64a Tramway Dr, West Wallsend is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 2018. The property has a land size of 267m2 and floor size of 97m2. While the property is not currently for sale or for rent, it was last sold in December 2019.
Building completed in 2019 and the property has been recently tenanted with a great tenant at $410 per week. Almost a 5% rental yield. If you are looking for a low maintenance, positive cash flow property investment in a great location then look no further. If you are looking at a low cost downsize to live in or an entry level home for your expanding family this also has you covered.
West Wallsend has steady capital growth year on year with low rental vacancy rates. It is a solid family area with great schools in the precinct and typically less than a 1% vacancy rate.
What an opportunity to acquire a great high returning investment property within easy proximity to the Newcastle University.
At A Glance
3 bedroom, 2 bathroom duplex on Torrens Title
Low maintenance block
Master with ensuite, walk in robe and air conditioner
Open plan main living with air conditioner
Remote access garage with internal access
Stylish kitchen with Stainless steel oven and Caesar stone benchtops
Sydney 1 hour 22mins
Primary School - 3 mins
Public High School - 8 min walk
Westfield Kotara - 22mins
John Hunter Hospital - 19mins
Newcastle Airport - 30mins
Newcastle University - 18mins
Mereweather Beach - 30 mins
The size of West Wallsend is approximately 14 square kilometres. It has 8 parks covering nearly 18.4% of total area. The population of West Wallsend in 2011 was 1,714 people. By 2016 the population was 2,248 showing a population growth of 31.2% in the area during that time. The predominant age group in West Wallsend is 0-9 years. Households in West Wallsend are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in West Wallsend work in a trades occupation. In 2011, 78.4% of the homes in West Wallsend were owner-occupied compared with 74.7% in 2016.
West Wallsend has 1,214 properties. Over the last 5 years, Houses in West Wallsend have seen a 66.66% increase in median value, while Units have seen a 86.18% increase. As at 31 August 2024:
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