537 Maitland RoadMayfield West NSW 2304
Property Details for 537 Maitland Rd, Mayfield West
537 Maitland Rd, Mayfield West is a 4 bedroom, 4 bathroom House with 4 parking spaces. The property has a land size of 556m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 4 bedroom House sold in Mayfield West in the last 12 months.
Last Listing description (September 2024)
Secure this residential investment opportunity at 537 Maitland Road, Mayfield West. The property has a land area of 556m2 (approx.) and comprises of a residential two storey brick building containing 4 self-contained one-bedroom units under one roof.
Every unit has its own separate entrance, lounge/dining, bathroom, kitchen and bedroom. An attached separate shared laundry and undercover parking space for each unit are provided at ground level. The two units on the ground level have polished timber floors and the two units on the first level have carpet, all with tidy and neat bathrooms and kitchen. Current tenants have been residents for between 4 and 14 years, with the leases expiring in April and May 2025.
High Demand Area: The property is in a convenient location close to essential amenities, public spaces, public transport and employment areas, which could attract tenants looking for ease of access to shopping, recreation, healthcare and work.
Self-Contained Units: Each unit having its own kitchen and bathroom adds value as tenants prefer privacy and convenience, potentially allowing for higher rental yields.
Low Maintenance: The property appears well-maintained with timber and carpeted floors, tidy bathrooms, and kitchens, which could reduce ongoing maintenance costs.
Parking: Undercover parking is a desirable feature for tenants, adding to the property's attractiveness.
Noise Reduction: Carpeted units on the first level offer better noise insulation, which could be appealing to prospective tenants.
Location Highlights:
- Public Transport Availability: Bus stops -100 metres, Warabrook Station - 600 metres
- Proximity to Woolworths, Warabrook: 100 metres
- Proximity to Stevenson Park Recreation Area: 350 metres
- Proximity to Newcastle University: 700 metres
- Mater Hospital: 2.4 km
Property History for 537 Maitland Rd, Mayfield West, NSW 2304
- 27 Sep 2024Sold
- 16 Sep 2024Listed for Sale Price Guide $1,250,000
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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 1,549 properties. Over the last 5 years, Houses in Mayfield West have seen a 76.92% increase in median value, while Units have seen a 52.74% increase. As at 31 October 2024:
- The median value for Houses in Mayfield West is $859,774 while the median value for Units is $592,195.
- Houses have a median rent of $590 while Units have a median rent of $470.
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