Mayfield apartments under $500,000 snapped up off the plan

Last chance to buy off the plan

THE hunt for affordable housing and property investment has meant the yet-to-be completed Diez Apartments at the east end of Mayfield are moving off the market at a rapid rate.

Just one two-bedroom apartment remains for sale along with five one-bedroom apartments in the complex of 20 at 10 Maitland Road.

A formidable team has come together to bring the project to fruition, architecturally designed by EJE Architects, built by Whitehead Property Group and being sold by First National, the complex is attracting a mix of permanent residents and investors according to First National’s Luke Murdoch.

“You’ve got Mayfield pool, the skate park and Dangar Park all down the road and you can jump on your pushbike and ride to Nobbys Beach,” Mr Murdoch said.

Its central location, almost adjacent to Hunter TAFE’s Tighes Hill campus, and proximity to transport, schools and shops makes it an attractive buy to those looking be a part of the area’s ‘urban renewal’ according to Mr Murdoch.

“I think Mayfield is finally being seen for the inner city suburb that it is,” he said.

“It used to be that the managers of BHP all built mansions to live in and then the workers came and built cottages so it was a real mix of properties.

“The regentrification has been happening for a while now and this is an opportunity to get an apartment under $500,000 within five-to-10 minutes of the Newcastle CBD.”

The construction has started with the complex expected to by complete within 12 to 18 months.