OFF MARKET

74 Macquarie Street
Wallsend NSW 2287

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 125m2
Land area: 480m2
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Property Details for 74 Macquarie St, Wallsend

74 Macquarie St, Wallsend is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 480m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in August 2023.

Building Type
House
Year Built
1950
Floor Size
125m2
Land Size
480m2
Local Government
Newcastle
Lot/Plan
20/DP1235994

Last Listing description (August 2023)

Introducing a fantastic investment opportunity in the vibrant suburb of Wallsend! This property presents a dual occupancy setup, featuring a spacious two-bedroom unit and a comfortable one-bedroom unit, both offering excellent rental potential.

One of the standout features of this property is the separate water and electricity metering for each unit, ensuring convenience and flexibility for both tenants and landlords. This arrangement allows for efficient tracking of utility consumption and ensures fair billing.

With a potential rental return of $700-$750 per week, this property promises a strong and steady income stream. Savvy investors will appreciate the appealing rental yield and the prospect of maximizing their returns.

Inside the units, you'll find a range of amenities that enhance the living experience. The bedrooms in both units are equipped with ceiling fans, providing a cool and comfortable environment during warm summer months. Additionally, reverse cycle air-conditioning systems have been installed in both units, ensuring year-round comfort regardless of the weather.

Recent renovations have added a fresh touch to the property, as it has been tastefully painted throughout. This update not only enhances the overall appeal of the units but also ensures a modern and inviting atmosphere for prospective tenants.

Location-wise, this property couldn't be more ideal. Situated within walking distance of Wallsend's vibrant amenities, residents will enjoy easy access to shops, cafes, restaurants, parks, and public transportation. This sought-after convenience ensures a desirable lifestyle for tenants and potentially attracts a wide range of prospective occupants.

Overall, this property offers an excellent investment opportunity, thanks to its dual occupancy configuration, separate utility metering, attractive rental return potential, and prime location. Don't miss out on this chance to add a promising asset to your portfolio.

- Two Separately metered units
- Reverse cycle A/C in living spaces
- Recently re-painted throughout
- Currently Leased for $655 until January 2024

Land size: Approx 462m2
Rates: Approx $474/qtr
Rent: $700 - $750

Property History for 74 Macquarie St, Wallsend, NSW 2287

A timeline of how this property has performed in the market
Last Sold
$665,000
02 Aug 2023
Listed for Rent
$230/w
06 Jan 2020
  • 02 Aug 2023
    Sold for $665,000
  • 13 Jun 2023
    Listed for Sale $650,000 - $690,000
  • 07 Nov 2022
    Listed for Sale Guide $495,000 - $540,000
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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 6,595 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 17 properties listed for sale, and 14 properties listed for rent in Wallsend on OnTheHouse. According to CoreLogic's data, 285 properties were sold in the past 12 months in Wallsend.

Suburb Insights for Wallsend 2287

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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.