OFF MARKET

57 Albert Street
Wickham NSW 2293

Bedrooms: 3
Bathrooms: 4
Car spaces: 3
Land area: 739m2
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Property Details for 57 Albert St, Wickham

57 Albert St, Wickham is a 3 bedroom, 4 bathroom House with 3 parking spaces. The property has a land size of 739m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
House
Land Size
739m2
Local Government
Newcastle
Lot/Plan
1/DP1173447

Last Listing description (August 2022)

Around ten years ago, the old "St Gabriels" Church was converted to an eight-room DA approved boarding house.
The easily managed high yielding Newcastle Boarding House has a consistent record of attracting tenants attracted by its convenient Newcastle Harbourside location. It is minutes to all services, Hamilton/Newcastle interchange, attractive waterways, Shops, personal services, entertainment, sporting facilities, local bus public transport near the front door, park across the road, easy access to airport, spacious indoor and shared outdoor areas. The current gross income is around $153,660 pa.

The Old church property has dual street frontage and sits on an impressive site area of around 739m2. More than double the land size of many of the homes in the surrounding area.

Possible commercial redevelopment opportunities

The current R2 zoning allows for several other uses for the real estate subject to council approved development application. Possible uses include community facilities, education, childcare, medical and tourist/visitor accommodation.

The additional residential property included
There is also a second residential property built fronting Albert St. This is an open plan one-bedroom home with around 65m2 of internal space, including separate dining and lounge areas. Also, it has a large covered outdoor entertainment area with a storage shed at the rear. The property has onsite parking for three cars.

Possible Residential Family Home
There is also the option of taking advantage of the attractive architecture of the old historic church building, with high vaulted ceilings and the emotional sensation of an abundance of space, bright ambience and large 234m2 footprint to convert he current boarding home into your residential family masterpiece.

Property History for 57 Albert St, Wickham, NSW 2293

A timeline of how this property has performed in the market
Last Sold
$2,050,000
18 May 2022
Listed for Rent
$550/w
02 Nov 2019
  • 18 May 2022
    Sold for $2,050,000
  • 24 Sep 2021
    Listed for Sale Contact Agent
  • 14 Oct 2019
    Listed for Rent $550 / week
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About Wickham 2293

The size of Wickham is approximately 0.7 square kilometres. It has 3 parks covering nearly 17.7% of total area. The population of Wickham in 2011 was 953 people. By 2016 the population was 1,108 showing a population growth of 16.3% in the area during that time. The predominant age group in Wickham is 20-29 years. Households in Wickham are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wickham work in a professional occupation. In 2011, 44.8% of the homes in Wickham were owner-occupied compared with 43.3% in 2016.

Wickham has 1,708 properties.

    There are currently 17 properties listed for sale, and 7 properties listed for rent in Wickham on OnTheHouse. According to CoreLogic's data, 81 properties were sold in the past 12 months in Wickham.

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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.