47 Groongal StreetMayfield West NSW 2304
Property Details for 47 Groongal St, Mayfield West
47 Groongal St, Mayfield West is a 2 bedroom, 1 bathroom House and was built in 1930. The property has a land size of 512m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in February 2023.
Last Listing description (April 2023)
This property is perfect for the astute investor offering dual income with 2 homes on one block or an opportunity to generate additional cash flow, by living in one and leasing the other out. At the front of the property sits an original style 2-bedroom weatherboard home, and at the rear of the property sits a 3-bedroom granny-flat.
Features of the house include:
2 bedrooms both with built-in wardrobes & ceiling fans
Floorboards throughout living area
Updated kitchen with gas cooktop
Reverse cycle air-conditioner in dining room
Currently vacant, market rental potential is approx. $460 per week
Features of the granny flat include:
3 bedrooms all with built-ins
Modern kitchen with stainless steel dishwasher
Modern bathroom with shower, vanity and WC
Reverse cycle air-conditioning
Grassed backyard with garden shed
Currently leased for $440 per week
This wonderful opportunity is centrally located. Approximately 1.7km to Calvary Mater Hospital, approx. 3.5km to Newcastle University, approx. 19km to Newcastle Airport & approx. 7.7km to Honeysuckle precinct, where you will find a variety of cafes & restaurants. Put this one on your list today.
*DISCLAIMER*
All information in our marketing material has been obtained from sources we believe are reliable, however, perspective purchasers are advised to carry out their own investigations. Floor plans and site plans including boundaries are approximate and are for illustration purposes only.
Property History for 47 Groongal St, Mayfield West, NSW 2304
- 23 Feb 2023Sold for $838,000
- 30 Nov 2022Listed for Sale $820,000 - $870,000
- 08 Jan 2020Listed for Rent $370 / week
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0About 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 1,581 properties. Over the last 5 years, Houses in Mayfield West have seen a 75.53% increase in median value, while Units have seen a 47.66% increase. As at 30 November 2024:
- The median value for Houses in Mayfield West is $864,704 while the median value for Units is $579,946.
- Houses have a median rent of $585 while Units have a median rent of $470.
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