OFF MARKET

26/1 Ken Tubman Drive
Maitland NSW 2320

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 2256m2
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Last updated 11 Nov 2024
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Property Details for 26/1 Ken Tubman Dr, Maitland

26/1 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 March 2021.

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

Last Listing description (July 2024)

Located in The Quest Apartments, this one bedroom apartment is the perfect investment property. The Quest is iconic to Maitland and is one of the most popular hubs for visitors to Maitland and the Hunter Valley.

This particular property offers an attractive return of $21,878 pa (or $1,823 per month). The lease agreement is in place with The Quest until 21th March, 2022 with 3 x 5 year options to renew. The rental income has a CPI increase of 4% per annum and the property is boosted by the fact that you as the owner only pay minimal outgoings. You are responsible for the body corporate fees, water rates and council rates. The tenant (The Quest) pays for the admin fees, electricity and gas. This gives you a potential yield of just over 7.5%.

Filled with light throughout, the large bedroom opens out onto its own private balcony. The kitchen is fully equipped with a electric cooktop, electric oven and ample storage throughout.

- CPI increase on rental income of 4% annually.
- Lease expires 21/03/2022.
- 3 x 5 year options available to the tenant.
- Minimal outgoings payable by the owner.
- Consistent rental income.

Outgoings payable by owner:
- Strata Levies: Approx. $867 p/a.
- Council Rates: Approx. $464 p/a.
- Water Rates: Approx. $750 p/a.

Disclaimer: Whilst every care is taken in the preparation of the information contained in this marketing, Century 21 Novocastrian will not be held liable for any errors in typing or information. All interested parties should rely upon their own enquiries in order to determine whether or not this information is in fact accurate. Photos have been edited for marketing.

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Property History for 26/1 Ken Tubman Dr, Maitland, NSW 2320

A timeline of how this property has performed in the market
Last Sold
$319,000
01 Mar 2021
  • 22 Apr 2024
    Sold
  • 01 Mar 2021
    Sold for $319,000
  • 17 Feb 2021
    Listed for Sale UNDER CONTRACT/OFFER
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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 1,721 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 3 properties listed for rent in Maitland on OnTheHouse. According to CoreLogic's data, 87 properties were sold in the past 12 months in Maitland.

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