OFF MARKET

22/1 Ken Tubman Drive
Maitland NSW 2320

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 22/1 Ken Tubman Dr, Maitland

22/1 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 January 2018.

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

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

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: $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

A timeline of how this property has performed in the market
Last Sold
$280,000
17 Jan 2018
  • 17 Jan 2018
    Sold for $280,000
  • 15 Nov 2017
    Listed for Sale Not Disclosed
  • 25 Mar 2013
    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 1,748 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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    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.