255 Maitland RoadCessnock NSW 2325
Property Details for 255 Maitland Rd, Cessnock
255 Maitland Rd, Cessnock is a 1 bedroom, 1 bathroom Unit with 3 parking spaces and was built in 1920. The property has a land size of 856m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in May 2024.
Last Listing description (October 2023)
255 MAITLAND ROAD & 25 DOWLAN LANE, CESSNOCK
MAIN HOUSE - Fronting Maitland Road
- Beautiful features with ornate ceilings, exposed brick work and stunning archways
- Modern galley style kitchen with separate dining space
- Clean and tidy bathroom with second toilet
- Lounge area with A/C
- Low maintenance, fully fenced yard space with garden shed and double carport
- Currently leased at $430/week with tenants in lease until January 2024
- Potential for rent growth with current market rent value $480/week
GRANNY FLAT - Fronting Dowlan Lane
- One bedroom
- Open plan kitchen, dining & living
- Comfortable bathroom with shower only
- Low maintenance yard space, single carport and garden shed
- Currently leased at $310/week with tenant in lease until March 2024
THE PACKAGE
- Total return of $740/week, immediate return on investment!
- Both tenants currently in lease until early 2024
- Total site size of 841m2
- Only 500m from the CBD of Cessnock, close to East Cessnock Bowling Club, East End Oval and Bridges Hill Park
- Potential to subdivide block STCA
PLEASE NOTE: Photos were taken of both properties prior to the current tenancies commencing
Property History for 255 Maitland Rd, Cessnock, NSW 2325
- 03 May 2024Sold for $690,000
- 22 Sep 2023Sold for $670,000
- 30 Jun 2023Listed for Sale Not Disclosed
Recent sales nearby
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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 8,213 properties. Over the last 5 years, Houses in Cessnock have seen a 72.39% increase in median value, while Units have seen a 58.17% increase. As at 31 May 2026:
- The median value for Houses in Cessnock is $700,850 while the median value for Units is $519,813.
- Houses have a median rent of $565 while Units have a median rent of $480.
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