SOLD
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Sold on 29 Aug 2024 - Price Unavailable

88 Hanbury Street
Mayfield NSW 2304

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 860m2
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Property Details for 88 Hanbury St, Mayfield

Building Type
Commercial
Floor Size
860m2
Local Government
Newcastle
Lot/Plan
1/DP127928

Last Listing description (August 2024)

Prominently located and boasting a variety of amenities and features, this is a property poised to benefit from a potentially diverse range of re-purpose and upside opportunities.

• 860m²* site area

• 600m²* building area over two (2) floors

• Zone MU1: Mixed Use

• Onsite parking at rear

• Offered with vacant possession

AUCTION DETAILS:
Auction to be held on Thursday 4th July 2024 at 11AM on-site at 88 Hanbury Street, Mayfield NSW 2304.

*Approximately

Property History for 88 Hanbury St, Mayfield, NSW 2304

A timeline of how this property has performed in the market
Last Sold
29 Aug 2024
  • 29 Aug 2024
    Sold for $1,650,000
  • 01 Nov 2023
    Listed for Sale On-site Auction: Thursday 4 July 2024 at 11AM
  • 31 Mar 2001
    Sold for $271,000
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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 5,156 properties. Over the last 5 years, Houses in Mayfield have seen a 69.43% increase in median value, while Units have seen a 53.76% increase. As at 30 September 2024:

  • The median value for Houses in Mayfield is $884,423 while the median value for Units is $647,236.
  • Houses have a median rent of $620 while Units have a median rent of $480.
There are currently 22 properties listed for sale, and 2 properties listed for rent in Mayfield on OnTheHouse. According to CoreLogic's data, 220 properties were sold in the past 12 months in Mayfield.

Suburb Insights for Mayfield 2304

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Contact agent
Lee Follington
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Barry Price
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Ray White Commercial Newcastle
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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.