7/291 Sandgate RoadShortland NSW 2307
Property Details for 7/291 Sandgate Rd, Shortland
7/291 Sandgate Rd, Shortland is a 1 bedroom, 1 bathroom Unit.
Last Listing description (May 2023)
This a studio unit being sold under company title and it is a rare investment opportunity with a high yield rent return of $330 per week.
Positioned within an easy walking distance to Newcastle university, across the road from the service shopping centre of Shortland and public transport is at your door.
Design of the property is of a high quality. You will find a modern well appointed kitchen with generous bench space and cupboards, ceran cooktop with a stainless steel sink.
Your private bathroom has a full size glass shower, vanity and internal W.C, a window for natural light & ventilation plus a strong exhaust system. Shared laundry facilities are available.
The open plan design will suit a busy lifestyle for transit workers, student living or an affordable entry level into the property market. Your new unit is fully furnished with full rental history on the property available.
Opportunities at this price point are extremely rare. Combine this with the high profile position plus the growth around the internationally renowned Newcastle university makes for a plus buying opportunity.
Property History for 7/291 Sandgate Rd, Shortland, NSW 2307
- 27 Mar 2023Listed for Sale $260,000
Recent sales nearby
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About Shortland 2307
The size of Shortland is approximately 6.1 square kilometres. There are 11 parks, covering nearly 23.5% of the total area. The population of Shortland in 2016 was 3905 people. By 2021 the population was 4537 showing a population growth of 16.2% in the area during that time. The predominant age group in Shortland is 20-29 years. Households in Shortland are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Shortland work in a professional occupation.In 2021, 55.60% of the homes in Shortland were owner-occupied compared with 61.70% in 2016.
Shortland has 2,122 properties. Over the last 5 years, Houses in Shortland have seen a 60.95% increase in median value, while Units have seen a 50.24% increase. As at 30 April 2026:
- The median value for Houses in Shortland is $847,790 while the median value for Units is $729,510.
- Houses have a median rent of $625 while Units have a median rent of $680.
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