5 Ford Ave, Mount Hutton is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 578m2 and floor size of 154m2. While the property is not currently for sale or for rent, it was last sold in November 2018.
Currently offering two separate income streams with a collective rent return of $630/wk. Upstairs contains 3 generous bedrooms, two separate living spaces plus 2nd wc with a rent return of $350/wk. Downstairs possesses modern kitchen, tiled flooring and a return of $280/week. Both possess single garaging with internal access. Absolute convenience with village shops directly opposite and easy stroll to neighbouring Lake Macquarie Fair shopping centre & Aldi also close by. Minutes to Warners Bay Foreshore, convenient to local schooling & transport as well. Providing 5.95% gross return with opportunity to hedge return with the multiple occupancy. Alternatively first home buyers looking at subsidise repayments with the bonus income potential.
Land Size: 578sqm
Council: Lake Macquarie
The size of Mount Hutton is approximately 3.2 square kilometres. It has 6 parks covering nearly 2.8% of total area. The population of Mount Hutton in 2011 was 3,181 people. By 2016 the population was 3,548 showing a population growth of 11.5% in the area during that time. The predominant age group in Mount Hutton is 50-59 years. Households in Mount Hutton are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Mount Hutton work in a professional occupation. In 2011, 70.8% of the homes in Mount Hutton were owner-occupied compared with 70.8% in 2016.
Mount Hutton has 1,919 properties. Over the last 5 years, Houses in Mount Hutton have seen a 62.09% increase in median value, while Units have seen a 60.64% increase. As at 31 August 2024:
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