OFF MARKET

12 Minmi Road
Edgeworth NSW 2285

Bedrooms: 2
Bathrooms: 1
Car spaces: 5
Floor area: 446m2
Land area: 1361m2
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Property Details for 12 Minmi Rd, Edgeworth

12 Minmi Rd, Edgeworth is a 2 bedroom, 1 bathroom Unit with 5 parking spaces and was built in 2000. The property has a land size of 1361m2 and floor size of 446m2. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
Unit
Year Built
2000
Floor Size
446m2
Land Size
1361m2
Local Government
Lake Macquarie
Lot/Plan
4/DP5268

Last Listing description (July 2023)

* TENDER - CLOSES MONDAY 5TH JUNE AT 3PM UNLESS SOLD PRIOR
* Rare and unique investment opportunity in the heart of Edgeworth
* 5 x 2 bedroom units all sold on one lot with 5 current tenants in lease

* 1,361sqm block zoned R (3) sitting within 300m walk of Edgeworth CBD
* All units are 2 bedroom, 1 bathroom, single garages with internal access
* Some units have bigger courtyards than others, air conditioning
* Current gross return of almost $93,000 (with confirmation of guaranteed rent increases at lease end)
* Great long term investment for all investors
* Floor plans available on request
* Call for inspection times

A one off investment opportunity in the heart of one of Lake Macquarie's fastest growing and most central suburbs. Located within approximately 5 minutes of the freeway and with easy access straight into Newcastle, this site offers 5 brick and tile units on a torrens title block all to be sold as one.

All 5 of the units have current tenants in lease, once the leases are finished the rents will be increased to current market rent increasing the return significantly and making this an even better investment.

Perfect for long term investors or Self Managed Super Funds, all tenants have been in the properties for 10 years or more and the properties are in good condition. For more information or to confirm inspection times, call today.

From all of us at Ray White Toronto/Lake Macquarie, we wish you every success in the search for your next property. If you would like more detail on this or to chat about one of the many other properties we have available please call or email us today..

DISCLAIMER: We have in preparing this document used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this document

Property History for 12 Minmi Rd, Edgeworth, NSW 2285

A timeline of how this property has performed in the market
Last Sold
$1,665,000
03 Jul 2023
  • 03 Jul 2023
    Sold for $1,665,000
  • 08 May 2023
    Listed for Sale Tender
  • 15 Jul 1998
    Sold for $100,000
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About Edgeworth 2285

The size of Edgeworth is approximately 7 square kilometres. It has 13 parks covering nearly 11.6% of total area. The population of Edgeworth in 2011 was 6,251 people. By 2016 the population was 6,191 showing a population decline of 1.0% in the area during that time. The predominant age group in Edgeworth is 0-9 years. Households in Edgeworth are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Edgeworth work in a trades occupation. In 2011, 72.5% of the homes in Edgeworth were owner-occupied compared with 70.3% in 2016.

Edgeworth has 3,723 properties. Over the last 5 years, Houses in Edgeworth have seen a 58.80% increase in median value, while Units have seen a 62.01% increase. As at 31 October 2024:

  • The median value for Houses in Edgeworth is $716,360 while the median value for Units is $533,294.
  • Houses have a median rent of $610 while Units have a median rent of $525.
There are currently 51 properties listed for sale, and 9 properties listed for rent in Edgeworth on OnTheHouse. According to CoreLogic's data, 201 properties were sold in the past 12 months in Edgeworth.

Suburb Insights for Edgeworth 2285

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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.