SOLD
Sold on 22 Jul 2024 for $1,000,000

1/321 New England Highway
Rutherford NSW 2320

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1092m2
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Property Details for 1/321 New England Hwy, Rutherford

1/321 New England Hwy, Rutherford is a 0 bedroom, 0 bathroom Unit. The property has a land size of 1092m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 0 bedroom Unit sold in Rutherford in the last 12 months.

Building Type
Unit
Land Size
1092m2
Local Government
Maitland
Lot/Plan
1/SP44969

Last Listing description (October 2023)

This property provides the opportunity to secure a dual income investment situated in a strategic location with excellent high exposure to the New England Highway.

The property is leased to two sperate tenants, being Hunter Pro Tint and Right Water Pumps with leases expiring in February 2025 and October 2026 respectively. The passing combined net rent equates to $61,427.20 per annum providing future rental uplift opportunities.

The property comprises two separate titles, forming an entire Strata complex, allowing a future exit strategy of a sell down, if required. The combined Strata area of both units 1 & 5 equates to 440 square metres*.

For Sale by Private Treaty | For more information contact Tim Woolf or Mark Yazbeck.

*Approx.

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Property History for 1/321 New England Hwy, Rutherford, NSW 2320

A timeline of how this property has performed in the market
Last Sold
$1,000,000
22 Jul 2024
Listed for Rent
23 Oct 2018
  • 22 Jul 2024
    Sold for $1,000,000
  • 19 Jul 2023
    Listed for Sale Please contact agent
  • 21 Jan 2019
    Listed for Sale Please contact agent
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About Rutherford 2320

The size of Rutherford is approximately 13.4 square kilometres. It has 24 parks covering nearly 8.7% of total area. The population of Rutherford in 2011 was 10,182 people. By 2016 the population was 11,865 showing a population growth of 16.5% in the area during that time. The predominant age group in Rutherford is 0-9 years. Households in Rutherford are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rutherford work in a trades occupation. In 2011, 61.1% of the homes in Rutherford were owner-occupied compared with 55.9% in 2016.

Rutherford has 6,524 properties. Over the last 5 years, Houses in Rutherford have seen a 72.07% increase in median value, while Units have seen a 60.57% increase. As at 30 November 2024:

  • The median value for Houses in Rutherford is $658,272 while the median value for Units is $491,971.
  • Houses have a median rent of $580 while Units have a median rent of $445.
There are currently 24 properties listed for sale, and 4 properties listed for rent in Rutherford on OnTheHouse. According to CoreLogic's data, 321 properties were sold in the past 12 months in Rutherford.

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