Mayfield East, 97 Margaret Street

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Development /Subdivision Potential

Presented to the market for the first time in over 50 years and located in one of Mayfield East's most sought after wide tree lined streets is this period style home set on a huge block. Sitting on a generous lot of approximately 1,020m2 with land dimensions approximately 20m x 50m and set on two titles with dual drive access this property offers the astute developer or investor multiple choices.

The period style family home is spacious and offers 4 generous size bedrooms, formal lounge with french doors that opens out onto the return veranda, separate dining room and original kitchen and bathroom. Features include timber floorboards, french doors, fireplace, high ceilings and return veranda. Great potential to restore and bring this glorious home back to its former glory.

The property is conveniently located within walking distance to Public and Catholic Schools, bus stops, local parks, public pools, local eateries and all amenities.

Easy access to the Industrial Highway provides approximately a 15 minute drive to the CBD and a 20 minute drive to the Newcastle Airport.

- Council Rates approximately $518 per quarter
- Water Rates approximately $175 per quarter
- Potential Rental Return approximately $300 per week in current condition, with minor improvements $370- $380 per week

Contact Maria Di Claudio on 0413 690 105 or (02) 4960 0499 for more information.

Dowling Mayfield are your local Real Estate experts. We have a large data base of clients, buyers and landlords, always looking for their next Real Estate purchase. If you have been thinking of selling, chances are we already have the buyer for your property. Please call us today on (02) 49600499 to receive specialist advice on your home or investment property.

Price Guide $800,000 - $850,000

inspection times

  • Sat, 16th Dec12:00pm - 12:30pm
  • Type: Residential Sale
  • Property Type: House
  • Land Size: 1020 m2

Make an Enquiry

Maria Di Claudio

Maria Di Claudio

P: 4960 0499

E: maria@dowling.com.au

M: 0413 690 105