SOLD
Sold on 14 Dec 2023 for $1,100,000

40 Ada Street
Cardiff NSW 2285

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3081m2
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Property Details for 40 Ada St, Cardiff

Building Type
Commercial
Land Size
3081m2
Local Government
Lake Macquarie
Lot/Plan
232/DP1238798

Last Listing description (September 2023)

The subject property comprises a strategic infill site currently operating as a tennis court. The current improvements include four full size synthetic grass tennis courts, a recently resurfaced car parking area including 10 spaces and a 147 square metre* single level building.

The site is accessed off Ada Street and adjoins a large residentially zoned site as well as a recently complete childcare centre and an ATUNE Health care centre. Zoned RE2 Private Recreation under the Lake Macquarie LEP the 3,081 square metre* site is a unique opportunity to redevelop (STCA) or occupy and operate the site in its current form.

For Sale by Expressions of Interest closing Thursday 19 October 2023 at 4:00pm (AEDT).

*Approximate.

Property History for 40 Ada St, Cardiff, NSW 2285

A timeline of how this property has performed in the market
Last Sold
$1,100,000
14 Dec 2023
  • 14 Dec 2023
    Sold for $1,100,000
  • 22 Sep 2023
    Listed for Sale Please contact agent
  • 23 Oct 2020
    Sold for $1

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About Cardiff 2285

The size of Cardiff is approximately 5.2 square kilometres. It has 19 parks covering nearly 10.7% of total area. The population of Cardiff in 2011 was 5,778 people. By 2016 the population was 5,824 showing a population growth of 0.8% in the area during that time. The predominant age group in Cardiff is 30-39 years. Households in Cardiff are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cardiff work in a professional occupation. In 2011, 74% of the homes in Cardiff were owner-occupied compared with 71.4% in 2016.

Cardiff has 3,803 properties. Over the last 5 years, Houses in Cardiff have seen a 71.02% increase in median value, while Units have seen a 43.62% increase. As at 31 July 2024:

  • The median value for Houses in Cardiff is $787,921 while the median value for Units is $598,345.
  • Houses have a median rent of $550 while Units have a median rent of $505.
There are currently 18 properties listed for sale, and 7 properties listed for rent in Cardiff on OnTheHouse. According to CoreLogic's data, 162 properties were sold in the past 12 months in Cardiff.

Suburb Insights for Cardiff 2285

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.