FOR SALE
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7/8 Mandalong Road
Adamstown NSW 2289

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 86m2
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Enter the Market!

A classic 1970's two bedroom brick unit ready to let you enter the market and then paint and prosper! In original condition with a long term tenant paying $350 per week this property will allow the home owner on a budget or first time investor to purchase in a popular, sought after inner suburb at minimal cost while the opportunity is still there. A floor area of 70 sqm including a sunny balcony plus a single garage of 16 sqm provides living and storage space larger than many equivalent new properties. They don't build them like this anymore with only 8 units in the complex occupying 1019sqm of prime corner position opposite a popular school. Less than 10 minutes drive to Newcastle's famous city beaches and 15 min to the Newcastle CBD! The Adamstown Village Centre is a walk away and this property is adjacent to large areas of parkland and sporting fields.

Property Details for 7/8 Mandalong Rd, Adamstown

7/8 Mandalong Rd, Adamstown is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a floor size of 86m2. The place is currently for sale with Ray White Newcastle Lake Macquarie.

Building Type
Unit
Floor Size
86m2

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About Adamstown 2289

The size of Adamstown is approximately 3 square kilometres. It has 8 parks covering nearly 31.2% of total area. The population of Adamstown in 2011 was 5,642 people. By 2016 the population was 6,053 showing a population growth of 7.3% in the area during that time. The predominant age group in Adamstown is 20-29 years. Households in Adamstown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adamstown work in a professional occupation. In 2011, 58.7% of the homes in Adamstown were owner-occupied compared with 57.7% in 2016.

Adamstown has 3,491 properties. Over the last 5 years, Houses in Adamstown have seen a 66.78% increase in median value, while Units have seen a 37.39% increase. As at 31 August 2024:

  • The median value for Houses in Adamstown is $1,063,828 while the median value for Units is $673,389.
  • Houses have a median rent of $645 while Units have a median rent of $500.
There are currently 17 properties listed for sale, and 7 properties listed for rent in Adamstown on OnTheHouse. According to CoreLogic's data, 134 properties were sold in the past 12 months in Adamstown.

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Contact agent
Brett Bailey
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Ray White Newcastle Lake Macquarie
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