255 Maitland RoadCessnock NSW 2325
Property Details for 255 Maitland Rd, Cessnock
255 Maitland Rd, Cessnock is a 4 bedroom, 2 bathroom House with 3 parking spaces and was built in 1920. The property has a land size of 856m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom House sold in Cessnock in the last 12 months.
Last Listing description (October 2023)
255 MAITLAND ROAD & 25 DOWLAN LANE, CESSNOCK
MAIN HOUSE - Fronting Maitland Road
- Beautiful features with ornate ceilings, exposed brick work and stunning archways
- Modern galley style kitchen with separate dining space
- Clean and tidy bathroom with second toilet
- Lounge area with A/C
- Low maintenance, fully fenced yard space with garden shed and double carport
- Currently leased at $430/week with tenants in lease until January 2024
- Potential for rent growth with current market rent value $480/week
GRANNY FLAT - Fronting Dowlan Lane
- One bedroom
- Open plan kitchen, dining & living
- Comfortable bathroom with shower only
- Low maintenance yard space, single carport and garden shed
- Currently leased at $310/week with tenant in lease until March 2024
THE PACKAGE
- Total return of $740/week, immediate return on investment!
- Both tenants currently in lease until early 2024
- Total site size of 841m2
- Only 500m from the CBD of Cessnock, close to East Cessnock Bowling Club, East End Oval and Bridges Hill Park
- Potential to subdivide block STCA
PLEASE NOTE: Photos were taken of both properties prior to the current tenancies commencing
Property History for 255 Maitland Rd, Cessnock, NSW 2325
- 03 May 2024Sold for $690,000
- 22 Sep 2023Sold for $670,000
- 30 Jun 2023Listed for Sale Not Disclosed
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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 8,045 properties. Over the last 5 years, Houses in Cessnock have seen a 74.11% increase in median value, while Units have seen a 62.83% increase. As at 31 October 2024:
- The median value for Houses in Cessnock is $581,185 while the median value for Units is $454,491.
- Houses have a median rent of $500 while Units have a median rent of $438.
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