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Sold on 30 Aug 2024 for $764,900

1 Park Street
Mayfield NSW 2304

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Land area: 235m2
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Property Details for 1 Park St, Mayfield

1 Park St, Mayfield is a 3 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 235m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Mayfield in the last 12 months.

Building Type
House
Land Size
235m2
Local Government
Newcastle
Lot/Plan
821/DP1140370

Last Listing description (August 2024)

This real estate gem brings you a gorgeous two-bedroom period home paired with a separate one-bedroom studio apartment – previously operating as a take-away shop.
Currently fetching a combined rental income of $750 per week, this dual-income setup promises steady returns with existing leases in place. Yet, the real allure lies in its potential. A few cosmetic updates could elevate rental income, or you could transform the layout turning this beauty into a unique family residence. Here you are literally footsteps from Mayfield Bowling Club and close to many surrounding parks and Mayfield Swimming Centre. Mayfield East Shopping Village is nearby for all your daily essentials or enjoy a coffee at some of Newcastle's finest cafes. Plus, you're within 6km from the city and beaches making this the perfect location to embrace the coastal lifestyle.

- Unique corner block property on 234.7sqm block with R3 zoning

- Two bedroom period home with ornate plaster ceiling, timber floors, timber lined ceilings, town gas heating and cooking, courtyard garden and off-street parking – lease runs until Nov - $400pw
- Spacious studio apartment with town gas cooking and solar hot water system installed – lease runs until Feb - $350pw
- Future potential to live in one residence while earning from the other
- Scope to add value with modern updates or reconfigure the floorplan
- Mayfield East Public School – 600m, San Clemente – 900m, St Columban's Primary –
1200m
- Stroll to Mayfield Bowlo, Mayfield Swim Centre, Islington Park, Equium Social
- Catch buses on Maitland Road into city, Uon and John Hunter Hospital

Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

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Property History for 1 Park St, Mayfield, NSW 2304

A timeline of how this property has performed in the market
Last Sold
$764,900
30 Aug 2024
Listed for Rent
$320/w
26 Feb 2019
  • 30 Aug 2024
    Sold for $764,900
  • 23 Jul 2024
    Listed for Sale $700,000 to $750,000
  • 26 Feb 2019
    Listed for Rent $320 / week
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About Mayfield 2304

The size of Mayfield is approximately 3.2 square kilometres. It has 18 parks covering nearly 6.9% of total area. The population of Mayfield in 2011 was 9,070 people. By 2016 the population was 9,301 showing a population growth of 2.5% in the area during that time. The predominant age group in Mayfield is 20-29 years. Households in Mayfield are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mayfield work in a professional occupation. In 2011, 58.3% of the homes in Mayfield were owner-occupied compared with 55% in 2016.

Mayfield has 5,216 properties. Over the last 5 years, Houses in Mayfield have seen a 69.50% increase in median value, while Units have seen a 51.22% increase. As at 31 July 2024:

  • The median value for Houses in Mayfield is $883,187 while the median value for Units is $628,613.
  • Houses have a median rent of $620 while Units have a median rent of $475.
There are currently 16 properties listed for sale, and 7 properties listed for rent in Mayfield on OnTheHouse. According to CoreLogic's data, 227 properties were sold in the past 12 months in Mayfield.

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