83 Maize Street, Tenambit NSW 2323

Fully renovated 3-bedder on north-facing 607m² | Walk to school and shops | Post-renovation price gap vs recent sale | Family-friendly Tenambit with expansion scope The buying case rests on a rare combination: a full renovation on a north-facing 607m² block within walking distance of a primary school, childcare, and local shops. For a family buyer, this eliminates the trade-off between a move-in ready interior and a usable yard. The deep block and 23% building coverage leave room for a garage, studio, or pool without sacrificing outdoor space. The recent $480k sale followed by a $750k+ listing signals that renovation capital has been deployed, but the wide valuation gap , Domain at $510k mid-estimate versus Quietlistings’ search band , suggests the market has not yet fully priced the upgrade. This property suits a buyer who values immediate occupancy, school catchment convenience, and future optionality over a discount for deferred work. The primary risk is the valuation disconnect: lenders may not support the listing price based on recent comparable sales, potentially requiring a larger deposit or a negotiated discount. The rental yield of 4.86% is modest for the area, limiting passive hold appeal. However, the absence of flood, bushfire, or heritage overlays removes major insurance and development hurdles. Commercially, the opportunity is to acquire a fully renovated home on a subdivisible-scale block in a growth corridor between Maitland and Newcastle. Hold for capital growth driven by land value and school demand, or extend the footprint to lift equity without overcapitalising.