OFF MARKET

2/1 Ken Tubman Drive
Maitland NSW 2320

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 47m2
Land area: 2256m2
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Last updated 11 Nov 2024
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Property Details for 2/1 Ken Tubman Dr, Maitland

2/1 Ken Tubman Dr, Maitland is a 1 bedroom, 1 bathroom Unit and was built in 2012. The property has a land size of 2256m2 and floor size of 47m2. While the property is not currently for sale or for rent, it was last sold in March 2014.

Building Type
Unit
Year Built
2012
Floor Size
47m2
Land Size
2256m2
Local Government
Maitland
Lot/Plan
2/SP78493

Last Listing description (August 2022)

Conveniently located, this one-bedroom apartment is right in the heart of Maitland's vibrant business district, with shops, dining, entertainment and transport moments from the front door. A wonderful opportunity for investors to achieve a fixed rental return with rent increases of 4% each year with market reviews every 5 years (due 2027). New lease just signed with Quest for 3 x 5-year options.

$19,525 pa ($375 / week) March 2022 - April 2023 = 6.1% return on initial investment

$20,306 pa ($390 / week) March 2023 - April 2024 = 6.3% return
$21,118 pa ($406 / week) March 2024 - April 2025 = 6.5% return
$21,962 pa ($422 / week) March 2025 - April 2026 = 6.8% return
$22,481 pa ($439 / week) March 2026 - April 2027 = 7.1% return

- An easy stroll from Maitland High Street's many shops, eateries and amenities
- Just a 750m walk to Maitland Station, also close to bus routes that run along the High Street
- 500m walk to both Maitland Public School and St John the Baptist Primary School, 4km to Maitland Grossman High School
- Excellently presented and maintained one bedroom apartment, featuring neutral dcor and lots of natural light
- Open-plan living with contemporary kitchen, featuring dishwasher and electric cooking
- Light and airy bedroom with built-in robe
- Accessible bathroom featuring raised WC with grab rails, lowered sink, walk-in shower with shower chair, and integrated laundry
- Year-round comfort thanks to split-system AC in lounge
- Common secure car parking onsite
- Less than 10 minutes to Stockland Green Hills and the New Maitland Hospital, 35 minutes to Newcastle CBD

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Property History for 2/1 Ken Tubman Dr, Maitland, NSW 2320

A timeline of how this property has performed in the market
Last Sold
$250,000
11 Mar 2014
  • 29 Apr 2022
    Listed for Sale $295,000 - $315,000
  • 11 Mar 2014
    Sold for $250,000

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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.
There are currently 6 properties listed for sale, and 6 properties listed for rent in Maitland on OnTheHouse. According to CoreLogic's data, 86 properties were sold in the past 12 months in Maitland.

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