16/1 Ken Tubman DriveMaitland NSW 2320
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. The property has a land size of 2256m2. While the property is not currently for sale or for rent, it was last sold in July 2019.
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
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
Property History for 16/1 Ken Tubman Dr, Maitland, NSW 2320
- 11 Jul 2019Sold for $290,000
- 23 May 2019Listed for Sale SOLD - $290,000
- 23 Nov 2012Sold 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 1,722 properties. Over the last 5 years, Houses in Maitland have seen a 60.07% increase in median value, while Units have seen a 66.13% increase. As at 31 October 2024:
- The median value for Houses in Maitland is $589,173 while the median value for Units is $482,660.
- Houses have a median rent of $515 while Units have a median rent of $500.
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