OFF MARKET

15 Church Street
Cessnock NSW 2325

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 105m2
Land area: 759m2
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Last updated 28 Oct 2024
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Property Details for 15 Church St, Cessnock

Building Type
Land
Year Built
1930
Floor Size
105m2
Land Size
759m2
Local Government
Cessnock
Lot/Plan
31/DP13297

Last Listing description (September 2019)

This three bedroom house is situated right on the doorstep to the towns, shopping centre and facilities nearby. This house provides a phenomenal $400 per week in rental return which makes it an amazing investment opportunity. The property has a separate granny flat located at the rear of the property which could be a perfect extra source of income which also returns $300 a week of its own.
Both the house & granny flat have recently been built from its foundations. This means everything has been completed with nothing to fix or update for the next couple of years. The finishes are spectacular with 40mm stone bench tops, floor to roof tiles in the bathroom and A/C with open plan living space. The quality of finishes are consistent through the granny flat as well.
The landscaping has also been completed in a manner that is easily maintainable and functional. Both properties have private space and separate living facilities.

This is a great investment opportunity returning well above 5% yield and for giving an easy living lifestyle.
Features:
- Perfectly situated on the doorstep of the Hunter Valley wineries and minutes to the shops
- Separate self-contained granny flat with floor area of 78 square metres
- High quality finishes with nothing to fix or update as both the main house and granny flat are recently built
- Close to 6% rental yield for both dwellings combined which makes it a perfect investment opportunity if desired

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Property History for 15 Church St, Cessnock, NSW 2325

A timeline of how this property has performed in the market
Last Sold
$730,000
17 Jun 2021
Listed for Rent
$370/w
27 Mar 2019
  • 17 Jun 2021
    Sold for $730,000
  • 13 Sep 2019
    Sold for $580,000
  • 09 Mar 2019
    Listed for Rent $370 / week
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About Cessnock 2325

The size of Cessnock is approximately 35.6 square kilometres. It has 19 parks covering nearly 10.7% of total area. The population of Cessnock in 2011 was 13,673 people. By 2016 the population was 15,163 showing a population growth of 10.9% in the area during that time. The predominant age group in Cessnock is 20-29 years. Households in Cessnock are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cessnock work in a trades occupation. In 2011, 61.5% of the homes in Cessnock were owner-occupied compared with 57.3% in 2016.

Cessnock has 8,043 properties. Over the last 5 years, Houses in Cessnock have seen a 71.53% increase in median value, while Units have seen a 59.10% increase. As at 30 September 2024:

  • The median value for Houses in Cessnock is $572,217 while the median value for Units is $444,525.
  • Houses have a median rent of $500 while Units have a median rent of $430.
There are currently 46 properties listed for sale, and 17 properties listed for rent in Cessnock on OnTheHouse. According to CoreLogic's data, 401 properties were sold in the past 12 months in Cessnock.

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