SOLD
Sold on 28 Feb 2024 for $2,250,000

321 Parkway Avenue
Hamilton East NSW 2303

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 321 Parkway Ave, Hamilton East

321 Parkway Ave, Hamilton East is a 1 bedroom, 1 bathroom House and was built in 1900. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom House sold in Hamilton East in the last 12 months.

Building Type
House
Year Built
1900
Local Government
Newcastle
Lot/Plan
1/DP784933

Last Listing description (February 2024)

Hamilton East - Two Houses Two Titles One Giant Income

CURRENT BID $1,408,888 - 8 QUALIFIED BIDDERS. The Openn Negotiation is underway (online auction with flexible terms for qualified buyers) and the property can sell as early as tomorrow. Contact Steve Dick on 0400 000 947 immediately to become qualified and avoid disappointment.

To be sold as one property these two residential houses are centrally joined to form one boarding house but could be easily split.

Situated just off Tudor Street in Hamilton East they are in a tremendously convenient location, close to schools, preschools, transport and shops. They could easily be two of the most convenient doer uppers going around. However, they are currently being used as a fully approved boarding house generating $142,740pa (Gross) with room to improve possibly up to $192,560pa (Gross) with some cosmetic improvements such as painting and new carpet.

This is a massive income when comparing to other residential investments. The current owner has retired and seeks a quieter life - thus she is selling this boarding house.

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Property History for 321 Parkway Ave, Hamilton East, NSW 2303

A timeline of how this property has performed in the market
Last Sold
$2,250,000
28 Feb 2024
  • 30 Jan 2024
    Listed for Sale CURRENT BID $1.408 M
  • 06 Dec 2014
    Listed for Rent $175 PER WEEK
  • 04 Mar 2014
    Listed for Rent LEASED - $150 PER WEEK
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About Hamilton East 2303

The size of Hamilton East is approximately 0.4 square kilometres. It has 2 parks covering nearly 1.3% of total area. The population of Hamilton East in 2011 was 901 people. By 2016 the population was 974 showing a population growth of 8.1% in the area during that time. The predominant age group in Hamilton East is 40-49 years. Households in Hamilton East are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Hamilton East work in a professional occupation. In 2011, 80.2% of the homes in Hamilton East were owner-occupied compared with 80.6% in 2016.

Hamilton East has 453 properties. Over the last 5 years, Houses in Hamilton East have seen a 64.45% increase in median value, while Units have seen a 15.99% increase. As at 30 November 2024:

  • The median value for Houses in Hamilton East is $1,528,801 while the median value for Units is $610,898.
  • Houses have a median rent of $738.
There are currently no properties listed for sale, and no properties listed for rent in Hamilton east on OnTheHouse. According to CoreLogic's data, 18 properties were sold in the past 12 months in Hamilton east.

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