22/1 Ken Tubman DriveMaitland NSW 2320
Property Details for 22/1 Ken Tubman Dr, Maitland
22/1 Ken Tubman Dr, Maitland is a 1 bedroom, 1 bathroom Unit with 1 parking spaces 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 January 2018.
Last Listing description (February 2018)
**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: $374 per week ($19,449 per annum)
Next Rent Increase: 22/03/2018
Current Return: 6.95% Gross / 6.14% Net
Increasing Rent:
22/03/2018 - $20,226 - 7.22%
22/03/2019 - $21,036 - 7.51%
22/03/2020 - $21,877 - 7.81%
22/03/2021 - $22,752 - 8.13%
Lease Terms: Lease to 21/03/2022 plus 5 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2022)
Approximate Owner Outgoings:
Council Rates: $455 per annum approx
Water Rates: $869 per annum approx
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $931 per annum approx
Property History for 22/1 Ken Tubman Dr, Maitland, NSW 2320
- 17 Jan 2018Sold for $280,000
- 15 Nov 2017Listed for Sale Not Disclosed
- 25 Mar 2013Sold 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.
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