55 Mount View Rd, Cessnock is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1930. The property has a land size of 536m2 and floor size of 90m2. While the property is not currently for sale or for rent, it was last sold in December 2020.
It's affordable, it has loads of potential and it's a corner block. These words say volumes about this great property. An original weatherboard, this home has some lovely original features, such as high ceilings, large bedrooms and ornate plasterwork, which are real assets to what would be a beautiful home if renovation is part of your value add plan. Dual income properties are now a common source of increasing the return on your residential investment, and this corner block would provide an easy opportunity to position a granny flat with its own street frontage as opposed to a battle axe.Affordable to most, this property can be a first home, would be perfect to get you out of the rent cycle, especially with current interest rates so low and can be a first or additional investment property.Close to town, walk to Primary and High Schools. Loads of opportunity at a price that will suit most budgets.
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:
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