23 Thomas StreetWallsend NSW 2287
Property Details for 23 Thomas St, Wallsend
23 Thomas St, Wallsend is a 4 bedroom, 2 bathroom House and was built in 1930. The property has a land size of 1052m2 and floor size of 170m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 4 bedroom House sold in Wallsend in the last 12 months.
Last Listing description (September 2024)
This rare offering features two well-appointed units as a single level house returning a dual income in a central location, making it an ideal choice for investors seeking strong rental returns with future potential to sub-divide the block & build a residence at the rear or knock down the home & develop this huge level block into 5 villas like next door. Situated in a prime location, this is one of the last remaining big parcels of land in Wallsend.
Unit 1
- Two spacious bedrooms that come with large built-in wardrobes and ceiling fans, providing plenty of storage and comfort.
- The kitchen is equipped with electric cooking, offering functionality and ease.
- A well-maintained bathroom and internal laundry cater to your daily needs.
- Convenient off-street parking available for added security and peace of mind.
- Currently returning $450 Per Week & Lease expires 26/06/25.
Unit 2
- Featuring two large bedrooms both fitted with built-in wardrobes, ensuring ample storage space for your personal belongings.
- The generous oversized living area is air-conditioned, providing year-round comfort for you and your guests.
- The updated bathroom is bright and airy, filled with natural light.
- The kitchen boasts ample cupboard space and modern amenities, perfect for everyday cooking.
- The internal laundry offers direct access to the backyard, adding to the unit's convenience.
- A single carport is available, with plenty of on-street parking for additional vehicles.
- Enjoy your morning coffee or relax in the private rear sitting area, overlooking the shared backyard space.
- Currently returning $410 Per Week on an expired lease on a week-to-week basis with great tenants that would love to stay.
The big spacious backyard also includes two separate garages currently used by the owner as extra storage or utilise for tenant use to increase the weekly rental return.
Land Size Approx. 1052m2 - (20.7m Frontage & 50.2m Depth)
Land Rates Approx. $523 Per Quarter
Water Rates Approx. $305 Per Quarter
Currently returning a combined amount of $860 per week. With potential for a rental increase in the future for a higher yield.
Situated in the central neighbourhood of Wallsend, as you'll have easy access to Wallsend Village; supplying supermarkets, local gym and medical centres. The Newcastle Inner City Bypass makes commuting a breeze whilst being just a short distance to John Hunter Hospital, The University of Newcastle and only a 20-minute drive to Newcastle CBD and its beautiful beaches.
Don't miss out on this incredible opportunity! Whether you're an investor looking for a solid return or a family needing flexible living arrangements or a developer looking for a great site & project, this property ticks all the boxes. Contact us today to arrange a viewing and secure your future.
For further information contact the local area's first choice for real estate Troy Duncan on 4950 8555
First National Real Estate Lake Macquarie are your local experts for the Lake Macquarie and Newcastle area, we proudly market this home and are always looking for more homes to sell. If you would like honest, expert advice to achieve excellent results, call us on 4950 8555 to discuss your home.
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. 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 23 Thomas St, Wallsend, NSW 2287
- 06 Sep 2024Sold for $996,000
- 16 Aug 2024Listed for Sale Not Disclosed
- 20 Apr 1994Sold for $140,000
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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 6,680 properties. Over the last 5 years, Houses in Wallsend have seen a 71.22% increase in median value, while Units have seen a 55.67% increase. As at 31 August 2024:
- The median value for Houses in Wallsend is $770,036 while the median value for Units is $579,802.
- Houses have a median rent of $580 while Units have a median rent of $530.
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