253 Maitland RoadCessnock NSW 2325
Property Details for 253 Maitland Rd, Cessnock
253 Maitland Rd, Cessnock is a 6 bedroom, 3 bathroom House with 3 parking spaces and was built in 1940. The property has a land size of 897m2 and floor size of 50m2. While the property is not currently for sale or for rent, it was last sold in October 2023. There are other 6 bedroom House sold in Cessnock in the last 12 months.
Last Listing description (August 2022)
Are you looking for a great investment opportunity? Well this rare opportunity offers not one, not two but four total income streams from one property. The property features a combined total possible rent return of $725 per week which is made up of three separate units and a storage shed - 3 of which are currently tenanted.
These flats are situated on a R3 medium density large 899sqm block corner block and conveniently located just minutes from the CBD, making this the perfect location for this style of investment. An opportunity such as this does not come around often and will not last long.
Flat 1
Features 2 bedrooms, good sized lounge room that opens onto the shared veranda, functional kitchen and bathroom. Returning $210 per week.
Flat 2
Features 2 good sized bedrooms, neat and tidy kitchen and bathroom with 2 verandas. Currently vacant with possible return of $220 per week.
Flat 3
Features 2 good sized bedrooms, large lounge room, separate dining room, nice timber kitchen and a tidy bathroom. Returning $220 per week.
Storage shed
Double sized garage currently rented as storage shed. Returning $75 per week.
2017/18 Financial Year Returns
- Gross = $29,533.03
- Outgoings = $9,369.07
- Net = $20163.96
T&Cs Apply
(Please note the above gross and net return figures are based on the 2017/18 financial year. Every effort has been taken to ensure their accuracy. Funding cost or other associate owner cost (such as land tax) have not been taken into account when calculating these figures.)
To find out more about this exciting opportunity, contact Bryce Gibson on 0422 227 668 or Mellissa on 02 4050 6000.
Property History for 253 Maitland Rd, Cessnock, NSW 2325
- 19 Oct 2023Sold for $685,000
- 01 Apr 2021Sold
- 01 May 2020Sold for $350,000
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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 8,074 properties.
Suburb Insights for Cessnock 2325
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