OFF MARKET

61 University Drive
Waratah West NSW 2298

Bedrooms: 8
Bathrooms: 3
Car spaces: 4
Floor area: 128m2
Land area: 598m2
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Property Details for 61 University Dr, Waratah West

61 University Dr, Waratah West is a 8 bedroom, 3 bathroom House with 4 parking spaces and was built in 1960. The property has a land size of 598m2 and floor size of 128m2. While the property is not currently for sale or for rent, it was last sold in November 2015.

Building Type
House
Year Built
1960
Floor Size
128m2
Land Size
598m2
Local Government
Newcastle
Lot/Plan
31/DP29831

Last Listing description (September 2016)

Positioned literally across the street from the University, this investment is all about premium location and amazing rental return. The property has been rented out by the room for many years and comes as a complete package with furniture and existing tenancies in place.

The property has been returning an impressive $1,150 per week in combined rent, making it the perfect investment property no what the time of year or the condition of the rental market.

Inside you will find 6 spacious bedrooms with sizable kitchen and 2 bathrooms. Most of the rooms are doubles and have plenty of room for desks, beds and storage. The rear granny flat offers 2 further bedrooms plus separate lounge, bathroom and kitchen facilities.

The easy-care yard provides parking for 4-5 cars but for many students, however the proximity to the University and bus routes mean tenants probably won't even need this. Living this close to the University is a blessing for all students as the cost and availability of parking becomes tighter every year. The easy access means students will always be able to get to and from lectures and exams on time!

This property makes for a terrific rental If you are looking for a place for you kids to stay whilst at Uni. Why not give them some privacy in their own 2 bedroom granny flat and lease the other 6 rooms out to cover all the costs?

If you are looking for cash flow and/or a dynamic boost to your self-managed super fund, make the time to view this amazing home today!

For further enquiries or to arrange an inspection, please contact Dave Lane on 0415 33 22 82.

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Property History for 61 University Dr, Waratah West, NSW 2298

A timeline of how this property has performed in the market
Last Sold
$530,000
06 Nov 2015
  • 06 Nov 2015
    Sold for $530,000
  • 22 Sep 2015
    Listed for Sale OFFERS OVER $520,000
  • 03 Nov 2007
    Sold for $275,000
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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 6 properties listed for sale, and 2 properties listed for rent in Waratah west on OnTheHouse. According to CoreLogic's data, 74 properties were sold in the past 12 months in Waratah west.

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