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Back 40 Margaret Street
Off Market

40 Margaret Street

Mayfield East NSW 2304

8
2
4
690 m²
House
Last sold for $1,060,000
Lance JensenLance Jensen, last sold this property on 13 February 2026 after 15 days on market.

Overview

Opportunity Knocks

Centrally located in one of Newcastle's fastest growing inner-city suburbs. This property offers incredible flexibility as there is the potential to lease out the existing property whilst obtaining DA approval for a multitude of development opportunities (dependent on NCC approval). Situated on a flat block approximately 690sqm with side access to the back of the block providing you with a blank canvas to bring your dreams to life. This is a good hardwood framed house with good sized rooms. You could potentially rent out all eight bedrooms (as they all have a kitchenette) - or embrace the opportunity to strip the home and fully renovate and create a perfect home. Located near this property: Waratah Train Station 3km away Industrial Drive less than 500m away Newcastle Tafe 2km Schools: Mayfield East Public School (530m) , St Dominic's College (640m), Callaghan College Waratah Technology Campus (1.87km) Sporting and recreational Awabakal Park (1km), Mayfield Bowling Club (750m), Mayfield Swimming Centre (750m) Opportunities like this don't come by very often. Everything is at your doorstep, this is a must see. Disclaimer: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions, and exclusions.

Features

8 bedrooms
2 bathrooms
4 carspaces
690 m² lot size
House

Estimated Value

We need at least 3 similar 8 bedroom houses sold in Mayfield East over the last 12 months.

Property history for 40 Margaret Street

2026
Sold
$1,060,000
Private Sale/Treaty on 13 Feb 2026 by Lance Jensen, of Lance Jensen & Associates Real Estate

Happy sellers in Mayfield East

90%
90% 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 4 reviews in Mayfield East over the last 12 months.

Local market activity for 8 bedroom houses in Mayfield East

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Mayfield East

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Joel Soldado

Joel Soldado is an award winning recommended agent for Mayfield East.  They have 3 local sales and collected 2 local reviews across the last 12 months.

  •   4.9   (252 reviews)
  •  2 Reviews in Mayfield East
  •  3 Sales in Mayfield East
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Tarra Cox

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

  •   5   (81 reviews)
  •  2 Reviews in Mayfield East
  •  2 Sales in Mayfield East
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Kristal Sawtell

Sellers who recommend Kristal Sawtell have praised them for being clear communication and local expert

  •   5   (67 reviews)
  •  1 Review in Mayfield East
  •  1 Sale in Mayfield East
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Ryan Gifford

Ryan Gifford is a recommended agent for Mayfield East.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (90 reviews)
  •  1 Review in Mayfield East
  •  1 Sale in Mayfield East
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