PROMINENT MAIN ROAD LOCATION
The property is located on the eastern side of Maitland Road approximately 100 metres south of Elizabeth Street and directly opposite the TAFE in Tighes Hill. The suburb of Tighes Hill is located about 5km north-west of Newcastle CBD and port facilities.
Current improvements on site are a former Beaurepairs Tyre Centre. The site is suitable for redevelopment for a multitude of retail, commercial or a mixed use development incorporating some residential component which is permissible under the current zoning (subject to Newcastle City Council Approval).
The size of Tighes Hill is approximately 1.7 square kilometres. It has 4 parks covering nearly 1.9% of total area. The population of Tighes Hill in 2011 was 1,615 people. By 2016 the population was 1,677 showing a population growth of 3.8% in the area during that time. The predominant age group in Tighes Hill is 30-39 years. Households in Tighes Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tighes Hill work in a professional occupation. In 2011, 62.9% of the homes in Tighes Hill were owner-occupied compared with 62.1% in 2016.
Tighes Hill has 953 properties. Over the last 5 years, Houses in Tighes Hill have seen a 58.26% increase in median value, while Units have seen a 32.38% increase. As at 30 November 2024:
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