FOR SALE
Price Guide $305,000 - $325,000

24/1 Ken Tubman Drive
Maitland NSW 2320

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Set and Forget Investment Opportunity

This fantastic opportunity for a set-and-forget investment is located in the heart of Maitland. Under lease until 2027, with future options!
Quest Apartments Maitland is located approximately 36 minutes from the Newcastle Airport. Conveniently positioned in Maitland's CBD, just a short stroll to Maitland's Main shopping and business precinct, a variety of cafes and restaurants, as well as the Art Gallery and Cinema being close by.
The spacious single level, first floor one bedroom apartment features open plan living with balcony off both the living and bedroom areas. The master suite is home to a king sized bed and the apartment is fully furnished . The stunning bathroom has recently had a complete renovation and also provides laundry facilities for your convenience. The apartment has a full kitchen complete with dishwasher, oven, cooktop and fridge. Air Conditioned for year round comfort and completing the package is an open car space in the car park provided.
• A long term investment currently leased until 2027 with 4% increase each consecutive year.
• Current gross rent return $21956pa ,$422.23pw
• Rent increase March 2025 of 4% to $22834
• Rent increase March 2026 of 4% to $23748
• Rent increase March 2027 of 4% to $24698
• Council rates Approximately $320pa
• Water Approximately $900pa
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Property Details for 24/1 Ken Tubman Dr, Maitland

24/1 Ken Tubman Dr, Maitland is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The place is currently for sale with Ray White Maitland.

Building Type
Apartment

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About Maitland 2320

The size of Maitland is approximately 5.5 square kilometres. It has 7 parks covering nearly 13.4% of total area. The population of Maitland in 2011 was 1,833 people. By 2016 the population was 1,857 showing a population growth of 1.3% in the area during that time. The predominant age group in Maitland is 40-49 years. Households in Maitland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Maitland work in a professional occupation. In 2011, 60% of the homes in Maitland were owner-occupied compared with 58.3% in 2016.

Maitland has 1,748 properties.

    There are currently 11 properties listed for sale, and 4 properties listed for rent in Maitland on OnTheHouse. According to CoreLogic's data, 75 properties were sold in the past 12 months in Maitland.

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    Sharon Skelton
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    Katherine Taranto
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    Ray White Maitland
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