Fantastic investment opportunity in popular Myspace Newcastle. This unit has plenty to offer to the astute investor who is looking for something set and forget or ideal solution for small business, trade storage or business/personal storage. The features list is extensive:
* 22sqm unit with space with mezzanine.
Strata Rates: $926/year
Council Rates: $785/year
Also on offer is unit 47 with 32sqm and a 20sqm mezzanine. This is currently returning $230/week and is on offer for $165,000.
Located this close to Newcastle city but with easy road access to the valley and the north coast, the potential for future capital growth. The vendor has priced these properties to sell, contact agent for more information today.
Under NSW Public Health order, NSW Government lockdown restrictions, we are unable to conduct open inspections.
Residents from the Greater Sydney, Blue Mountains and Wollongong areas and persons that have visited these areas in the past 14 days, can not attend inspections either private or open under the new 'Stay at Home' orders issued 20/08/21. A permit issued by services NSW will be required from anyone in these mentioned areas under special circumstances. Any persons outside these regions not waiting on a covid test result or have not been to any specified hotspots as outlined by NSW or Hunter New England Health, please contact the sales agent to organise a virtual inspection as an alternative way to view the property. We thank you for your cooperation and look forward to welcoming you back in person soon.
The size of Mayfield West is approximately 2.5 square kilometres. There are 8 parks, covering nearly 8.3% of the total area. The population of Mayfield West in 2016 was 1895 people. By 2021 the population was 1993 showing a population growth of 5.2% in the area during that time. The predominant age group in Mayfield West is 30-39 years. Households in Mayfield West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mayfield West work in a professional occupation.In 2021, 57.90% of the homes in Mayfield West were owner-occupied compared with 58.00% in 2016.
Mayfield West has 1,605 properties. Over the last 5 years, Houses in Mayfield West have seen a 40.45% increase in median value, while Units have seen a 56.50% increase. As at 31 July 2026:
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