OFF MARKET

49 Hanbury Street
Mayfield NSW 2304

Bedrooms: 7
Bathrooms: 2
Car spaces: -
Floor area: 322m2
Land area: 769m2
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Property Details for 49 Hanbury St, Mayfield

49 Hanbury St, Mayfield is a 7 bedroom, 2 bathroom House and was built in 1950. The property has a land size of 769m2 and floor size of 322m2. While the property is not currently for sale or for rent, it was last sold in May 2019.

Building Type
House
Year Built
1950
Floor Size
322m2
Land Size
769m2
Local Government
Newcastle
Lot/Plan
6/DP7468

Last Listing description (September 2024)

Rarely do you find over 1600m2 of flat land, with two existing properties, zoned R4 High Density Residential in a renewal corridor offered for sale in Newcastle.

Offered for sale in one line, separately titled 49-53 Hanbury St present an excellent opportunity to fulfil the objectives of the The Renewal Corridors Development Control Plan (DCP), with these sites in an area where apartment development is encouraged.

With a potential build height of 20m and a floor space ratio of 2:1 there are multiple options available for this unique offering. Some of the available options, subject to council approval (STCA) may be:

- Apartment block development (potential for up to 32 units)
- Townhouse development (potential for up to 12 x 3 story townhouses)
- Multi-level retirement village
- Commercial premises development

The existing properties have the capacity to produce impressive rental income, with the details of each property below.

49 Hanbury St
A 7 bedroom property that is approved for use as a disability residential home, and would also be ideal for student accommodation. All bedrooms are large, there are multiple living areas, full kitchen, plus separate kitchenette and ducted air conditioning. This property has the potential to return considerable rental income during any development approval phase.

53 Hanbury St
A period home with 4-5 bedrooms and many beautiful period features on a large block and garaging for four cars. This property has the potential to return considerable rental income during any development approval phase.

These sites are ideally located being only 200m from the Mayfield Village Centre and 450m from Waratah Train Station. The sites have good access to transport links, with the pacific highway 200m away. The sites are within walking distance of gyms, clubs, pubs, cafes & restaurants, bus stops and a train station.

Rental Estimate: Request a copy of the information memorandum

The approximate distance to amenities and places is detailed below:

Waratah Train Station - 450m
Mayfield Village Centre - 200m
Mayfield Ex Services Club - 20m
Mayfield Medical Centre - 200m
Genesis Health & Fitness - 20m
Web Park - 150m
Mayfield Pool - 1.6km
Newcastle CBD - 4.4km
John Hunter Hospital - 6.8km
University of Newcastle - 3.8km
Newcastle Interchange - 4.4km
Bar Beach - 6.9km

An information memorandum with further detail on these propertie

Property History for 49 Hanbury St, Mayfield, NSW 2304

A timeline of how this property has performed in the market
Last Sold
$800,000
01 May 2019
Listed for Rent
25 Jul 2019
  • 01 Jul 2024
    Listed for Sale Not Disclosed
  • 06 Jul 2019
    Listed for Rent - Price not available
  • 01 May 2019
    Sold for $800,000
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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 5,216 properties. Over the last 5 years, Houses in Mayfield have seen a 69.50% increase in median value, while Units have seen a 51.22% increase. As at 31 July 2024:

  • The median value for Houses in Mayfield is $883,187 while the median value for Units is $628,613.
  • Houses have a median rent of $620 while Units have a median rent of $475.
There are currently 16 properties listed for sale, and 7 properties listed for rent in Mayfield on OnTheHouse. According to CoreLogic's data, 227 properties were sold in the past 12 months in Mayfield.

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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.