OFF MARKET

1A Heritage Avenue
Medowie NSW 2318

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Floor area: 164m2
Land area: 2001m2
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Property Details for 1a Heritage Ave, Medowie

1a Heritage Ave, Medowie is a 3 bedroom, 3 bathroom House with 2 parking spaces and was built in 2010. The property has a land size of 2001m2 and floor size of 164m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
House
Year Built
2010
Floor Size
164m2
Land Size
2001m2
Local Government
Port Stephens
Lot/Plan
61/DP1106425

Last Listing description (April 2024)

Whether you are looking to build or for a dual income investment, this could be the house for you.

Situated on 2,000 square meters sits a large 3-bedroom, 2-bathroom duplex, with separate 2-bedroom, 1-bathroom fully approved granny flat, nestled in a convenient location this will always be popular to rent.

Close to shops, schooling, Nelson Bay, Newcastle airport and easy access to the Pacific Highway.

The hard work has been done, this property provides a fantastic opportunity to invest and build with a DA and plans in place for 4 additional town houses, zoned residential, with water, electricity and Telstra services on property. All this whilst earning a dual income from the current duplex on site.

With the current rental market, you could be making $550 weekly from the current house and an additional $400 from the approved granny flat.

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Property History for 1a Heritage Ave, Medowie, NSW 2318

A timeline of how this property has performed in the market
Last Sold
$1,100,000
15 Sep 2023
Listed for Rent
07 Jul 2024
  • 15 Sep 2023
    Sold for $1,100,000
  • 05 May 2023
    Listed for Sale Contact Agent
  • 02 Jul 2008
    Sold for $200,000

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About Medowie 2318

The size of Medowie is approximately 42.8 square kilometres. It has 22 parks covering nearly 15.9% of total area. The population of Medowie in 2011 was 8,843 people. By 2016 the population was 9,581 showing a population growth of 8.3% in the area during that time. The predominant age group in Medowie is 0-9 years. Households in Medowie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Medowie work in a trades occupation. In 2011, 75.8% of the homes in Medowie were owner-occupied compared with 74.3% in 2016.

Medowie has 5,213 properties. Over the last 5 years, Houses in Medowie have seen a 65.70% increase in median value, while Units have seen a 50.92% increase. As at 31 October 2024:

  • The median value for Houses in Medowie is $827,440 while the median value for Units is $490,403.
  • Houses have a median rent of $620 while Units have a median rent of $450.
There are currently 58 properties listed for sale, and 17 properties listed for rent in Medowie on OnTheHouse. According to CoreLogic's data, 232 properties were sold in the past 12 months in Medowie.

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