4/1 Ken Tubman DriveMaitland NSW 2320
Property Details for 4/1 Ken Tubman Dr, Maitland
4/1 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 88m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 1 bedroom Unit sold in Maitland in the last 12 months.
Last Listing description (April 2024)
Quest Maitland is situated 38 mins from Newcastle Airport and an easy commute to Newcastle's business precincts. Located at the gateway to the Hunter Valley and conveniently positioned in Maitland CBD it is only a short stroll to Maitland main shopping, eating and business precinct, as well as the art gallery and cinema.
A region with a rich history and emerging food scene it boasts a thriving event filled calendar.
The beautiful city makes for a scenic weekend escape or hub for many major businesses within close proximity to Newcastle Airport.
Under long term lease with Quest Apartment Hotels-
Lease Details:
Current Rent: $406 per week - $21,117 pa
Current Return: 7.06 % Gross / 6.39% NET
Increases as follows:
March 2025 + 4% = $21,961 pa= 7.03% gross
March 2026 + 4% = $ 22,840 pa 7.31% gross
Lease Terms: Lease to 21/03/2027 plus 3 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2027)
This spacious apartment with natural light features 1 bedroom, 1 bathroom, large open living room and open plan kitchen. The bathroom was also upgraded in 2023.
With a sizeable floor area of approximate 55m2, it's a neat investment in the heart of town.
It is also only a short stroll to the main levee precinct, shopping centre, restaurants, art galleries, and main tourist attractions.
*** PLEASE NOTE***
In accordance with the lease this property will be due for carpet upgrades in the next 1-5 years
*Approximate Owner Outgoings:
**Council Rates: $365 per annum
**Water Rates: $700 per annum
**Body Corporate Administration fee:Paid by tenant
**Body Corporate Sinking fund:$950 per annum
* All figures are approximate*. **Net returns do not include government taxes and scheduled capital works per the lease**
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Property History for 4/1 Ken Tubman Dr, Maitland, NSW 2320
- 09 Sep 2024Sold for $285,000
- 18 Apr 2024Listed for Sale Not Disclosed
- 21 Feb 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 1,721 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.
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