SOLD
Sold on 25 Jan 2024 for $440,000

15/50 Riverside Drive
Mayfield West NSW 2304

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 97m2
Sold By
Colliers Newcastle
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Property Details for 15/50 Riverside Dr, Mayfield West

Building Type
Commercial
Land Size
97m2
Local Government
Newcastle
Lot/Plan
11/SP105791

Last Listing description (August 2023)

Versatile warehouse unit with dual roller door access situated within the popular Steel River Estate, Mayfield West.

The property features include:
Secure concrete tilt panel external and internal walls

Two industrial sized metal roller door 4.2m* wide x 4.8m* high.
Kitchenette and full bathroom facilities.
Great natural lighting via aluminium glazed shopfront entrance and first floor window panels, together with LED high bay lighting.
Two designated car spaces on title.
The development benefits from drive around vehicle access, incorporating separate driveway entry and exits off Riverside Drive.
The property is centrally located being a 10 minute* drive to Newcastle CBD, a 10 minute* drive to the port of Newcastle and a 20 minute* drive to Newcastle Airport.

For Sale by Public Auction | Thursday 7 September 2023 at 10:30am (AEST).
Ground Floor, 18 Honeysuckle Drive, Newcastle.

*Approximate.

Property History for 15/50 Riverside Dr, Mayfield West, NSW 2304

A timeline of how this property has performed in the market
Last Sold
$440,000
25 Jan 2024
  • 25 Jan 2024
    Sold for $440,000
  • 17 Jul 2023
    Listed for Sale Please contact agent
  • 28 Jan 2022
    Sold for $350,900

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About Mayfield West 2304

The size of Mayfield West is approximately 2.5 square kilometres. It has 8 parks covering nearly 8.3% of total area. The population of Mayfield West in 2011 was 1,770 people. By 2016 the population was 1,896 showing a population growth of 7.1% in the area during that time. The predominant age group in Mayfield West is 20-29 years. Households in Mayfield West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mayfield West work in a professional occupation. In 2011, 62.3% of the homes in Mayfield West were owner-occupied compared with 58% in 2016.

Mayfield West has 1,560 properties. Over the last 5 years, Houses in Mayfield West have seen a 75.60% increase in median value, while Units have seen a 55.64% increase. As at 30 September 2024:

  • The median value for Houses in Mayfield West is $847,593 while the median value for Units is $602,789.
  • Houses have a median rent of $590 while Units have a median rent of $565.
There are currently 4 properties listed for sale, and 5 properties listed for rent in Mayfield west on OnTheHouse. According to CoreLogic's data, 90 properties were sold in the past 12 months in Mayfield west.

Suburb Insights for Mayfield West 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.