OFF MARKET

1-5/100 South Street
Telarah NSW 2320

Bedrooms: 11
Bathrooms: 5
Car spaces: 5
Land area: 1051m2
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Property Details for 1-5/100 South St, Telarah

1-5/100 South St, Telarah is a 11 bedroom, 5 bathroom Unit with 5 parking spaces. The property has a land size of 1051m2.

Building Type
Unit
Land Size
1051m2
Local Government
Maitland

Last Listing description (November 2023)

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The Agent Loves
"A fantastic opportunity awaits with this complex of 5 units for the investor looking for a great investment opportunity which is only minutes to all the conveniences of the Maitland CBD and Rutherford Shopping Centre"

The Location
Residents will love the convenience this location offers, with Telarah's bustling neighbourhood shopping precinct complete with a local butcher, supermarket, newsagency, chemist, and other essentials only a 600m walk away. Additionally, the close proximity to the Maitland CBD and its vibrant Levee Precinct provides easy access to a wide range of dining, shopping, and entertainment options, ensuring residents can enjoy the best of both worlds - a peaceful suburban retreat and the vibrant city centre just a short distance away.

Telarah Local Shops - 1 min (650m)?Maitland CBD - 4 min (2.6km)
Stockland Green Hills - 9 min (8.4km)
Newcastle CBD - 39 min (37.4km)

The Style
These units boast a charming brick and tile construction, with a neat and tidy outdoor area and carport for each resident. The interior of each unit offers a warm and inviting aesthetic through the use of exposed brick feature walls, timber-look flooring and a neutral colour palette.

The Life
Discover an exceptional investment opportunity in Telarah with this block of five units. Consisting of four two-bedroom properties and one three-bedroom unit, these well-designed residences offer comfortable and convenient living spaces.

The units feature kitchen and living areas downstairs, complete with a Panasonic split-system air conditioner and timber-look vinyl flooring in the kitchen. The exposed feature brick walls add a touch of character to each room.

Upstairs, the main bathroom showcases tiled flooring, while the bedrooms are carpeted with large windows and equipped with double built-in wardrobes. Unit five also offers its upstairs front veranda, providing a delightful outdoor retreat.

Residents will appreciate the convenience of having their own laundry room and their own single-car carport, ensuring ample parking space. Additionally, an additional external storage locker provides extra storage capacity for belongings.

The location of these units is highly advantageous, with easy access to public transport and Telarah station within walking distance. The proximity to parks and the local shopping precinct adds to the appeal and convenience of the area.

Another important feature is the school zoning area, zoned for Telarah Public School and Rutherford Technology High School - making it an easy choice for families wanting to reside here.

With their potential for strong rental returns, this block of units presents an enticing opportunity for investors looking to build a comprehensive property portfolio. Take advantage of the accessibility, desirable location, and well-designed living spaces offered by this block of units in Telarah.

Current rental income:
$1,775.00 per week

Potential rental income:
$1,820.00 per week

Lease terms:
Unit 1 $350 pw Expiry: 18.09.2023
Unit 2 $350 pw Expiry: 05.05.2024
Unit 3 $350 pw Expiry: 22.01.2024
Unit 4 $310 pw Expiry: 23.08.2023
Unit 5 $415 pw Expiry: 06.05.2024

SMS 100South to 0428 166 755 for a link to the online property brochure.

Property History for 1-5/100 South St, Telarah, NSW 2320

A timeline of how this property has performed in the market
  • 16 Jun 2023
    Listed for Sale Not Disclosed

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About Telarah 2320

The size of Telarah is approximately 2.1 square kilometres. It has 3 parks covering nearly 2.9% of total area. The population of Telarah in 2011 was 2,225 people. By 2016 the population was 2,323 showing a population growth of 4.4% in the area during that time. The predominant age group in Telarah is 20-29 years. Households in Telarah are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Telarah work in a trades occupation. In 2011, 67.7% of the homes in Telarah were owner-occupied compared with 63.2% in 2016.

Telarah has 1,154 properties. Over the last 5 years, Houses in Telarah have seen a 59.96% increase in median value, while Units have seen a 63.55% increase. As at 31 October 2024:

  • The median value for Houses in Telarah is $580,548 while the median value for Units is $459,784.
  • Houses have a median rent of $530 while Units have a median rent of $250.
There are currently 1 property listed for sale, and 2 properties listed for rent in Telarah on OnTheHouse. According to CoreLogic's data, 47 properties were sold in the past 12 months in Telarah.

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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.