SOLD
Sold on 11 Dec 2024 for $770,000

14/56 Industrial Drive
Mayfield East NSW 2304

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 235m2
Land area: 7119m2
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Property Details for 14/56 Industrial Dr, Mayfield East

Building Type
Commercial
Floor Size
235m2
Land Size
7119m2
Local Government
Newcastle
Lot/Plan
14/SP70888

Last Listing description (September 2014)

CITY FRINGE OFFICE
The unit is part of a strata complex and is of portal frame construction with colourbond metal clad and colourbond insulated roof. The unit is two floors of air-conditioned and carpeted office space with storage areas and male and female amenities and kitchen.
The ground floor configuration consists of a reception area with three separate offices, amenities and storage.

The first floor consists of open plan area with two separate offices. There are three designated car spaces with ample onsite parking around the complex.
Ground floor 117.5m? (approx.)
First Floor 117.5m? (approx.)
Total 235.0m? (approx.)
The property is located on the western side of Industrial Drive, Mayfield and is accessed from George Street via a Right of Carriageway. Industrial Drive is a major arterial road servicing Newcastle CBD and Port areas.

Property History for 14/56 Industrial Dr, Mayfield East, NSW 2304

A timeline of how this property has performed in the market
Last Sold
$770,000
11 Dec 2024
  • 11 Dec 2024
    Sold for $770,000
  • 25 Jun 2014
    Sold for $231,000
  • 17 May 2014
    Listed for Sale Not Disclosed
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About Mayfield East 2304

The size of Mayfield East is approximately 0.6 square kilometres. It has 2 parks covering nearly 3.5% of total area. The population of Mayfield East in 2011 was 1,709 people. By 2016 the population was 1,703 showing a population decline of 0.4% in the area during that time. The predominant age group in Mayfield East is 20-29 years. Households in Mayfield East are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mayfield East work in a professional occupation. In 2011, 61.5% of the homes in Mayfield East were owner-occupied compared with 60.1% in 2016.

Mayfield East has 885 properties. Over the last 5 years, Houses in Mayfield East have seen a 62.77% increase in median value, while Units have seen a 45.71% increase. As at 31 January 2025:

  • The median value for Houses in Mayfield East is $965,932 while the median value for Units is $751,459.
  • Houses have a median rent of $650 while Units have a median rent of $560.
There are currently 4 properties listed for sale, and 1 property listed for rent in Mayfield east on OnTheHouse. According to CoreLogic's data, 40 properties were sold in the past 12 months in Mayfield east.

Suburb Insights for Mayfield East 2304

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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.