95-97 Nelson StreetWallsend NSW 2287
Property Details for 95-97 Nelson St, Wallsend
95-97 Nelson St, Wallsend is a 3 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 196m2. While the property is not currently for sale or for rent, it was last sold in December 2015.
Last Listing description (June 2021)
Comprising of both a commercial space and a residential apartment, this main street property will be suitable for a variety of purchasers.
The opportunity lends itself to an investor to benefit from a dual income OR a fantastic chance for a business to occupy the ground floor (when vacant) and keep a passive income from the first floor
The residential apartment consists of three bedrooms, single bathroom, and parking onsite.
The Commercial space does have onsite parking and is approx. 60m2 internally.
Tenancy 1 (Ground floor) $350 per week Plus GST
Tenancy 2 (First floor) $270 per week
TOTAL = $655 per week
Both lease amounts are conservative and invite a review to the incoming investor.
Zoning: B2 Local Centre
Located in the CBD of Wallsend, this opportunity will not last long.
Contact Jesse Mulligan on 0432 160 186
Property History for 95-97 Nelson St, Wallsend, NSW 2287
- 26 Apr 2021Listed for Sale SOLD - Price Withheld
- 01 Feb 2019Listed for Sale $465,000
- 12 Jun 2018Listed for Rent $4,620 / week
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0About 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.
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