OFF MARKET

43 Margaret Street
Mayfield East NSW 2304

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 107m2
Land area: 528m2
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Last updated 11 Nov 2024
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Property Details for 43 Margaret St, Mayfield East

43 Margaret St, Mayfield East is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 528m2 and floor size of 107m2. While the property is not currently for sale or for rent, it was last sold in June 2017.

Building Type
House
Floor Size
107m2
Land Size
528m2
Local Government
Newcastle
Lot/Plan
8/DP70

Last Listing description (November 2024)

Discover a rare chance to invest in a unique property offering not one, but two charming houses on a generous 1,037sqm level block (approx.). With both homes currently tenanted, this is a fantastic opportunity for savvy investors or those looking to create their dream living space.

The possibilities are truly endless! Whether you're considering a long-term rental investment, redevelopment (STCA), or simply enjoying the current setup, this property offers a flexible canvas to suit your vision.

Situated in a fantastic location, you'll have easy access to an array of restaurants and cafes, perfect for indulging in the vibrant local culture. Explore nearby shops and enjoy the convenience of being just a short distance from the Newcastle CBD, where cosmopolitan living meets a relaxed lifestyle.

41 Margaret Street:
- 3 bedrooms
- 1 bathroom with second toilet
- Single garage with shed and covered patio
- Currently returning $450 per week

43 Margaret Street:
- 2 bedrooms
- 1 bathroom
- Single carport
- Currently returning $260 per week

Don't miss out on this incredible opportunityproperties like this don't come around often!
For more information and to schedule your inspection, please contact Jacob McFarlane from McFarlane Real Estate on (02) 4954 0399.

From all of us, we wish you every success in your search for your new home. If you would like to know more about this property or explore other available listings, please call or email us today!

DISCLAIMER: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including without limitation, any income, rentals, dimensions, areas, zoning and permits.

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Property History for 43 Margaret St, Mayfield East, NSW 2304

A timeline of how this property has performed in the market
Last Sold
16 Jun 2017
  • 20 Sep 2024
    Listed for Sale Price On Request
  • 16 Jun 2017
    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 872 properties. Over the last 5 years, Houses in Mayfield East have seen a 64.34% increase in median value, while Units have seen a 46.31% increase. As at 31 October 2024:

  • The median value for Houses in Mayfield East is $941,220 while the median value for Units is $736,481.
  • Houses have a median rent of $608 while Units have a median rent of $570.
There are currently 5 properties listed for sale, and 3 properties listed for rent in Mayfield east on OnTheHouse. According to CoreLogic's data, 36 properties were sold in the past 12 months in Mayfield east.

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