44 Murray Street, East Maitland, NSW 2323 - More Details
PROPERTY PREVIEW
PROPERTY BREAKDOWN
Unit 1
1 Bedroom | 1 Bathroom | 1 Carport
Currently leased for $385 per week (Lease expires 24 September 2026)
Estimated Market Rent: $400 per week
Unit 2
1 Bedroom | 1 Bathroom | 1 Carport
Currently leased for $365 per week (Periodic lease – original lease expired 2024)
Estimated Market Rent: $400 per week
Unit 3
1 Bedroom | 1 Bathroom | 1 Carport
Currently leased for $365 per week (Periodic lease – original lease expired 2023)
Estimated Market Rent: $400 per week
Unit 4
2 Bedrooms | 1 Bathroom | 1 Carport
Currently leased for $375 per week (Periodic lease – original lease expired 2023)
Estimated Market Rent: $500 per week
Unit 5
2 Bedrooms | 1 Bathroom | 1 Carport
Currently leased for $375 per week (Periodic lease – original lease expired 2019)
Estimated Market Rent: $500 per week
Income Summary
Current Rental Income
$1,865 per week | $96,980 per annum
Estimated Market Rental Income
$2,200 per week | $114,400 per annum
Outgoings (Entire Property)
Council Rates: Approximately $6,028 per annum
Water Rates: Approximately $4,067.64 per annum (Owner currently pays water usage)
Property Highlights
- Five separately leased units positioned on a substantial 1,182sqm parcel with rear lane access and exceptional development potential (Subject to Council Approval).
- Premium Blue Chip East Maitland location just metres from East Maitland Golf Club, quality schools, Victoria Street Train Station, shopping centres and Maitland Hospital.
- R1 General Residential zoning, providing outstanding future flexibility and a range of residential development opportunities (STCA).
- Significant opportunity to substantially increase rental returns through bringing rents in line with current market levels.
- Comprising three 1-bedroom units, each with a bathroom and living area.
- Comprising two 2-bedroom units, each with a bathroom and generous living spaces.
- Five undercover carports, plus an additional three-car garage currently utilised by the owners, with potential to be allocated to one of the units to further enhance rental appeal.
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Comprising five separately leased units on a substantial 1182 sqm parcel of land, this outstanding East Maitland investment presents an exceptional opportunity to secure an established income stream with significant future potential. Currently generating a strong weekly return, while also offering scope for further development or value add opportunities (subject to Council approval), this is the type of asset that rarely becomes available.
The property is currently returning an impressive $1830 per week ($95,160 per annum). Unit 1 is leased for $365 per week, while Units 2 and 3, also comprising one bedroom, one bathroom, a living room and a single carport, return $350 and $365 per week respectively. Units 4 and 5 each offer two bedrooms, one bathroom, a living space and a single carport, with both currently leased for $375 per week. Please note the owner pays the water charges as the units are not separately metered.
Conveniently positioned in East Maitland, this address places Lawes Street's cafés, shops and everyday conveniences within easy reach, while Victoria Street Train Station is just moments away for effortless commuting. Green Hills Shopping Centre and Maitland's CBD are only a short drive away, with Newcastle's coastline and the renowned Hunter Valley also comfortably accessible.
Units 1 and 2 are both weatherboard residences with covered front porches and interiors featuring high ceilings, living areas and practical kitchens with freestanding ovens. Both units offer bedrooms which are serviced by well appointed bathrooms and a shared laundry.
Unit 3 provides another one bedroom layout, featuring timber and carpet flooring, roller blinds, Daikin split system air conditioning in the living area, a functional kitchen with ample storage, and a bedroom complete with a built-in robe and an ensuite.
Units 4 and 5 each offer two bedroom floorplans with spacious living areas, practical kitchens with generous storage and freestanding Westinghouse ovens, and functional bathrooms. Both continue to provide reliable accommodation, with built-in robes for convenient storage.
Off street parking is accommodated with five undercover carports plus an attached double garage accessed via the rear laneway, whilst the generous site also presents potential to further enhance rental returns through additional shedding, subject to the necessary approvals.
Whether you're seeking an immediate high yield investment, a long term land banking opportunity or a site with future development potential (subject to Council approval), this unique offering delivers flexibility, impressive returns and outstanding possibilities in a highly convenient East Maitland location. With interest expected from near and far, we encourage our clients to contact the team at Clarke & Co Estate Agents without delay to arrange their inspections.
Why you'll love where you live;
- A short drive or walking distance to Lawes Street shopping precinct and Victoria Street Train Station
- Located just 5 minutes from Green Hills Shopping Centre, offering an impressive range of retail, dining and entertainment options close to home
- 10 minutes to Maitland CBD and the Levee riverside precinct
- 35 minutes to the city lights and sights of Newcastle
- 30 minutes to the gourmet delights of the Hunter Valley Vineyards
Disclaimer:
All information contained herein is gathered from sources we deem to be reliable. However, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
- Type
- House
- Bedrooms
- 7
- Bathrooms
- 5
- Parkings
- 7
- Area
- 1,182 m²
- House Size
- 463 m²
