79 Wollombi Rd, Cessnock is a 2 bedroom, 1 bathroom House and was built in 1940. The property has a land size of 796m2 and floor size of 118m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
This large 2 bedroom home is conveniently located less than 2 km to the Cessnock CBD and zoned R3 Medium Density Residential. Currently tenanted at $400 per week to long term tenants, it would make an ideal addition to any property portfolio. The land size is 809 sqm with easy access to the rear yard making it suitable for a 'granny flat' addition to maximise your investment return.
Internally, the home boasts 2 spacious bedrooms, an enclosed verandah (used as a 3rd bedroom), loungeroom, dining area off the kitchen, bathroom and laundry.
Great first home or investment opportunity.
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 8,080 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:
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