electricity. Potential investors should verify income details and ongoing expenses.

Are there any known structural issues or defects?

The property is described as a good hardwood framed house with potential for renovation. A thorough building inspection is recommended to identify any structural issues.

Is there any planning or upcoming development activity in the area?

Prospective buyers should consult local planning authorities for information on future developments or zoning changes in Jesmond.

What to ask about this property to agent?

Are there any hidden costs or upcoming council rates and levies associated with this property? Has the property been affected by any flooding, bushfire risks, or environmental hazards? Are there any easements, covenants, or zoning restrictions that could impact renovation or development plans? Is there any ongoing or planned construction nearby that could affect the property's value or livability? Are there any strata or community title considerations, if applicable, and what are the associated fees?

84 Michael Street, Jesmond, NSW 2299 - More Details

$750,000

Centrally located in one of Newcastle’s central inner-city suburbs.
Situated on approximately 606sqm with side access to the back of the block as it is a corner block.
Potential for granny flat subject to council approval.
This is a good hardwood framed house that has been separated into 3 units.
The rental return on the 3 units is $1300 per week, however the current owner pays for water and electricity.
There is the option to return the home to its former glory with lots of potential to make it your own.

Located near this property:
• Newcastle University
• Link road to Newcastle

• Link road to Sydney
• Playing fields
• Ovals

• Recreation parkland
• Shortland shopping centre

Opportunities like this don’t come by very often.
Everything is at your doorstep, this is a must see.

Disclaimer: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions, and exclusions.

Type: House
Bedrooms: 4
Bathrooms: 3
Parkings: 2
Area: 606 m²

Map & nearby places — 84 Michael Street, Jesmond, NSW 2299

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84 Michael Street, Jesmond, NSW 2299

$750,000

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