SOLD
Sold on 15 Feb 2024 for $1,400,000

19 King Street
Paterson NSW 2421

Bedrooms: 7
Bathrooms: 8
Car spaces: 14
Floor area: 6m2
Land area: 1565m2
Sold By
Agency HQ Sydney
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Property Details for 19 King St, Paterson

19 King St, Paterson is a 7 bedroom, 8 bathroom House with 14 parking spaces and was built in 1902. The property has a land size of 1565m2 and floor size of 6m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 7 bedroom House sold in Paterson in the last 12 months.

Building Type
House
Year Built
1902
Floor Size
6m2
Land Size
1565m2
Local Government
Dungog
Lot/Plan
20/DP58886

Last Listing description (March 2024)

Originating in circa 1902, this federation masterpiece is a must see!

An exciting and versatile opportunity awaits.

Situated in Paterson, a rural village on the Paterson River, this glorious property is a two-storey double brick building with a stunning North facing aspect outlook, wrap around verandah, large garaging and plenty of carparking facilities.

Currently being utilised as an bed and breakfast 7 days a week with a caf? and restaurant operating 3 out of the 7 days. With a commercial kitchen, dining area, separate bar room and an outdoor BBQ are, the possibilities are endless for a place like this. Dining options extend to outdoors as well and there is also approval for a liquor license to extend the hospitality options.
The building consists of 6 bedrooms, all with ensuites, plus a self-contained flat (or 7th bedroom if needed).

The property would also suit someone looking to create a warm and welcoming home for their ever-growing family and raise your kids in a piece of history! Or capitalise on the limited availability for accommodation in the area and run a quaint B&B. The cafe/estaurant can be leased separately or owner operated, the choice is yours!

Functions & Weddings happen regularly at Tocal Homestead so the ability to capitalise on the accommodation side of things is ever growing! Also, the business has catered for small weddings and functions itself.

Paterson is a sought-after unique town and only a short drive to the centre of Maitland which is one of the fastest growing areas in NSW. Paterson also consists of a growing population and plenty of local businesses that have been the staple of this peaceful township for many years.

Local Paterson Primary school plus Dungog & Maitland mean plenty of families in the area, railway station for daily commuting to Maitland, Newcastle & Dungog. Paterson is located South of Gresford, Stroud, Dungog, Gloucester and Barrington Tops. It is a 1 hour drive to the beaches of Newcastle and only 40 minutes to the beautiful Hunter Valley.

A freehold business with good income and ample potential for expansion. A beautiful property and location to call home for the large or growing family or a combination of both! Can be sold as a going concern (WIWO).

Rarely does such a diverse opportunity arise. Call me to discuss a viewing or to find out more information!

Property History for 19 King St, Paterson, NSW 2421

A timeline of how this property has performed in the market
Last Sold
$1,400,000
15 Feb 2024
  • 21 Feb 2024
    Listed for Sale Not Disclosed
  • 15 Feb 2024
    Sold for $1,400,000
  • 06 Jul 2023
    Listed for Sale Not Disclosed
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About Paterson 2421

The size of Paterson is approximately 41.4 square kilometres. The population of Paterson in 2011 was 801 people. By 2016 the population was 887 showing a population growth of 10.7% in the area during that time. The predominant age group in Paterson is 50-59 years. Households in Paterson are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Paterson work in a professional occupation. In 2011, 79.8% of the homes in Paterson were owner-occupied compared with 85.7% in 2016.

Paterson has 494 properties. Over the last 5 years, Houses in Paterson have seen a 75.75% increase in median value, while Units have seen a 1.76% increase. As at 31 October 2024:

  • The median value for Houses in Paterson is $768,154 while the median value for Units is $379,129.
There are currently 8 properties listed for sale, and no properties listed for rent in Paterson on OnTheHouse. According to CoreLogic's data, 21 properties were sold in the past 12 months in Paterson.

Suburb Insights for Paterson 2421

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.