OFF MARKET

12 Steel Street
Redhead NSW 2290

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Floor area: 104m2
Land area: 461m2
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Last updated 14 Oct 2024
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Property Details for 12 Steel St, Redhead

12 Steel St, Redhead is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1985. The property has a land size of 461m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in October 2016.

Building Type
House
Year Built
1985
Floor Size
104m2
Land Size
461m2
Local Government
Lake Macquarie
Lot/Plan
1/21/DP3109

Last Listing description (November 2016)

Buyers seeking a lifestyle position combined with versatile accommodation and dual living options will certainly be interested in 12 Steel Street, Redhead. This lucrative opportunity offers a solid brick three bedroom home delivering a modern day fit-out plus an additional two bedroom apartment all resting on one title. The apartment sits above a vast space that has been finished to a lock up standard providing plenty of options including an easy conversion into one grand residence or utilise both properties to accommodate multi-generational or extended families (STCA).
* Two solidly built residences sitting on one title in sought after beachside suburb.
* Original three bedroom brick home has been updated and enjoys an updated

electric kitchen, modern bathroom, two living spaces and reverse cycle air-conditioning.
* Two bedroom light-filled apartment sits above an enclosed building that has been finished to lock up stage making it a prime candidate for conversion into a two storey family residence (STCA).
* Currently experiencing a high rate return that will greatly appeal to savvy investors.
* Potential to subdivide and sell each dwelling separately (STCA).
* Instantly appealing to families searching for multi-generational living possibilities.
* Brilliant position, an easy walk away from world-class beaches, village shops and bowling club.
Council Rates: $529 PQ approx
Water Rates:$216 + Usage PQ approx
Rent: Currently returning $900 PW

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Property History for 12 Steel St, Redhead, NSW 2290

A timeline of how this property has performed in the market
Last Sold
$785,000
04 Oct 2016
Listed for Rent
$380/w
14 Apr 2016
  • 04 Oct 2016
    Sold for $785,000
  • 08 Jul 2016
    Listed for Sale $795,000 - $825,000
  • 04 Apr 2016
    Listed for Rent $380 / week
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About Redhead 2290

The size of Redhead is approximately 3.4 square kilometres. It has 6 parks covering nearly 7.3% of total area. The population of Redhead in 2011 was 3,453 people. By 2016 the population was 3,530 showing a population growth of 2.2% in the area during that time. The predominant age group in Redhead is 40-49 years. Households in Redhead are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Redhead work in a professional occupation. In 2011, 80.7% of the homes in Redhead were owner-occupied compared with 80.7% in 2016.

Redhead has 1,817 properties. Over the last 5 years, Houses in Redhead have seen a 105.18% increase in median value, while Units have seen a 2.27% increase. As at 30 September 2024:

  • The median value for Houses in Redhead is $1,676,752 while the median value for Units is $569,822.
  • Houses have a median rent of $720 while Units have a median rent of $318.
There are currently 12 properties listed for sale, and 2 properties listed for rent in Redhead on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Redhead.

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