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Sold on 27 Sep 2023 for $950,000

44 Milson Street
Charlestown NSW 2290

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 569m2
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Property Details for 44 Milson St, Charlestown

44 Milson St, Charlestown is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 569m2. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 5 bedroom House sold in Charlestown in the last 12 months.

Building Type
House
Land Size
569m2
Local Government
Lake Macquarie
Lot/Plan
4/DP25638

Last Listing description (September 2023)

A highly versatile real estate prospect, this dual occupancy money-making machine is ready to deliver an instant return with happy tenants already in place and a combined weekly return of $1000. Serving up two homes under one roof, it also provides an excellent springboard for first-home buyers who could live in one and rent the other, or families wanting to house elderly parents or adult children nearby. Another option could be to return the home back into a large family retreat (there's already a pool), or knock it down and rebuild with R3 Medium density zoning. Well presented throughout, this lucrative opportunity is located for day-to-day convenience with Charlestown Square and Charlestown CBD an easy walk away.

- Two ready-to-enjoy homes sitting on one title, a great prospect for investors
- One dwelling is 3-bedrooms/1-bathroom, the other 2-bedrooms/1-bathroom

- Both homes are occupied with happy tenants wanting to stay
- Neat kitchens and bathrooms plus s/s air-conditioning in each home
- Generously sized living areas, built-in wardrobes, separate laundry facilities
- Large alfresco deck overlooking a pool, single garage plus carport
- Easy to maintain indoors and out, opportunity to live in one and rent the other
- Walk to dining options for an easy weeknight meal, city-bound transport nearby
- Close to schools, playgrounds, medical centres and excellent shopping
- A 15-minute drive into the heart of Newcastle, 10 minutes to sandy beaches

Council Rates: $2144 PA approx
Water Rates: $756 + usage PA approx
Rental Appraisal: $1,000 PW

Whilst Lisa Macklin Property has taken all care preparing this advertisement and the information contained has been obtained from sources that we believe to be reliable, Lisa Macklin Property does not represent, warrant, or guarantee the accuracy, adequacy, or completeness of the information. Lisa Macklin Property accepts no liability for any loss or damage resulting from reliance on this information and interested parties should make their own independent investigations

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Property History for 44 Milson St, Charlestown, NSW 2290

A timeline of how this property has performed in the market
Last Sold
$950,000
27 Sep 2023
Listed for Rent
$550/w
08 Aug 2022
  • 19 Sep 2023
    Sold for $950,000
  • 09 Aug 2023
    Listed for Sale Not Disclosed
  • 19 May 2022
    Sold for $835,000
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About Charlestown 2290

The size of Charlestown is approximately 7.1 square kilometres. It has 39 parks covering nearly 13.4% of total area. The population of Charlestown in 2011 was 12,411 people. By 2016 the population was 12,918 showing a population growth of 4.1% in the area during that time. The predominant age group in Charlestown is 30-39 years. Households in Charlestown are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Charlestown work in a professional occupation. In 2011, 73.7% of the homes in Charlestown were owner-occupied compared with 72.6% in 2016.

Charlestown has 6,777 properties. Over the last 5 years, Houses in Charlestown have seen a 71.55% increase in median value, while Units have seen a 51.39% increase. As at 31 July 2024:

  • The median value for Houses in Charlestown is $922,523 while the median value for Units is $635,257.
  • Houses have a median rent of $600 while Units have a median rent of $520.
There are currently 26 properties listed for sale, and 14 properties listed for rent in Charlestown on OnTheHouse. According to CoreLogic's data, 321 properties were sold in the past 12 months in Charlestown.

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