53 Maughan StreetWellington NSW 2820
Property Details for 53 Maughan St, Wellington
53 Maughan St, Wellington is a 12 bedroom, 6 bathroom Unit. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 12 bedroom Unit sold in Wellington in the last 12 months.
Last Listing description (October 2025)
Rare Wellington Investment with Development Upside
The New Exchange - Historic Character with Exceptional Investment Potential.
Discover a rare and unique opportunity to secure a piece of Wellington's rich history with strong current returns and future development upside.
Built in 1916 known locally as The New Exchange, this charming historic double brick complex comprises six well appointed 2 bedroom units, meticulously renovated in 2018/2019 with great respect for the building's architectural integrity and storied past.
Property Highlights:
SCROLL DOWN FOR FULL DESCRIPTION ON EACH UNIT INCLUDING RENT
- 6 x 2 bedroom units, solid double brick construction
- Renovated in 2018/2019, blending modern comfort with historic charm
- Gated complex with remote access for added security and convenience
- Off street parking for all residents within a secure perimeter
- Common area including undercover BBQ area perfect for tenant enjoyment
- Storage room onsite with supplies for ongoing maintenance and touch-ups
- Fully fenced block on approx. 2,224m only half currently developed
- Remaining 1,000m (approximately) of vacant land offers subdivision or development potential (STCA)
- Wal;k through video for each unit available on this site see link
Offering an accessible location, this property presents strong returns, with ample room for growth into the future. The undeveloped portion of the block is fully fenced and cleared, making it a prime candidate for additional dwellings, strata subdivision, or community focused facilities (subject to council approval).
Whether you're a seasoned investor, a developer with vision, or a buyer seeking a low maintenance income generating asset with long-term potential, 53 Maughan Street presents an exceptional and versatile proposition.
Total Land size 2,224M2
Rates $7,018.10
CURRENT RENTAL INCOME - $107,120.00pa
DECEMBER RENTAL INCOME - $112,320.00pa
ALL UNITS WILL BE $360/WEEK BY END OF YEAR
Unit 1
2 Bed - with cupboards, lounge, kitchen, and combined bathroom/laundry
1 x split system plus ceiling fans
1 x parking space & off street parking
RENT - $350/WEEK
LEASE 29/04/25 TO 28/10/25
(RENT INCREASE $360/WEEK OCTOBER 2025)
Unit 2
2 Bed - with cupboards, lounge, separate dining, kitchen, and combined bathroom/laundry
1 x split system plus ceiling fans
1 x parking space & off street parking
RENT - 360/WEEK
LEASE - 17/03/25 TO 16/03/26
Unit 3
2 Bed - with cupboards, lounge, kitchen/dining, and combined bathroom/laundry
2 x split system plus ceiling fans
1 x parking space & off street parking
RENT - $330/WEEK
LEASE - 13/12/24 TO 12/12/25
(INCREASE $360/WEEK DECEMBER 2025)
Unit 4
2 Bed - with cupboards, lounge, kitchen, and combined bathroom/laundry
1 x split system plus ceiling fans
1 x parking space & off street parking
RENT - $330/WEEK
LEASE - 04/11/24 TO 03/02/25
(INCREASE $360/WEEK 15 SEPTEMBER 2025)
Unit 5
2 Bed - with cupboards, lounge, kitchen/dining, and combined bathroom/laundry
2 x split system plus ceiling fans
1 x parking space & off street parking
RENT - $360/WEEK
LEASE - 24/06/25 TO 23/06/26
Unit 6
2 Bed - with cupboards, lounge, kitchen/dining, and combined bathroom/laundry
2 x split system plus ceiling fans
1 x parking space & off street parking
RENT - $330/WEEK
LEASE - 23/08/24 TO 21/02/25
(INCREASE $360/WEEK OCTOBER 2025)
Property History for 53 Maughan St, Wellington, NSW 2820
- 22 Oct 2025Sold for $1,230,000
- 29 Aug 2025Listed for Sale $1.2m
- 17 Oct 2024Listed for Rent $330 per week
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About Wellington 2820
The size of Wellington is approximately 15.9 square kilometres. There are 9 parks, covering nearly 1.6% of the total area. The population of Wellington in 2016 was 4077 people. By 2021 the population was 4096 showing a population growth of 0.5% in the area during that time. The predominant age group in Wellington is 0-9 years. Households in Wellington are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wellington work in a community and personal service occupation.In 2021, 59.20% of the homes in Wellington were owner-occupied compared with 57.70% in 2016.
Wellington has 2,465 properties. Over the last 5 years, Houses in Wellington have seen a 85.20% increase in median value, while Units have seen a 91.33% increase. As at 30 June 2026:
- The median value for Houses in Wellington is $357,173 while the median value for Units is $487,870.
- Houses have a median rent of $433 while Units have a median rent of $250.
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