SOLD
Sold on 11 Mar 2024 for $318,500

7 Natures Way
Cessnock NSW 2325

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Floor area: 133m2
Land area: 463m2
Sold By
Meridien Group
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Property Details for 7 Natures Way, Cessnock

7 Natures Way, Cessnock is a 3 bedroom, 3 bathroom House with 2 parking spaces and was built in 2024. The property has a land size of 463m2 and floor size of 133m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Cessnock in the last 12 months.

Building Type
House
Year Built
2024
Floor Size
133m2
Land Size
463m2
Local Government
Cessnock
Lot/Plan
100/DP1278492

Last Listing description (August 2024)

Investors Note

Invest in a high demand SDA location and achieve more with up to 16.6% gross yield and TPI of $182k.

SDA providers are calling out for more new homes in NSW.

What is SDA?

Specialist Disability Housing is housing that has been specially designed to suit the needs of people with a disability who have an 'extreme functional impairment' or 'very high support needs'. The specialised features of an SDA property are intended to support the resident(s) to live as independently as possible and in so doing reduce their lifetime support costs.

Specialist Disability Housing offers investors a very high yielding asset. For more information get in contact with us today.

Location

This Titled and ready to build SDA-NDIS House and Land package is ideally positioned in the picturesque region of the Hunter Valley. Christy's Creek is a 109-lot estate situated near the centre of Cessnock, offering the perfect blend of tranquillity and convenience.

Christys Creek is in close proximity to schools, parks and playgrounds, National Parks, world renowned wineries, libraries, sporting facilities, Hunter Valley Zoo, Cessnock entertainment centre and many other amenities within walking distance from the Estate.

The proximity to Cessnock Showground and multiple recreational hotspots guarantees a lifestyle brimming with activity, while a venture into the heart of Cessnock, is only a mere 10-minute drive away, offering a myriad of cafes, local shops, and essential supermarkets.

What's Nearby

- 850 m from Mount View High school
- 2 km from Cessnock golf club
- 4.2 km from the Cessnock CBD with ALDI, Coles and Woolworths
- 8 km from Cessnock Hospital
- 21 km from Kurri Kurri Hospital
- 5.6 km from Optimum Health Solutions Cessnock
- 30.8 km the Maitland CBD
- 35.4 km Stockland Green Hills
- 58 km from the Newcastle CBD

About the Property

- House and land package - 2-part land and build contracts
- Land area: 463m2
- Build area: 225m2
- Title land | Ready to start building now!
- High Physical Support SDA | 3.3.2.2 | 2P + OOA
- Full turnkey
- Fast build times
- Total support throughout the build and tenanting process!

Demand

The data confirms what the SDA providers are telling us. They need more new SDA homes in NSW.

Participants with SDA funding in use: 43
Participants with SDA funding, SDA not in use: 23
Participants with SDA funding: 66
Additional Participants eligible for SDA: 0
Total Participants with SDA funding or a SDA need: 66

The Key Numbers

As of July 2023, the SDA pricing was increased, this includes High Physical Support, Improved Liveability, Fully Accessible, and Robust. For an in-depth explanation of the new pricing, talk to our sales team.

High Physical Support

SDA Income - $79,546 per participant
MRRC - $11,842 per participant
Location Factor - 0.89
Potential Total Income | $182,776
Potential Yield - 16.6%

Improved Liveability

SDA Income - $66,690 per participant
MRRC - $11,842 per participant
Location Factor - 0.89
Potential Total Income | $157,064
Potential Yield - 14.3%

*Please note that these numbers are based on 2 participants only. Pricing is current as at March 2023 and is as per published SDA schedules.

Ready to get started?

Get in touch to discuss the buying terms...

- $5,000 deposit with Expression of Interest.
- 5% of land price due at contract signing.
- Balance due at Settlement.

Make your move soon though as this is going to sell quickly.

Disclaimer

We have in preparing this information used our best endeavours to ensure the information that has been provided is true and accurate. The images and renders provided in this listing by the builder are for illustrative purposes only. They may contain fixtures, furniture or finishing not available for this design. Clients need to refer to the building contract for specific details on specifications and inclusions specific to any property. Specifications and inclusions are subject to change over time. Meridien Group does not accept any responsibility for variations to specifications ad inclusions made by the builder. Financial information is an estimate only and is not warranted or guaranteed. Refer to investment reports for specific details.

Property History for 7 Natures Way, Cessnock, NSW 2325

A timeline of how this property has performed in the market
Last Sold
$318,500
11 Mar 2024
  • 19 May 2024
    Listed for Sale NDIS Turnkey | $1,098K
  • 11 Mar 2024
    Sold for $318,500
  • 04 Feb 2024
    Listed for Sale Not Disclosed
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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 8,100 properties. Over the last 5 years, Houses in Cessnock have seen a 74.72% increase in median value, while Units have seen a 62.66% increase. As at 30 November 2024:

  • The median value for Houses in Cessnock is $587,081 while the median value for Units is $452,667.
  • Houses have a median rent of $500 while Units have a median rent of $440.
There are currently 40 properties listed for sale, and 14 properties listed for rent in Cessnock on OnTheHouse. According to CoreLogic's data, 397 properties were sold in the past 12 months in Cessnock.

Suburb Insights for Cessnock 2325

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.