116 Princess Street Morpeth NSW 2321
116 Princess Street Morpeth NSW 2321
3 bed house on 412m² lot |heritage protected |est $955k value |school catchment | 116 Princess Street is a three-bedroom house on a 412sqm lot that suits small families or professionals valuing historic charm and proximity to local schools. This property delivers compact living space with three bathrooms and a single car spot across its 226sqm building footprint, leaving room for modest outdoor use on the modestly sized lot. Sitting under a heritage overlay in Maitland Council, it benefits from preservation rules that maintain streetscape integrity amid Morpeth’s established housing mix. The absence of bushfire or flood risks adds reliability for long-term ownership in this riverside setting. Properties like this draw buyers seeking entry into heritage zones without oversized land commitments, often downsizers or first-home couples prioritizing character over expansion potential. In the local market, similar three-bedroom homes on 400sqm blocks have shown steady appreciation, buoyed by the suburb’s controlled growth and school access. Its last sale around $180k eleven years ago underscores significant capital growth, reflecting broader demand for preserved assets. The 5G coverage and solar panels detected enhance everyday practicality, supporting holding appeal amid rising utility costs. Overall, this house positions well for buyers eyeing stable value in a heritage-constrained street where redevelopment is limited.
Detailed Independent Property Report prepared by PropCred Analyst team for 116 Princess Street Morpeth NSW 2321
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Morpeth is a historic village near Maitland with strong heritage appeal. It attracts lifestyle buyers and professionals seeking character housing. Demand is driven by scarcity and unique positioning within the region. Limited supply supports pricing. Price growth has been above average for the Maitland area. It functions as a boutique premium pocket.
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PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
1
Land
411.6m²
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