OFF MARKET

29 Millfield Street
Pelaw Main NSW 2327

Bedrooms: 8
Bathrooms: 5
Car spaces: 5
Land area: 988m2
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Last updated 11 Nov 2024
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Property Details for 29 Millfield St, Pelaw Main

29 Millfield St, Pelaw Main is a 8 bedroom, 5 bathroom House with 5 parking spaces. The property has a land size of 988m2. While the property is not currently for sale or for rent, it was last sold in November 2017.

Building Type
House
Land Size
988m2
Local Government
Cessnock
Lot/Plan
11/20/DP758834

Last Listing description (June 2024)

This incredible investment opportunity is positioned on 1,011m² in a quite Cul de sac, with all amenities within a short walking distance. Solid brick construction and modern facades hide 5 super neat and spacious units, all with their own dedicated laundry and covered parking with separate car wash bay.

Currently all units tenanted under one secure government lease returning well over $5,000.00 per month. A truly set and forget investment or perhaps you would like to research the possibilities of strata, and re-selling individually, the option is yours!

- 3 Two bedroom units and 2 one bedroom units on one title.

- 5 Covered carports and covered wash bay.
- Lovely street presence with quality tenants.
- Positioned in a no-through street close to transport.
- Government lease in place for years to come.
- Solid construction with no maintenance required.
- Outgoings total Approx-$6900.00 P/annum

Please call your selling expert Dean Pinter for more information on 0422 133 084 or visit deanpinter.com.

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Property History for 29 Millfield St, Pelaw Main, NSW 2327

A timeline of how this property has performed in the market
Last Sold
$835,000
02 Nov 2017
  • 11 Oct 2021
    Listed for Sale SOLD AT AUCTION
  • 02 Nov 2017
    Sold for $835,000
  • 10 Oct 2017
    Listed for Sale Not Disclosed
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About Pelaw Main 2327

The size of Pelaw Main is approximately 9.2 square kilometres. It has 5 parks covering nearly 0.8% of total area. The population of Pelaw Main in 2011 was 1,026 people. By 2016 the population was 1,027 showing a population growth of 0.1% in the area during that time. The predominant age group in Pelaw Main is 60-69 years. Households in Pelaw Main are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Pelaw Main work in a trades occupation. In 2011, 70.7% of the homes in Pelaw Main were owner-occupied compared with 67.1% in 2016.

Pelaw Main has 501 properties. Over the last 5 years, Houses in Pelaw Main have seen a 92.72% increase in median value, while Units have seen a 78.63% increase. As at 31 October 2024:

  • The median value for Houses in Pelaw Main is $594,195 while the median value for Units is $449,215.
  • Houses have a median rent of $475.
There are currently 3 properties listed for sale, and no properties listed for rent in Pelaw main on OnTheHouse. According to CoreLogic's data, 24 properties were sold in the past 12 months in Pelaw main.

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