18 Cumberland StreetCessnock NSW 2325
Property Details for 18 Cumberland St, Cessnock
18 Cumberland St, Cessnock is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1920. The property has a land size of 818m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in March 2021.
Last Listing description (February 2022)
18 Cumberland Street is an entry level investment needing renovation of 2 flats which is the perfect opportunity to bring to its full potential. The property features a combined total possible rent return of $525 per week which is made up of the 2 flats. These flats are situated on a 809sqm block and conveniently within a 80m walk to Cessnock CBD and is close to public transport, shopping centres and sports facilities, making this the perfect location for this style of investment. Zoning B4 Mixed use - Business/Commercial Zoning
Both flats are currently tenanted with another local agent
Flat 2 - Features 2 bedrooms, kitchen, two living areas and a bathroom. Currently returning $250
Both flats share a double carport with street parking also available
- Council Rates $655pq - Water Rates $317.24 pq
If you are looking for an investment opportunity, 18 Cumberland Street will be the end to your property search! Make your first investment or even bring this house up to its true potential with some tender loving care. So close to City Centre and in the heart of the Hunter Valley. Please contact our office for more details 02 4050 6000
Property History for 18 Cumberland St, Cessnock, NSW 2325
- 17 Feb 2022Listed for Sale Sold
- 10 Aug 2021Listed for Sale Sold
- 19 Mar 2021Sold for $395,000
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0About 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 8,081 properties. Over the last 5 years, Houses in Cessnock have seen a 71.40% increase in median value, while Units have seen a 58.69% increase. As at 31 August 2024:
- The median value for Houses in Cessnock is $572,697 while the median value for Units is $440,045.
- Houses have a median rent of $500 while Units have a median rent of $420.
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