3 Swan StreetMorpeth NSW 2321
Property Details for 3 Swan St, Morpeth
Last Listing description (March 2018)
Unique investment opportunity exists with this commercial investment located in the historic township of Morpeth.
The solid investment has a strong rental history and has never been untenanted over the past 8 years.
Key features of the property include:
* Two of the shops only 8 years old
* Over looking the Hunter River
* A mix of retail and hospitality lessees
* Three boutique style commercial spaces.
The overall popularity of this location means there is a constant demand for commercial space keeping vacancy rates low and giving the astute investor assurance on how solid this investment property really is.
Two investment options available:
Shops 4 & 5 $986,000 (Sold as a going concern)
Shops 3 to 5 $1,265,000 (Sold as a going concern).
Call to day for a copy of the information memorandum.
Property History for 3 Swan St, Morpeth, NSW 2321
- 27 Sep 2017Listed for Sale From $986,000 (Sold as a going concern)
- 29 Aug 2005Sold for $383,000
- 19 Mar 2003Sold for $275,000
Commute Calculator
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About Morpeth 2321
The size of Morpeth is approximately 4.8 square kilometres. It has 2 parks covering nearly 4.3% of total area. The population of Morpeth in 2011 was 1,261 people. By 2016 the population was 1,403 showing a population growth of 11.3% in the area during that time. The predominant age group in Morpeth is 60-69 years. Households in Morpeth are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Morpeth work in a professional occupation. In 2011, 74.8% of the homes in Morpeth were owner-occupied compared with 67.4% in 2016.
Morpeth has 879 properties. Over the last 5 years, Houses in Morpeth have seen a 51.10% increase in median value, while Units have seen a 46.17% increase. As at 31 October 2024:
- The median value for Houses in Morpeth is $700,582 while the median value for Units is $503,600.
- Houses have a median rent of $570.
Suburb Insights for Morpeth 2321
Market Insights
Morpeth Trends for Houses
N/A
N/A
View TrendN/A
N/A
Morpeth Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
