OFF MARKET

16/1 Ken Tubman Drive
Maitland NSW 2320

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Last updated 1 Jul 2024
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Property Details for 16/1 Ken Tubman Dr, Maitland

16/1 Ken Tubman Dr, Maitland is a 1 bedroom, 1 bathroom Unit and was built in 2012. While the property is not currently for sale or for rent, it was last sold in July 2019.

Building Type
Unit
Year Built
2012
Local Government
Maitland
Lot/Plan
16/SP78493

Last Listing description (July 2019)

**INVESTORS ONLY**
Located 35 Km from Newcastle, and 2 hours by road from Sydney, Maitland is one of the oldest heritage rich, regional centres in Australia.
With an increasing number of Sydney and international companies

moving to the Maitland district, the region is growing rapidly.
Its proximity to the airport, vineyards, historical centres of the Hunter Valley & Newcastle gives Maitland strong tourism appeal.

Lease Details:
Current Rent:$426 per week ($22,198per annum)
Current Return:7.52% Gross / Net 6.6%
Increases as follows:
March 2020- $23,086- 7.83% gross
March 2021- $24,009 - 8.14% gross
March 2022- Market Review
Lease Terms:Lease to 21/03/2022plus 5x 5 Year options
Rent Increases:4% yearly with market rent reviews every 5 years (next due 2022)

Approximate Owner Outgoings:
Council Rates:$537 per annum
Water Rates:$1146 per annum
Body Corporate Administration fee:Paid by tenant
Body Corporate Sinking fund:$1039 per annum

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Property History for 16/1 Ken Tubman Dr, Maitland, NSW 2320

A timeline of how this property has performed in the market
Last Sold
$290,000
11 Jul 2019
  • 11 Jul 2019
    Sold for $290,000
  • 23 May 2019
    Listed for Sale SOLD - $290,000
  • 23 Nov 2012
    Sold for $265,000

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About Maitland 2320

The size of Maitland is approximately 5.5 square kilometres. It has 7 parks covering nearly 13.4% of total area. The population of Maitland in 2011 was 1,833 people. By 2016 the population was 1,857 showing a population growth of 1.3% in the area during that time. The predominant age group in Maitland is 40-49 years. Households in Maitland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Maitland work in a professional occupation. In 2011, 60% of the homes in Maitland were owner-occupied compared with 58.3% in 2016.

Maitland has 1,748 properties.

    There are currently 11 properties listed for sale, and 4 properties listed for rent in Maitland on OnTheHouse. According to CoreLogic's data, 75 properties were sold in the past 12 months in Maitland.

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