OFF MARKET

1B George Street
Mayfield East NSW 2304

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 486m2
Land area: 3707m2
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Property Details for 1b George St, Mayfield East

Building Type
Commercial
Floor Size
486m2
Land Size
3707m2
Local Government
Newcastle
Lot/Plan
304/DP862119

Last Listing description (April 2021)

An increasingly rare city fringe industrial land banking investment opportunity, boasting fully let income with strong tenure outlook.

- Land area 3,707m*

- Building area 2,262m*

- 5 tenancies currently returning $105,000* gross annual income

- Zoned IN2 Light Industrial

- Situated in an outstanding location in close proximity to Newcastle harbour & CBD with excellent egress via Industrial Drive to major arterial routes.

For Sale via Auction: On-site, Wednesday 21st April 2021, 10:30am

*Approximately

Property History for 1b George St, Mayfield East, NSW 2304

A timeline of how this property has performed in the market
Last Sold
$2,250,000
07 May 2021
Listed for Rent
$349/w
09 Apr 2014
  • 07 May 2021
    Sold for $2,250,000
  • 24 Mar 2021
    Listed for Sale Auction
  • 21 May 2019
    Sold
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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 882 properties. Over the last 5 years, Houses in Mayfield East have seen a 60.97% increase in median value, while Units have seen a 38.65% increase. As at 30 November 2024:

  • The median value for Houses in Mayfield East is $941,647 while the median value for Units is $724,332.
  • Houses have a median rent of $640 while Units have a median rent of $570.
There are currently 2 properties listed for sale, and 3 properties listed for rent in Mayfield east on OnTheHouse. According to CoreLogic's data, 38 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.