38 Buttaba Ave, Belmont North NSW 2280

Because this isn't theory...it's a formula that works.

A subdivided block just down the street recently sold for $945,000, proving the model is not only possible, it's profitable. And with this site already separated, cleared, fenced, easy connection ability for plumbing and with phase 2 power to the front pole, you're a shortcut away from doing the same.

That's what makes this property so rare...it's both turnkey today and strategic tomorrow.

You can build a second home or granny flat straight away and keep both on one title for long-term capital growth, or formally subdivide (STCA) and create two titles for immediate equity uplift.

Live in one and rent the other.

Airbnb one and keep a steady tenant in the other.

Or use the front home for mum and dad while you build a new home out the back — the perfect blend of proximity, privacy, and practicality.

For young families, it's a way to get help with the mortgage and still own a property that grows with you.

For retirees, it's a low-maintenance, income-producing home that can evolve to suit your lifestyle.

And for investors, it's a proven dual-income play that could deliver around $1,200 per week combined with little more to do than submit your plans.

Just one suburb back from the sand at Redhead and minutes to Lake Macquarie, this location gives you that elusive balance, a peaceful residential pocket with the beach, lake, and city all within easy reach. You can surf at sunrise, launch the boat by mid-morning, and be in Newcastle for dinner, it's lifestyle and leverage rolled into one.

Sitting proudly in a quiet Belmont North street, the front home is a coastal cottage completely rebuilt from the ground up, new kitchen, new bathroom, almost new everything, already home to a fantastic tenant who treats it like their own. Every inch feels solid, fresh, and finished to last.

And out the back is where the magic happens.

A completely level, fenced, cleared section, already separated with boundary lines marked, and all the space in the world to create your next chapter, whether that's a second dwelling, a serious shed setup, or a new build that maximises the block's full potential.

This isn't speculative potential, this is real, measurable, and ready-to-go.

The legwork's done. The groundwork's finished. The returns are within reach.

Here's what you'll love:

• Fully renovated home with new cladding, fresh paint, refreshed roof, and manicured gardens

• Bright open-plan living with downlights, high ceilings, and glass sliders opening to the backyard

• Sleek designer kitchen with gloss cabinetry, soft-close drawers, stainless steel appliances, and dishwasher

• Split-system air-conditioning and hybrid timber flooring for effortless, low-maintenance comfort

• Modern bathroom with floor-to-ceiling tiles, frameless shower, and built-in laundry zone

• Freshly carpeted bedrooms with new blinds and natural light pouring in from every angle

• Fully fenced, completely level block with new boundary lines already separating the two areas

• Rear section cleared and ready, easily accessible plumbing connection, ideal for a granny flat, second dwelling, or full subdivision (STCA)

• Wide side access for vehicles, boats, trailers, or construction, plus full turning space at the rear

• Optional space for a large shed, home workshop, or backyard retreat

• Quality tenant in place offering instant rental income and flexibility to plan your next step

• Prime position: walking distance to Redhead Beach, minutes to Lake Macquarie, 15 minutes to Newcastle, and just 90 minutes to Sydney

For investors, this is a ready-made dual-income setup with development upside, it pays you now and sets you up for later.

For families, it's a way to secure your first home while using the back block to help fund your future build.

For retirees, it's a downsized lifestyle with income or space for family to stay close without being underfoot.

And for multi-generational households, it's a way to create two homes with privacy and connection, whether that's for grown kids saving a deposit, or for elderly parents you want nearby but independent.

This is smart investing, proven. It's neat, it's new, and it's loaded with upside. You can't fake this kind of setup

When the rest of the market sees it, it's gone.

So don't wait for the crowd.

Don't think about it.

Don't “sleep on it.”

Do your sums.

Bring your offer.

And if it stacks up...

Message now for the smart buyers move early...

Come & Besold…