OFF MARKET

1 Teak Street
Gateshead NSW 2290

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Land area: 554m2
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Property Details for 1 Teak St, Gateshead

1 Teak St, Gateshead is a 4 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 554m2. While the property is not currently for sale or for rent, it was last sold in July 2021.

Building Type
House
Year Built
1950
Land Size
554m2
Local Government
Lake Macquarie
Lot/Plan
100/DP224692

Last Listing description (May 2023)

Positioned in a quiet cul-de-sac next door to parkland reserve, this 4 bedroom house is ready for you to add your own special touch. The open plan lounge/dining area adjoins the central functional kitchen. Located within 1km of Lake Macquarie Private Hospital, Hunter Sports High and major shopping centres. Redhead Beach and Lake Macquarie are located within 5km of the house. The land area is approximately 537sqm and almost level. Inspect today or you will miss out.

Zoning: R2 Low Density Residential
Land Area: 537sqm approx

Council: Lake Macquarie
Land Rates: $1803pa approx
Potential Rent: $390p/wk (as is) approx

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IMPORTANT INFORMATION ABOUT AUCTIONS - Auction day attendance may be limited to only those intending to register to bid and will be conducted outside of the dwelling. If you intend to bid and attend on-site we would ask that you please make arrangements to pre-register with us. Live ONLINE bidding is available by registering at https://auctionnow.com.au/properties/72357. Pre-registration is essential if you intend to bid online. If you intend to bid and attend on-site we would ask that you please make arrangements to pre-register with us.

We have obtained all information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

Property History for 1 Teak St, Gateshead, NSW 2290

A timeline of how this property has performed in the market
Last Sold
$542,000
17 Jul 2021
Listed for Rent
$530/w
04 Apr 2023
  • 29 Aug 2022
    Listed for Rent $530 / week
  • 09 Mar 2022
    Listed for Rent $500 / week
  • 17 Jul 2021
    Sold for $542,000
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About Gateshead 2290

The size of Gateshead is approximately 2.8 square kilometres. It has 10 parks covering nearly 20% of total area. The population of Gateshead in 2011 was 3,574 people. By 2016 the population was 3,135 showing a population decline of 12.3% in the area during that time. The predominant age group in Gateshead is 20-29 years. Households in Gateshead are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gateshead work in a labourer occupation. In 2011, 55.4% of the homes in Gateshead were owner-occupied compared with 53.1% in 2016.

Gateshead has 1,672 properties. Over the last 5 years, Houses in Gateshead have seen a 65.42% increase in median value, while Units have seen a 47.83% increase. As at 31 October 2024:

  • The median value for Houses in Gateshead is $830,351 while the median value for Units is $688,791.
  • Houses have a median rent of $565 while Units have a median rent of $300.
There are currently 3 properties listed for sale, and 5 properties listed for rent in Gateshead on OnTheHouse. According to CoreLogic's data, 117 properties were sold in the past 12 months in Gateshead.

Suburb Insights for Gateshead 2290

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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.