5 York StreetMayfield NSW 2304
Property Details for 5 York St, Mayfield
5 York St, Mayfield is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 600m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 3 bedroom House sold in Mayfield in the last 12 months.
Last Listing description (September 2024)
Spanning a combined 1,055sqm on three titles with dual frontage to Sunnyside Street, this substantial landholding is perfectly positioned within the Mayfield Renewal Corridor—an area earmarked for growth and ideal for apartment development.
The R4 High Density Residential zoning, along with a potential build height of 14m and a floor space ratio of 1:5:1, opens a multitude of possibilities. Whether you're envisioning a sleek apartment complex or a series of modern townhouses, the opportunities here are boundless. For inspiration, look at the nearby completed developments, such as 'The Quarter' on Hanbury Street or the four new townhouses at 2a Wilkinson Street. These examples showcase the type of transformative projects that can be realised in this thriving locale.
Although these properties are being auctioned separately, they present an exceptional opportunity to be acquired together for a visionary development project.
Subject to council approval, potential development options include:
- An apartment block
- A townhouse development
- 5 York Street – 3bed, 1, bath, 2 parking – 600sqm block on two titles
- 7 York Street - 3bed, 1, bath, 2 parking – 455sqm block, dual frontage to Sunnyside St.
- Currently housing long term tenants generating an income of $350 per week while plans are being approved
- Waratah Public School, Corpus Christi Primary, St Philip's Christian College, Callaghan College, Tilly's childcare all nearby
- Waratah Station – 200m
- Mayfield town centre – 700m
- Medical Centre, Mayfield Ex Service's Club, Genesis Gym – 300m
- 4.8km/10mins - Newcastle CBD, 6km/15 mins - Bar Beach
Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.
Property History for 5 York St, Mayfield, NSW 2304
- 13 Sep 2024Sold
- 15 Aug 2024Listed for Sale Contact Agent
- 28 Jul 1993Sold for $110,000
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0About 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 5,157 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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