OFF MARKET

1/26A Walford Street
Wallsend NSW 2287

Bedrooms: 4
Bathrooms: 4
Car spaces: 4
Floor area: 151m2
Land area: 258m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 11 Nov 2024
Low

High
Save

Property Details for 1/26a Walford St, Wallsend

1/26a Walford St, Wallsend is a 4 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 2021. The property has a land size of 258m2 and floor size of 151m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
Unit
Year Built
2021
Floor Size
151m2
Land Size
258m2
Local Government
Newcastle
Lot/Plan
1/SP103386

Last Listing description (November 2024)

What an amazing investment opportunity presents itself with this stunning custom designed home offering a guaranteed 5.5% yield ($740per week) for 3-6-9 years or longer is available! The company taking on the lease offers:

- Guaranteed rent for the life of the lease
- All property maintenance & work completed by the tenant company, free of charge!

- WEEKLY property inspections with photos available monthly
- Any damage that occurred will be fully repaired and back to its original condition

Having just been finished construction this brand-new freestanding townhouse will be sold with a fixed lease & is the perfect set and forget type investment. Arriving at the home you are greeted with a lovely fa?ade & a large double garage with drive through access and an abundance of storage. Making your way inside you are greeted with high ceilings, square set cornice, premium lighting, reverse cycle a/c & a spacious open plan living, dining & kitchen. Your kitchen is great showcasing stainless-steel appliances & an abundance of cupboard space. Continuing upstairs you will find a nice study nook & wide hallway leading you throughout. This is surrounded by 4 generous size bedrooms, each room with private ensuite. Making your way outside a low maintenance courtyard awaits with small grass area.

This property is the perfect investment opportunity with fixed long-term tenants GUARANTEEING the lease allowing you to sit back and enjoy the capital growth over the years. For more information on this amazing investment opportunity contact Nick Clarke & his team at Clarke & Co for your next inspection.

COMMON QUESTIONS:
Q1, After I purchase the property can I sell it during the lease period ? YES, you can sell the property at any stage after your purchase. We will even supply you the photos from when you purchased to make the process as easy as possible

Q2, What costs are we up for ? Unlike most of the leaseback models, we don't charge any extremely high management fees so the 5.5% yield is all yours! We do offer property management if you wish to have us manage the home for you.

Q3, What happens if any damage occurs throughout the lease ? Any damage caused to the home is covered by the company leasing the home and will be fixed by them, meaning you have nothing to worry about with tenants. When you receive the property back after the lease has expired it will in a similar condition to when you purchased it.

Q4, What does guaranteed rent mean ? This means the company leasing the property guarantees that the rent will always be paid for the life of the lease. You don't have to worry about tenants being late or losing jobs etc, the lease is always covered by the company.

Q5, Can I move into the home ? This property will be sold with a fixed lease. Once the lease term is up you may choose to move into the property however it will be sold with an initial lease term.

Outgoings:
Council Rate: $1,656 approx. per annum
Water Rate: $804.12 approx. per annum
Strata Rate: $4,111.4 approx. per annum
Rental Return: $740 approx. per week

***Health & Safety Measures are in Place for Open Homes & All Private Inspections

Disclaimer:
All information contained herein is gathered from sources we deem reliable. However, we cannot guarantee its accuracy and act as a messenger only in passing on the details. Interested parties should rely on their own enquiries. Some of our properties are marketed from time to time without price guide at the vendors request. This website may have filtered the property into a price bracket for website functionality purposes. Any personal information given to us during the course of the campaign will be kept on our database for follow up and to market other services and opportunities unless instructed in writing.

Property History for 1/26a Walford St, Wallsend, NSW 2287

A timeline of how this property has performed in the market
Last Sold
$691,050
24 Sep 2021
  • 23 Aug 2024
    Listed for Sale $699,000
  • 24 Sep 2021
    Sold for $691,050
  • 11 Aug 2021
    Listed for Sale $675,000

Commute Calculator

About Wallsend 2287

The size of Wallsend is approximately 13.5 square kilometres. It has 41 parks covering nearly 6.7% of total area. The population of Wallsend in 2011 was 12,308 people. By 2016 the population was 12,458 showing a population growth of 1.2% in the area during that time. The predominant age group in Wallsend is 20-29 years. Households in Wallsend are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wallsend work in a professional occupation. In 2011, 65.5% of the homes in Wallsend were owner-occupied compared with 61.2% in 2016.

Wallsend has 6,600 properties. Over the last 5 years, Houses in Wallsend have seen a 68.79% increase in median value, while Units have seen a 53.05% increase. As at 31 October 2024:

  • The median value for Houses in Wallsend is $775,654 while the median value for Units is $583,035.
  • Houses have a median rent of $590 while Units have a median rent of $545.
There are currently 15 properties listed for sale, and 13 properties listed for rent in Wallsend on OnTheHouse. According to CoreLogic's data, 290 properties were sold in the past 12 months in Wallsend.

Suburb Insights for Wallsend 2287

Market Insights
Wallsend Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Wallsend Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.