30 Margaret StreetMayfield East NSW 2304
Property Details for 30 Margaret St, Mayfield East
30 Margaret St, Mayfield East is a 7 bedroom, 4 bathroom Unit with 3 parking spaces.
Last Listing description (September 2026)
Four Flats One Outstanding Investment Opportunity
A rare opportunity to secure a fully leased 4 flat investment in a tightly held Mayfield East location. Held by the same family for more than 40 years, this is the type of property that seldom comes to market.
Currently returning approximately $92,000 per annum, with the potential to increase the gross rental income to over $100,000 per annum, the property offers an impressive income stream from day one together with further scope for rental growth.
Unit 1 is a neat and tidy two-bedroom flat featuring two double bedrooms, a comfortable living room, updated kitchen and its own lock-up garage.
Unit 2 is also very well presented and offers one bedroom, a separate living room and updated kitchen.
Units 3 & 4 were constructed in the early 1990s as a duplex pair. Each features two bedrooms, open-plan living and kitchen, bathroom, separate toilet, internal access to a lock-up garage and a private courtyard. Unit 4 was updated in 2024, while Unit 3 is occupied by an exceptional long-term tenant who has called it home for approximately 30 years.
Positioned in an exceptionally quiet street yet wonderfully convenient, the property is within easy reach of Mayfield's shopping precinct, public swimming pool and bowling club, with public transport providing straightforward access into Newcastle CBD.
With 4 established income streams, full occupancy and genuine potential to increase the return, this is an outstanding opportunity for investors seeking a substantial residential holding in one of Newcastle's most convenient and consistently popular suburbs.
Property History for 30 Margaret St, Mayfield East, NSW 2304
- 16 Sep 2026Sold - Price Undisclosed
- 02 Sep 2026Listed for Sale Price Guide $1,700,000
- 30 Apr 2024Listed for Rent $540 Per Week
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0About Mayfield East 2304
The size of Mayfield East is approximately 0.6 square kilometres. There are 2 parks, covering nearly 3.5% of the total area. The population of Mayfield East in 2016 was 1692 people. By 2021 the population was 1794 showing a population growth of 6.0% in the area during that time. The predominant age group in Mayfield East is 30-39 years. Households in Mayfield East are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mayfield East work in a professional occupation.In 2021, 60.50% of the homes in Mayfield East were owner-occupied compared with 60.10% in 2016.
Mayfield East has 891 properties. Over the last 5 years, Houses in Mayfield East have seen a 29.43% increase in median value, while Units have seen a 34.33% increase. As at 31 August 2026:
- The median value for Houses in Mayfield East is $1,082,610 while the median value for Units is $843,662.
- Houses have a median rent of $710 while Units have a median rent of $630.
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