2 Lavender StreetCessnock NSW 2325
Property Details for 2 Lavender St, Cessnock
2 Lavender St, Cessnock is a 2 bedroom, 1 bathroom House with 2 parking spaces and was built in 1990. The property has a land size of 1037m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in August 2018.
Last Listing description (October 2021)
If you are looking for the perfect investment opportunity then look no further than 2 Lavender Street, Cessnock. With multiple development opportunities for this property this one is not to be missed!
For future details on this properties highest and best future use please view the planning NSW links below.
Both units are currently being leased to long term tenants.
Unit 1 currently returning $210 per week- Fixed term lease ending 14/5/19
Unit 2 currently returning $220 per week- Fixed term lease ended.
A summary of this properties features:
- 4 bedrooms, 2 bathrooms, 2 kitchens & dining, 2 living rooms & 2 carports.
- 1,036sqm block, 2.1km to Cessnock CBD.
- Combined Gross yearly rental income (as of 12 months to 31/5/18) =$22,580
- Combined Net yearly rental income (as of 12 months to 31/5/18) = $15,886.20
Out Goings
-Council rates $2186.13 pa
-Hunter Water $1,027.79 pa less one quarter
-Insurance $1,700 pa
https://www.legislation.nsw.gov.au/EPIs/2018-132.pdf
http://www.planning.nsw.gov.au/Policy-andLegislation/Housing/~/media/56B9F795CFD44E71812332AFD30799E1.ashx
To find out more about this amazing opportunity please feel free to contact Bryce Gibson on 0422227668, Skye Hunter on 0413200727 or Brendon Smith on 0418146370.
Property History for 2 Lavender St, Cessnock, NSW 2325
- 30 Sep 2021Listed for Sale Sold
- 09 Aug 2018Sold for $357,500
- 14 Jun 2018Listed for Sale $355,000
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0About Cessnock 2325
The size of Cessnock is approximately 35.6 square kilometres. There are 19 parks, covering nearly 10.7% of the total area. The population of Cessnock in 2016 was 15177 people. By 2021 the population was 16300 showing a population growth of 7.4% in the area during that time. The predominant age group in Cessnock is 30-39 years. Households in Cessnock are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cessnock work in a trades occupation.In 2021, 58.70% of the homes in Cessnock were owner-occupied compared with 57.30% in 2016.
Cessnock has 8,228 properties. Over the last 5 years, Houses in Cessnock have seen a 67.26% increase in median value, while Units have seen a 55.92% increase. As at 30 June 2026:
- The median value for Houses in Cessnock is $707,484 while the median value for Units is $524,977.
- Houses have a median rent of $570 while Units have a median rent of $490.
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