SOLD
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Sold on 23 Jul 2024 for $915,000

16 Mornington Circuit
Gwandalan NSW 2259

Bedrooms: 6
Bathrooms: 3
Car spaces: 2
Land area: 479.2m2
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Property Details for 16 Mornington Cct, Gwandalan

16 Mornington Cct, Gwandalan is a 6 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 479.2m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 6 bedroom House sold in Gwandalan in the last 12 months.

Building Type
House
Land Size
479.2m2

Last Listing description (July 2024)

Seize the opportunity to own a remarkable dual occupancy property, constructed in 2016, located in a prime position just a short stroll or drive from the serene Lake Macquarie. Situated on a 479sqm block on the high side of the street, this investment comprises two tenanted residences: a spacious 4-bedroom, 2-bathroom home with a garage, and a cozy 2-bedroom, 1-bathroom, also with its own garage. Both properties are currently leased, offering immediate rental income in a sought-after location known for its lifestyle and convenience.

Enjoy the ease of being moments away from essential amenities, including shops, supermarkets, transport links, a local club, pristine beaches, and easy access to the M1 Motorway. This dual property not only promises a steady investment return but also positions you in the heart of one of the area's most desirable locales, perfect for tenants seeking both tranquillity and accessibility. Separate electricity and has a separate water flow meter, NBN & Gas.

- Dual occupancy investment on a 479sqm elevated block

- Front property: 4 bedrooms, 2 bathrooms, 1 garage
- Rear property: 2 bedrooms, 1 bathroom, 1 garage
- Both units currently leased, Front $560 p/w, Lease expires 08/01/2025, Rear $380 p/w, Lease expires 13/11/2024
- Built in 2016, offering modern living spaces, Split system air conditioning in both properties for comfort
- Internal laundry facilities in each unit for convenience, Open plan living in both
- Private courtyards with large water tanks in both properties
- Close proximity to shops, supermarket, local transport options, Club, beaches and a swift M1 Motorway access

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Property History for 16 Mornington Cct, Gwandalan, NSW 2259

A timeline of how this property has performed in the market
Last Sold
$915,000
23 Jul 2024
Listed for Rent
$460/w
23 Oct 2024
  • 11 Oct 2024
    Listed for Rent $460 / week
  • 23 Jul 2024
    Sold for $915,000
  • 04 Apr 2024
    Listed for Sale $915,000
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About Gwandalan 2259

The size of Gwandalan is approximately 3.2 square kilometres. It has 6 parks covering nearly 11% of total area. The population of Gwandalan in 2011 was 3,034 people. By 2016 the population was 3,268 showing a population growth of 7.7% in the area during that time. The predominant age group in Gwandalan is 60-69 years. Households in Gwandalan are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Gwandalan work in a trades occupation. In 2011, 75.2% of the homes in Gwandalan were owner-occupied compared with 78.3% in 2016.

Gwandalan has 1,863 properties. Over the last 5 years, Houses in Gwandalan have seen a 61.12% increase in median value, while Units have seen a 50.07% increase. As at 30 November 2024:

  • The median value for Houses in Gwandalan is $791,455 while the median value for Units is $580,063.
  • Houses have a median rent of $590.
There are currently 22 properties listed for sale, and 3 properties listed for rent in Gwandalan on OnTheHouse. According to CoreLogic's data, 84 properties were sold in the past 12 months in Gwandalan.

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