SOLD
Sold on 01 Jul 2024 for $950,000

8 Mallee Street
Gateshead NSW 2290

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 99m2
Land area: 601m2
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Property Details for 8 Mallee St, Gateshead

8 Mallee St, Gateshead is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1965. The property has a land size of 601m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 4 bedroom House sold in Gateshead in the last 12 months.

Building Type
House
Year Built
1965
Floor Size
99m2
Land Size
601m2
Local Government
Lake Macquarie
Lot/Plan
385/DP224374

Last Listing description (September 2024)

Large block boasting tidy four bedroom home at the front offering separate living and dining rooms, modern kitchen with electric cooktop, large main bedroom with mirrored built in robe, polished floorboards throughout, air conditioning, ceiling fans, internal laundry and access to covered side verandah. Fully fenced grassed front yard with off street parking for one vehicle.

At the rear of this property you will also find a brand new granny flat boasting open plan living, floating floorboards throughout, split system air conditioning and plenty of natural light. The kitchen offers all of the spoils of modern day living including stainless steel appliances and dishwasher. Both bedrooms are carpeted and feature built in wardrobes and ceiling fans. The combined laundry/bathroom is generous in size with ultra modern finishings. The property is fully fenced and features plenty of privacy, while also offering an abundance of grassed areas and a huge double carport.

Offering a combined weekly income of $1,150.00 this is a sensational opportunity for savvy investors, owner occupiers who wish to live in one and rent out the other and those wanting to secure property for self managed super funds.

Ideally located between the lake and the coast and surrounded by an endless list of lifestyle attractions, this convenient location is hard to beat. Situated less than 2km from Charlestown Square, giving you easy access to cafes, clubs, restaurants, shopping, and cinemas. Jump in the car and be in Kotara Westfield in under 10 minutes, Warners Bay on the shores of beautiful Lake Macquarie is just 5km away, and Newcastle city centre is an easy 15-minute commute.

Property History for 8 Mallee St, Gateshead, NSW 2290

A timeline of how this property has performed in the market
Last Sold
$950,000
01 Jul 2024
Listed for Rent
$600/w
24 Aug 2023
  • 01 Jul 2024
    Sold for $950,000
  • 26 Jun 2024
    Listed for Sale $950,000
  • 15 Aug 2023
    Listed for Rent $600 / week
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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 1,677 properties. Over the last 5 years, Houses in Gateshead have seen a 64.91% increase in median value, while Units have seen a 55.14% increase. As at 30 November 2024:

  • The median value for Houses in Gateshead is $837,278 while the median value for Units is $702,332.
  • Houses have a median rent of $570 while Units have a median rent of $300.
There are currently 4 properties listed for sale, and 2 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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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.