1A Heritage AvenueMedowie NSW 2318
Property Details for 1a Heritage Ave, Medowie
1a Heritage Ave, Medowie is a 5 bedroom, 3 bathroom DuplexSemi-detached with 2 parking spaces. While the property is not currently for sale or for rent, it was last sold in September 2023. There are other 5 bedroom DuplexSemi-detached sold in Medowie in the last 12 months.
Last Listing description (September 2023)
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.
Property History for 1a Heritage Ave, Medowie, NSW 2318
- 15 Sep 2023Sold for $1,100,000
- 05 May 2023Listed for Sale Contact Agent
- 02 Jul 2008Sold for $200,000
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0About 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 5,177 properties. Over the last 5 years, Houses in Medowie have seen a 71.27% increase in median value, while Units have seen a 27.39% increase. As at 31 July 2024:
- The median value for Houses in Medowie is $837,828 while the median value for Units is $399,963.
- Houses have a median rent of $615 while Units have a median rent of $443.
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