OFF MARKET

25 Prince Street
Paterson NSW 2421

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1113m2
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Property Details for 25 Prince St, Paterson

Building Type
Commercial
Land Size
1113m2
Local Government
Dungog
Lot/Plan
1/DP66022

Last Listing description (March 2022)

Positioned in the idyllic village of Paterson, the historic Paterson Tavern presents an excellent freehold opportunity. Built in 1882 and servicing a strong tourist and local trade, the tavern is located just off the main arterial Maitland Road and is 20 minutes* from Maitland and 55 minutes* from Newcastle.

- 300m* from Paterson Train Station (North Coast line from Sydney to Brisbane)
- Ideal day trip destination from Newcastle by rail for families or for recreational motorcyclists

- Fully operational bar with Keno and TAB facilities
- Ample outdoor seating, large dining room and contemporary kitchen
- Modern cool room facilities
- Two bedroom manager or owner-occupier residence upstairs
- 1,113sqm* site area, adjacent road reserve and public recreation land
- Majority zoned RU5 Village, part zoned C3 Environmental Management

For Sale by Expressions of Interest closing Thursday 31 March at 4pm

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Property History for 25 Prince St, Paterson, NSW 2421

A timeline of how this property has performed in the market
Last Sold
$1,500,000
23 Mar 2022
  • 23 Mar 2022
    Sold for $1,500,000
  • 24 Feb 2022
    Listed for Sale Contact Agent
  • 30 Jun 2005
    Sold for $590,000
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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 493 properties. Over the last 5 years, Houses in Paterson have seen a 60.08% increase in median value, while Units have seen a -2.17% decrease. As at 30 September 2024:

  • The median value for Houses in Paterson is $682,838 while the median value for Units is $367,651.
There are currently 8 properties listed for sale, and no properties listed for rent in Paterson on OnTheHouse. According to CoreLogic's data, 18 properties were sold in the past 12 months in Paterson.

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