203 Maitland RoadMayfield NSW 2304
Property Details for 203 Maitland Rd, Mayfield
203 Maitland Rd, Mayfield is a 0 bedroom, 0 bathroom Unit. The property has a land size of 619m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in October 2021.
Last Listing description (September 2023)
An incredible investment opportunity like this does not come along every day. Get ready to take the reigns on this project and create something truly spectacular. This DA approved development site could be the chance you've been looking for to invest in a high return property with the chance to rent out multiple units at once.
This block has been preapproved for construction of a four level building that has eight 2 bedroom apartments and two 1 bedroom apartments. In the building plan there is covered parking with lift access and a rooftop courtyard (see floorplan for details). Set in an excellent location in Mayfield, just off the main street, this block is nearby to everything. Local shops, cafes and restaurants are just out the front door, making this a very desirable location for tenants.
You will have the chance to create a modern complex and maximize on your return. The savvy investor will know this is not one to pass up, make sure you don't miss your opportunity to become the owner of this rare block of apartments!
- Set in prime location in Mayfield
- DA approved
- Development site
- Zoned MU1 Mixed Use
- Approved build for 8x 2 bed apartments + 2x 1 bed apartments
- Parking downstairs with lift access
- Rooftop courtyard
- Great return opportunity
Property History for 203 Maitland Rd, Mayfield, NSW 2304
- 07 Jun 2023Listed for Sale Price Guide On Request
- 28 Oct 2021Sold for $1,771,000
- 11 Jul 1979Sold for $233,500
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About Mayfield 2304
The size of Mayfield is approximately 3.2 square kilometres. It has 18 parks covering nearly 6.9% of total area. The population of Mayfield in 2011 was 9,070 people. By 2016 the population was 9,301 showing a population growth of 2.5% in the area during that time. The predominant age group in Mayfield is 20-29 years. Households in Mayfield are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mayfield work in a professional occupation. In 2011, 58.3% of the homes in Mayfield were owner-occupied compared with 55% in 2016.
Mayfield has 5,144 properties. Over the last 5 years, Houses in Mayfield have seen a 67.99% increase in median value, while Units have seen a 51.36% increase. As at 31 October 2024:
- The median value for Houses in Mayfield is $886,724 while the median value for Units is $637,875.
- Houses have a median rent of $620 while Units have a median rent of $480.
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