SOLD
Sold on 28 Nov 2023 for $1,035,000

10 Lobelia Close
Metford NSW 2323

Bedrooms: 7
Bathrooms: 4
Car spaces: 4
Floor area: 51m2
Land area: 761m2
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Sold By
Alana Barker
Valley Estate Agents
Sophie Abela
Valley Estate Agents
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Property Details for 10 Lobelia Cl, Metford

10 Lobelia Cl, Metford is a 7 bedroom, 4 bathroom House with 4 parking spaces and was built in 1980. The property has a land size of 761m2 and floor size of 51m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 7 bedroom House sold in Metford in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
51m2
Land Size
761m2
Local Government
Maitland
Lot/Plan
5/DP259960

Last Listing description (January 2024)

Positioned in one of the region's most highly sought-after neighbourhoods, this block of units offers a prime investment opportunity in METFORD. Consisting of three two-bedroom units and one single-bedroom unit, it is a promising prospect for investors.

Centrally located to nearby transport, schools, shops and nearby lifestyle requirements, making it an excellent choice tenants looking for convenience in a location.

Current Tenancy and Rental Return

Unit 1 | 2 bedroom | Lease Expiry 23.05.2024 | Weekly Rental $340.00
Unit 2 | 2 bedroom | Lease Expiry 07.03.2024 | Weekly Rental $285.00
Unit 3 | 1 bedroom | Lease Expiry 21.02.2024 | Weekly Rental $265.00
Unit 4 | 2 bedroom | Lease Expiry 19.12.2023 | Weekly Rental $370.00

Property Features
- Dedicated parking for each unit
- All unit with balconies and internal laundries
- Solid full brick building
- Shared entrance to foyer with private front doors for each unit
- All units are separately metered for electricity

Distances
Metford Local Shops - 1km
Metford Train Station - 1.8km
Maitland Hospital - 1.8km
Stockland Green Hills - 2km
Maitland Private Hospital - 2km
Newcastle CBD - 28km

Quick Facts
Year built: 1980 (approx.)
Land size: 771m2
Complex composition: 3 x 2 bedroom units and 1 x 1 bedroom unit
Council rates: $4,150.00 per annum (approx.)
Water Rate: $3,780 per annum (approx.)
Insurance: $3,830.00 per annum (approx.)
Maintenance: $6,280.00 per annum (approx.)
Management and Letting Fees: $5,950.00 per annum (approx.)

With the prospect of renovation to enhance an already robust rental income, this collection of units offers an appealing prospect for investors seeking to expand their diversified property portfolio.

Contact the team at Valley Estate Agents for more information on how to secure this prime investment opportunity.

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Property History for 10 Lobelia Cl, Metford, NSW 2323

A timeline of how this property has performed in the market
Last Sold
$1,035,000
28 Nov 2023
Listed for Rent
$170/w
03 Feb 2011
  • 28 Nov 2023
    Sold for $1,035,000
  • 07 Sep 2023
    Listed for Sale 1045000
  • 07 Mar 2019
    Listed for Rent $200 / week
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About Metford 2323

The size of Metford is approximately 3.1 square kilometres. It has 7 parks covering nearly 12.5% of total area. The population of Metford in 2011 was 4,871 people. By 2016 the population was 4,767 showing a population decline of 2.1% in the area during that time. The predominant age group in Metford is 0-9 years. Households in Metford are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Metford work in a trades occupation. In 2011, 62.8% of the homes in Metford were owner-occupied compared with 62.6% in 2016.

Metford has 2,061 properties. Over the last 5 years, Houses in Metford have seen a 62.02% increase in median value, while Units have seen a 44.28% increase. As at 31 August 2024:

  • The median value for Houses in Metford is $680,346 while the median value for Units is $452,914.
  • Houses have a median rent of $580 while Units have a median rent of $380.
There are currently 2 properties listed for sale, and 1 property listed for rent in Metford on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Metford.

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