OFF MARKET

8/40 Diamond Circuit
Rutherford NSW 2320

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 89m2
Land area: 175m2
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Property Details for 8/40 Diamond Cct, Rutherford

8/40 Diamond Cct, Rutherford is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2020. The property has a land size of 175m2 and floor size of 89m2. While the property is not currently for sale or for rent, it was last sold in August 2020.

Building Type
Unit
Year Built
2020
Floor Size
89m2
Land Size
175m2
Local Government
Maitland
Lot/Plan
8/SP100594

Last Listing description (August 2020)

CONTACT AGENT FOR A PRIVATE INSPECTION

Brand New Two Bedroom Free Standing Villa


When starting out on your real estate journey, an opportunity to enter the market in a brand-new property rarely presents itself. Today we welcome you to 8/40 Diamond Crt, Rutherford.

The complex is now finished construction and are ready for the wise purchaser to inspect. Each of these villas offers two bedrooms, a single remote garage with internal access and an undercover alfresco area in a fully fenced grassed yard. Being free standing and having a small yard gives the illusion of your own small house rather than being in built up living but in a price range that provides an opportunity to enter the market, invest or downsize alike.

Being brand new the complex will attract first home buyers eligible for the First Home Buyer New Home Scheme, stamp duty exemption and abolishment of Insurance duty on lenders mortgage insurance. For more information about the benefits of purchasing a brand new first home go to https://www.revenue.nsw.gov.au/grants-schemes/first-home-buyer/new-homes.

Equally, investors will pay keen attention to the development when looking to maximise depreciation tax incentives and reduce maintenance costs for a more predictable rental return. Considering Rutherford was named the number 2 suburb in NSW for investment 2019 by Money Magazine, the suburb has achieved a yield of 4.9% in the suburb over the last 12 months and an annual capital growth rate of 2.15% for units and villas it is no wonder the predictions for investment in the area are positive.

Alternately, downsizers looking to make the most of the governments non-concessional contribution to super when downsizing from the family home over the age of 65 will see many benefits of this sweet spot of the market with home maintenance kept at a minimum, a healthy balance between community living and the independence and privacy of a free standing property, the proximity to the services Rutherford Shopping Precinct offers and the access this price point offers without compromising on the quality of your home. For more information of what is available for downsizers of the age of 65 go to https://www.moneysmart.gov.au/superannuation-and-retirement/income-sources-in-retirement/selling-the-family-home

Come and inspect this twinkling opportunity at villa 8/40 Diamond Crt. Because you were meant to sparkle.

This property is proudly marketed by First National David Haggarty. For further information or to book your private inspection contact Michael Haggarty 0408 021 921 or Andrew Lange 0403 142 320. First National - We Put You First

Disclaimer: All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries

Property History for 8/40 Diamond Cct, Rutherford, NSW 2320

A timeline of how this property has performed in the market
Last Sold
$366,000
21 Aug 2020
  • 21 Aug 2020
    Sold for $366,000
  • 07 Feb 2020
    Listed for Sale $370,000

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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 6,525 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 27 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.

Suburb Insights for Rutherford 2320

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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.