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Back 30 Margaret Street
Off Market

30 Margaret Street

Mayfield East NSW 2304

7
4
3
1057 m²
Block of units
Craig AndriessenCraig Andriessen, last sold this property on 15 September 2026 after 13 days on market.

Overview

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.

Features

7 bedrooms
4 bathrooms
3 carspaces
3 garage spaces
1057 m² lot size
Block of units

Estimated Value

We need at least 3 similar 7 bedroom block of units sold in Mayfield East over the last 12 months.

Property history for 30 Margaret Street

2026
Sold
Undisclosed
15 Sep 2026 by Craig Andriessen, of Andriessen Property

Happy sellers in Mayfield East

87%
87% of sellers in Mayfield East reported that their sale price either exceeded or met their price expectations.

Mayfield East stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Mayfield East over the last 12 months.

Local market activity for 7 bedroom block of units in Mayfield East

Nearby agents

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Tarra Cox

Sellers who recommend Tarra Cox have praised them for being clear communication, local expert, responsive, friendly, pleasant, supportive and well-prepared

  •   5   (91 reviews)
  •  3 Reviews in Mayfield East
  •  2 Sales in Mayfield East
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Ryan Gifford

Ryan Gifford is a recommended agent for Mayfield East.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (93 reviews)
  •  2 Reviews in Mayfield East
  •  2 Sales in Mayfield East
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Joel Soldado

Joel Soldado is an award winning recommended agent for Mayfield East.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   4.9   (255 reviews)
  •  1 Review in Mayfield East
  •  2 Sales in Mayfield East
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Joshua Lloyd

Sellers who recommend Joshua Lloyd have praised them for being clear communication, local expert, honest, responsive, dedicated, supportive and proactive

  •   4.8   (119 reviews)
  •  1 Review in Mayfield East
  •  1 Sale in Mayfield East
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