1 Shelley Close, Mayfield NSW 2304

1 Shelley Close, Mayfield NSW 2304
Brick and tile on quiet Mayfield pocket | north-facing alfresco | three-way bathroom refresh | 306sqm low-maintenance block This property offers a rare combination of a low-maintenance 306sqm block and a thoughtfully updated interior in a quiet Mayfield pocket, which strengthens a buyerโ€™s negotiating position relative to comparable listings. The open plan living with new floating floors and a modern kitchen, including induction cooktop and dishwasher, reduces immediate capital outlay. The north-facing covered alfresco area extends usable living space without adding land cost. The three-way refurbished bathroom and air conditioning in key rooms are practical upgrades that appeal to owner-occupiers seeking immediate comfort. This house best suits first-home buyers or downsizers wanting a move-in ready home with minimal upkeep, and the strong suburb growth of 13.7% supports medium-term value retention. The 82sqm building coverage on a 306sqm block limits future extension potential, which constrains capital growth for investors seeking land-banking opportunities. The single car space and garage may be a constraint for multi-car households. The October 2021 purchase price of $715,000 provides a clear benchmark; the current price guide sits above that, so buyers should assess whether the upgrades justify the premium. The rental yield of 3.3% is modest for an investor, but the $665 weekly income potential offers a reasonable holding cost offset for an owner-occupier. Hold this property as a comfortable, low-upkeep home in a quiet location, with the option to sell into a rising market within five years.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 1 Shelley Close, Mayfield NSW 2304
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

Market Insight:

Mayfield East is a suburb experiencing strong price momentum, driven by a growing professional demographic. Recent house price growth has been robust, reflecting high demand and a competitive sales environment with properties transacting swiftly. This demand is anchored in the suburb’s established residential character and its proximity to Newcastle’s urban core. Future growth will be supported by this demographic shift, though the market faces constraints from a limited rental supply and a divergence in performance between houses and units.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

306mยฒ

Assessments Delivered Today

WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat