2 Narang Street East Maitland NSW 2323

Large block with separate studio | Established leafy location | Above-average size for area | Aligns with upper price range of recent sales This property presents a dual-income opportunity through its self-contained studio, offsetting holding costs, but carries a pricing risk from its brief current listing period following a prior 37-day market exposure. The commercial logic lies in leveraging the secondary dwelling for rental yield or family flexibility. Acquire as a long-term hold to capitalise on the appreciating value of a large, subdivided parcel in an established corridor. Its competitive strength is the rare combination of a spacious 873m² block with a fully-fenced, leafy outlook and a secondary dwelling within a proven family suburb. This serves a buyer seeking multigenerational living or investment hybrid, positioning them with immediate income potential and future land bank value. The polished floors and high ceilings from the 2008 renovation underscore a quality main residence. The recent sales cluster confirms the premium for five-bedroom homes here, making your next step a review of the studio’s compliance to secure this advantage. Nearby five-bedroom sales within the last eight weeks range from a low of $970,000 to a high of $1,290,000, with a median of $1.1 million. This property’s positioning within the upper band of this range is justified by its larger land parcel and secondary income facility.