Description

Positioned in the established suburb of West Wallsend within Lake Macquarie City Council, this registered dual living residence presents a high-quality, income-focused opportunity in a tightly held regional corridor. Set on a generous 614.6m² infill allotment at 7 Watkins Street, this Hamptons façade design combines strong street appeal with a practical, investment-driven floorplan delivering two fully self-contained dwellings under one roof.

This is a genuine 3 + 2 dual living configuration, purpose-built to maximise rental performance and long-term portfolio resilience. With an estimated rental return of $1,090–$1,150 per week, the projected gross yield sits between approximately 4.36% and 4.60%, supported by ongoing demand for quality dual occupancy stock in the Newcastle and Lake Macquarie region.

The total internal build area spans approximately 228.6m², thoughtfully divided between the primary and secondary dwellings. The main residence offers three bedrooms, including a master with ensuite, open plan family and dining zones, a modern kitchen with 20mm manufactured stone benchtops and 600mm stainless steel appliances, and a covered alfresco for outdoor living. The secondary dwelling includes two bedrooms, its own bathroom, kitchen, living space and dedicated garage, allowing true independent occupancy.

Each dwelling features its own garage, kitchen, living area and entry, providing flexibility for investors seeking dual tenancies or owner-occupiers wanting extended family accommodation while retaining privacy. The layout incorporates compliant party wall construction in accordance with NCC requirements, ensuring proper separation between dwellings.

From a build quality perspective, the property includes a Colorbond roof, 2550mm ceiling heights throughout, steel reinforced slab construction, LED downlights, flyscreens to openable windows, roller blinds (excluding wet areas), and reverse cycle split-system air conditioning to key living areas and master bedrooms. Ceiling fans are included to bedrooms, enhancing tenant comfort and appeal.

Energy efficiency measures include solar power in line with BASIX requirements and rainwater tanks integrated into the design. Electric hot water systems are installed to both dwellings, and full fencing, driveway, turf and landscaping are included as part of the turnkey package, delivering a ready-to-lease asset upon settlement.

The Hamptons façade enhances street presence with painted timber detailing, feature cladding elements and a balanced elevation, ensuring the property maintains broad market appeal across both tenant and resale demographics.

West Wallsend continues to attract owner-occupiers and tenants seeking a village atmosphere with proximity to Newcastle, the M1 Motorway and major employment hubs. The suburb offers access to bushland surrounds, established schools and local retail amenities while maintaining convenient connectivity to the broader Hunter region.

The Lake Macquarie and Newcastle corridor benefits from ongoing infrastructure investment across transport, health, defence and education sectors. Major hospital upgrades, regional transport enhancements and employment growth in defence and aviation continue to underpin long-term economic stability. Population growth across the Hunter region supports sustained rental demand, particularly for modern dual living stock that offers affordability relative to metropolitan markets.

For investors, new dual living properties provide significant depreciation advantages, enhancing after-tax returns. The ability to secure two income streams on a single title also improves serviceability resilience and reduces vacancy risk compared to traditional single dwelling assets.

Key Investment Highlights:

Registered land – ready to proceed

Genuine 3 + 2 dual living configuration

614.6m² land holding

228.6m² total build area

Hamptons façade with strong street appeal

Two garages, two kitchens, two living zones

Reverse cycle air conditioning

Solar system in line with BASIX

Full turnkey inclusions including fencing and landscaping

Estimated $1,090–$1,150 per week rental return

Approx. 4.36%–4.60% gross yield

For investors seeking a balanced growth and income strategy within the Newcastle–Lake Macquarie corridor, this West Wallsend dual living opportunity represents a well-positioned, income-producing asset in an established and steadily expanding market.

If required, a tailored cashflow projection, depreciation overview or portfolio impact assessment can be prepared to align this opportunity with your broader investment strategy.