74 Macquarie StreetWallsend NSW 2287
Property Details for 74 Macquarie St, Wallsend
74 Macquarie St, Wallsend is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 480m2 and floor size of 125m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (August 2023)
Introducing a fantastic investment opportunity in the vibrant suburb of Wallsend! This property presents a dual occupancy setup, featuring a spacious two-bedroom unit and a comfortable one-bedroom unit, both offering excellent rental potential.
One of the standout features of this property is the separate water and electricity metering for each unit, ensuring convenience and flexibility for both tenants and landlords. This arrangement allows for efficient tracking of utility consumption and ensures fair billing.
With a potential rental return of $700-$750 per week, this property promises a strong and steady income stream. Savvy investors will appreciate the appealing rental yield and the prospect of maximizing their returns.
Inside the units, you'll find a range of amenities that enhance the living experience. The bedrooms in both units are equipped with ceiling fans, providing a cool and comfortable environment during warm summer months. Additionally, reverse cycle air-conditioning systems have been installed in both units, ensuring year-round comfort regardless of the weather.
Recent renovations have added a fresh touch to the property, as it has been tastefully painted throughout. This update not only enhances the overall appeal of the units but also ensures a modern and inviting atmosphere for prospective tenants.
Location-wise, this property couldn't be more ideal. Situated within walking distance of Wallsend's vibrant amenities, residents will enjoy easy access to shops, cafes, restaurants, parks, and public transportation. This sought-after convenience ensures a desirable lifestyle for tenants and potentially attracts a wide range of prospective occupants.
Overall, this property offers an excellent investment opportunity, thanks to its dual occupancy configuration, separate utility metering, attractive rental return potential, and prime location. Don't miss out on this chance to add a promising asset to your portfolio.
- Two Separately metered units
- Reverse cycle A/C in living spaces
- Recently re-painted throughout
- Currently Leased for $655 until January 2024
Land size: Approx 462m2
Rates: Approx $474/qtr
Rent: $700 - $750
Property History for 74 Macquarie St, Wallsend, NSW 2287
- 02 Aug 2023Sold for $665,000
- 13 Jun 2023Listed for Sale $650,000 - $690,000
- 07 Nov 2022Listed for Sale Guide $495,000 - $540,000
Recent sales nearby
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0About Wallsend 2287
The size of Wallsend is approximately 13.5 square kilometres. There are 41 parks, covering nearly 6.7% of the total area. The population of Wallsend in 2016 was 12470 people. By 2021 the population was 13244 showing a population growth of 6.2% in the area during that time. The predominant age group in Wallsend is 20-29 years. Households in Wallsend are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wallsend work in a professional occupation.In 2021, 59.30% of the homes in Wallsend were owner-occupied compared with 61.20% in 2016.
Wallsend has 6,737 properties. Over the last 5 years, Houses in Wallsend have seen a 48.31% increase in median value, while Units have seen a 55.13% increase. As at 31 May 2026:
- The median value for Houses in Wallsend is $927,033 while the median value for Units is $706,189.
- Houses have a median rent of $660 while Units have a median rent of $600.
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