Rental Insights
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Source: stashproperty.com.au
Development Stats
2024
175
300
About the Property
Renovated with style and flair steps from Beaumont Street
Welcome to this beautifully renovated double-fronted home that has undergone a stunning transformation from top to bottom, ensuring a modern living space that will capture your heart from the moment you step inside. Paying homage to its original c.1910 charm, this home maintains its character with timber lined ceilings and walls, picture rails, and colourful glass windows in the front bedrooms.
As you step onto the front verandah and through the charming pink front door, you’re greeted by 10 ft ceilings stretching over new hybrid flooring in the hallway and living areas, complemented by plush new carpet in all three bedrooms. The brand new Caesarstone kitchen is sure to impress, alongside the simply gorgeous full-size bathroom featuring a freestanding bath and walk-in shower adorned with brushed brass tapware and pops of pink subway tiles.
Step outside through the French doors onto the covered deck, a perfect spot for hosting barbecues or enjoying drinks with friends. The built-in sink adds convenience, while a versatile utility room awaits your creative touch, whether you envision it as a home office, games room, or art studio.
Located in a prime walk-to-everywhere address, you can easily explore the culinary delights of Beaumont Street, relax in Gregson Park, or shop for fresh produce at the Newcastle Farmers’ Market. With Newcastle CBD and its beaches just a quick 10-minute drive away, and Hamilton Station nearby for further travel, convenience meets charm in this delightful home.
– Fully renovated double fronted home in quiet no-through street
– Great street appeal behind tiled pathway, fresh landscaping, decked verandah
– Air-conditioned open plan living with hybrid floors and French doors connecting to deck
– Caesarstone kitchen with 4-burner gas cooktop, brushed brass double sink
– Three carpeted and robed bedrooms
– Stunning bathroom with freestanding bath, walk-in shower, in-wall w/c
– Partially covered deck with built-in sink, fenced yard, versatile utility room, garden shed
– Walk to Aldi, cafes, pubs, retail stores, transport, and Hamilton Public School
– 800m to Hamilton Station, 2.6km to Marketown, 4km to Bar Beach
Potential Rental Return: *$750 – $800 per week
Council Rates: *$3,200 pa
Water Rates: *$916 pa + usage
*Approximates only
From the domain.com.au listing
Source: stashproperty.com.au
About the Suburb
Hamilton, NSW 2303 is a vibrant suburb with a population of 4,614 residents. The suburb has a good mix of age groups, with a significant portion of residents falling in the 20 to 34 years age range (1,345 residents) and the 45 to 64 years age range (1,108 residents). The suburb also has a high number of young families, with 160 children aged 0 to 4 years and 539 children aged 5 to 19 years. Hamilton offers a range of commuting options, with 15 residents using trains, 44 residents using buses or ferries, and 1,239 residents commuting by motor vehicle. Additionally, 676 residents have the option to work from home.
Hamilton presents potential investment opportunities in both houses and units. With 1,585 houses and 679 units in the suburb, it offers a variety of property options. The median house price in Hamilton is $900,000, with a sale price range of $630,000 to $1,950,000. The median unit price is $676,000, with a sale price range of $370,000 to $985,000. The suburb has a relatively high sale price IQR ratio of 31.7%, indicating a potential for finding renovators. The market absorption rate of 33.3% suggests high demand and the possibility of rising home prices. The suburb also has a low vacancy rate of 0.9%, indicating a strong rental market. Investors can expect a rental yield of 3.7% for houses and 4.0% for units. Room demand in Hamilton is high, with a demand-supply ratio of 668.8%. The suburb has an online search interest score of 3,216, indicating strong buyer demand. Hamilton also offers good infrastructure, including shopping, education, and public transport facilities.
Hamilton, NSW 2303 is a bustling suburb with a diverse population. It is an attractive option for both home buyers and investors. The suburb offers a range of properties, from houses to units, with median prices of $900,000 and $676,000 respectively. Investors can take advantage of the potential for finding renovators, the high market absorption rate, and the strong rental market with a low vacancy rate. Hamilton’s good mix of demographics, infrastructure, and high online search interest make it a desirable suburb for investment. Additionally, the suburb provides convenient commuting options and opportunities for remote work. Overall, Hamilton presents a promising opportunity for individuals looking to live or invest in a thriving suburb.
Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Suburb Median
Vacancy Rate
