SOLD
Sold on 04 Jul 2024 for $2,450,000

11 Teralba Road
Broadmeadow NSW 2292

Bedrooms: 9
Bathrooms: 5
Car spaces: 5
Floor area: 122m2
Land area: 967m2
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Property Details for 11 Teralba Rd, Broadmeadow

11 Teralba Rd, Broadmeadow is a 9 bedroom, 5 bathroom House with 5 parking spaces. The property has a land size of 967m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 9 bedroom House sold in Broadmeadow in the last 12 months.

Building Type
House
Floor Size
122m2
Land Size
967m2
Local Government
Newcastle
Lot/Plan
1982/DP755247

Last Listing description (June 2024)

This property represents an exciting opportunity for developers or investors to acquire a prime parcel of land with five (5) villa units in the heart of Broadmeadow.

Ideal investment or potential to strata and sell off individually.

The property consists of:

* 4 x 2-bedroom villas
* 1 x 1-bedroom villa
* 5 x lock-up garages
* All units have 1-bathroom, internal laundry and courtyard
* All units have separate water meters
* Site area 968m 20m frontage Approx.
* Zoned R3 Medium Density Residential
* Not strata titled
* Potential gross income of $131,500 pa

Located in the vibrant Broadmeadow precinct with excellent access to all public transport, just a 400m level walk to Broadmeadow train station, surrounded by local schools including Merewether High School (400m) and the Hunter School of Performing Arts (600m)

With plans in place for the catalyst area, Broadmeadow will be a major sports and entertainment hub catering for national and international sporting events and concerts. It will allow easy access to world-class facilities by both residents and visitors.

NCC rates $3,244pa Water rates approx. $4,000pa with water usage.

*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 11 Teralba Rd, Broadmeadow, NSW 2292

A timeline of how this property has performed in the market
Last Sold
$2,450,000
04 Jul 2024
  • 04 Jul 2024
    Sold for $2,450,000
  • 23 May 2024
    Listed for Sale Guide $2,500,000
  • 17 Aug 2021
    Sold
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About Broadmeadow 2292

The size of Broadmeadow is approximately 2.4 square kilometres. It has 9 parks covering nearly 24.5% of total area. The population of Broadmeadow in 2011 was 1,552 people. By 2016 the population was 1,567 showing a population growth of 1.0% in the area during that time. The predominant age group in Broadmeadow is 30-39 years. Households in Broadmeadow are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Broadmeadow work in a professional occupation. In 2011, 52% of the homes in Broadmeadow were owner-occupied compared with 54.1% in 2016.

Broadmeadow has 1,403 properties. Over the last 5 years, Houses in Broadmeadow have seen a 58.95% increase in median value, while Units have seen a 34.01% increase. As at 31 October 2024:

  • The median value for Houses in Broadmeadow is $1,080,364 while the median value for Units is $643,571.
  • Houses have a median rent of $585 while Units have a median rent of $595.
There are currently 9 properties listed for sale, and 3 properties listed for rent in Broadmeadow on OnTheHouse. According to CoreLogic's data, 56 properties were sold in the past 12 months in Broadmeadow.

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