Back 9 Margaret Street
Off Market

9 Margaret Street

Cessnock NSW 2325

2
2
809 m²
House
Last sold for $230,000
Michael CleavesMichael Cleaves, last sold this property on 28 November 2016 after 207 days on market.

Overview

2-For-1 Lifestyle Or Investment Opportunity

An opportunity exists to purchase this weatherboard dwelling that needs alot of work but has a great income with good rental history($310 per week). Set on a nice block close to school , transport and the CBD. Each flat is self contained with a big bedroom matching the other living room in size. Total block size is 809 sq.m. with zoning as " R3 Medium Density Residential". Income $16,120 per annum. Council Rates $2,100per annum and Water Rates $1,720 per annum.

Features

2 bedrooms
2 bathrooms
809 m² lot size
House

Estimated Value

Based on this property and similar 2 bedroom houses sold in Cessnock over the last 12 months, the estimated median property value of 9 Margaret Street is $590k.

Median value
$590k
Estimated value range
$370k - $725.5k
Median days on market
26
Estimated value trend
5%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Cessnock. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 9 Margaret Street

2018
Rented
Undisclosed
Leased on 16 Mar 2018
2018
Rented
Undisclosed
Leased on 15 Mar 2018 by Thompson & Clarke Real Estate
2016
Sold
$230,000
Private Sale/Treaty on 28 Nov 2016 by Michael Cleaves, of Raine & Horne Cessnock

Happy sellers in Cessnock

88%
88% of sellers in Cessnock reported that their sale price either exceeded or met their price expectations.

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

This is based on voluntary sentiment collected from 60 reviews in Cessnock over the last 12 months.

Local market activity for 2 bedroom houses in Cessnock

In the last 12 months, 31 two-bedroom houses similar to 9 Margaret Street, have been sold.

This represents a 7% decrease in two-bedroom houses sales when compared to the previous 12 months.

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