OFF MARKET

37 Norman Street
Waratah West NSW 2298

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 196m2
Land area: 576m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 11 Nov 2024
Low

High
Save

Property Details for 37 Norman St, Waratah West

37 Norman St, Waratah West is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 576m2 and floor size of 196m2. While the property is not currently for sale or for rent, it was last sold in February 2019.

Building Type
House
Year Built
1960
Floor Size
196m2
Land Size
576m2
Local Government
Newcastle
Lot/Plan
182/DP24977

Last Listing description (April 2019)

An ideal investment or a profitable one to add to your portfolio. Established Student Accommodation located within sight of Callaghan Campus returning approximately $75,000 per annum, currently tenanted at $1,500 total per week approximately.
This property has been purpose designed for student accommodation and has been fully tenanted since it s creation 5 years ago. All leases are in place and return stays constant throughout the change of hands. With entrances from Norman Street and Delauret Square, the home has quality furnishings throughout with easy management and rental systems in place.
A renovated and extended 8-bedroom house with 2 bathrooms, dual hob kitchen, generous common areas plus commercial laundry setup and third toilet. The property was completely rewired and re-plumbed approximately 3 years ago.

Bedrooms are zoned front, middle and rear to optimize the use of common areas while maintaining privacy. All bedrooms are modern, secure and fully furnished with a double bed and mattress, side tables and lamps, built-in wardrobe and study desk with lamp and ergonomic chair, personal bar fridge, Television plus ceiling fan. The exception is room 4 which has a king single bed and standalone desk. There are approximately 7 double power points per room, hard wired smoke detectors and TV connections.
Entry via Norman Street will bring you into a foyer with sensor and safety exit lighting. There are two modern bathrooms before coming to a large kitchen. The kitchen includes a common fridge and dual cooktops and exhausts. A modern fan forced oven sits under one cooktop.
The common area expands to include a dining table with bench seating for 8 plus. The laundry is complete with a commercial stacker washer dryer and is accessed from the dining room as is a third toilet. There is also a side entrance to the house.
The dining area flows into a living area with a conversation area and comfortable leather lounges facing a flat screen TV. There is also gas heating and a ceiling fan.
The rear sliding doors open onto a balcony with outdoor seating and gas barbeque. From the balcony the university is clearly seen. The backyard is grassed, shaded and inviting. There is a clothes line and a fresh water tank. Access to Delauret Square is through a security gate. There is convenient public transport 200 metres from the back gate.
The house has easily maintained polished floorboards throughout, except for the tiled bathrooms. Bedrooms are equally floorboarded or carpeted.
The side driveway leads to a concrete parking area for 4 cars. Under the back balcony there are lock boxes installed and a storage room for use by tenants and landlord. Tenants can store bicycles and large items.
This is a business set up by a couple with a long and successful history in short term and serviced accommodation. Rent is currently done by fortnightly bank transfer. The premises are cleaned weekly and presents in almost new condition.
INSPECTION BY APPOINTMENT ONLY.
Contact Joe Di Claudio on 0412 251 434 or (02) 4960 0499 for more information.
Dowling Mayfield are your local Real Estate experts. We have a large data base of clients, buyers and landlords, always looking for their next Real Estate purchase. If you have been thinking of selling, chances are we already have the buyer for your property. Please call us today on (02) 4960 0499 to receive specialist advice on your home or investment property.

Property History for 37 Norman St, Waratah West, NSW 2298

A timeline of how this property has performed in the market
Last Sold
$815,000
12 Feb 2019
  • 12 Feb 2019
    Sold for $815,000
  • 22 Aug 2018
    Listed for Sale Price Guide $820,000-$870,000
  • 25 Jan 2013
    Sold for $320,000
Sign in to see more transactions

Commute Calculator

About Waratah West 2298

The size of Waratah West is approximately 1.7 square kilometres. It has 11 parks covering nearly 25.8% of total area. The population of Waratah West in 2011 was 2,676 people. By 2016 the population was 3,000 showing a population growth of 12.1% in the area during that time. The predominant age group in Waratah West is 20-29 years. Households in Waratah West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Waratah West work in a professional occupation. In 2011, 60.4% of the homes in Waratah West were owner-occupied compared with 55.6% in 2016.

Waratah West has 1,319 properties. Over the last 5 years, Houses in Waratah West have seen a 71.26% increase in median value, while Units have seen a 43.29% increase. As at 31 October 2024:

  • The median value for Houses in Waratah West is $843,824 while the median value for Units is $597,434.
  • Houses have a median rent of $593 while Units have a median rent of $545.
There are currently 4 properties listed for sale, and 2 properties listed for rent in Waratah west on OnTheHouse. According to CoreLogic's data, 73 properties were sold in the past 12 months in Waratah west.

Suburb Insights for Waratah West 2298

Market Insights
Waratah West 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
Waratah West 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.