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42-44 King Street, East Maitland NSW 2323

Home > HISTORICAL SIGNIFICANCE WITH INVESTMENT POTENTIAL
Price Guide $925,000 - $995,000

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HISTORICAL SIGNIFICANCE WITH INVESTMENT POTENTIAL

Step back in time to one of the earliest surviving residences in the Hunter Valley, where history and investment opportunity walk hand in hand.

Set on an 1823sqm block in the highly sought-after suburb of East Maitland, the historic Goonoobah and Woodlands property is a magnificent sight to behold.

Featuring the original squared, dressed sandstone facade and corrugated iron roof, the stately period home is a fine example of the Victorian Georgian style of the mid 1800s and is registered under the NSW Heritage Act on the State Heritage Register.

The property was built in three stages, with the northern section, known as Goonoobah, constructed in 1841 as a four-roomed stone cottage.

The home was enlarged with a grander style southern section, known as Woodlands, in around 1865. This section was set further back on the block but constructed in a complementary style to the original cottage, with both buildings featuring large enveloping hipped roofs and elegant bullnose verandahs.

A central hallway and main entrance were added in 1896 to create a grand unified facade, however the house was converted into three separate flats in around 1930, with additional kitchen, bathroom and laundry amenities added at the rear of the property.

The property remains divided into three units today, with two currently tenanted (on expired leases) and the third sitting vacant.

Unit 1 occupies much of the former Woodlands section of the property, with entry via solid cedar French doors into a large-sized living room.

Period features have been retained throughout this unit and the rest of the property, including high cedar skirting boards, dado wall panels and picture rails, as well as the original fireplaces with decorative mantelpieces, although these are no longer in use.

The living room leads through into a formal dining area, which also provides access via a cedar staircase to the bedroom accommodation, located in an expansive attic area.

Timber French doors open from the dining room into a small activity area, which features freestanding storage cupboard and glass louvres, with access through this space to the adjoining bathroom and kitchen.

The practical kitchen features 20mm stone benchtops and 40mm laminate bench space, with white cabinetry, a stainless steel splashback and Chef stove and oven.

It provides access to the laundry and back door of the unit, which opens out onto the communal back yard.

The first floor of Unit 1 contains three bedrooms and a small activity area, which are all carpeted. Two include a built-in hanging space while one also has a built-in wardrobe.

Unit 2 is located in the middle of the residence and incorporates the remaining section of Woodlands as well as the former formal front door and unifying hallway addition.

Entry to this unit is also via French doors on the front verandah, which open into a living room of grand proportions, with high panelled ceilings and an ornate fireplace, although this is no longer in use.

The rich, dark cedar joinery has also been retained in this unit, with a solidly-built six-panel interior door opening from this room into a hallway that leads to the main bedroom on the right and the bathroom on the left.

The second bedroom is also located to the left at the end of another hallway, with a long, narrow configuration allowing for a bedroom setting as well as a study or lounge area.

This room is highlighted by a number of interesting architectural features from the period, including pointed arches in the doorways, striking cedar doorframes and an arched ceiling.

The main bedroom also features a number of period details, including a decorative mantelpiece and high panelled ceiling in the same style as the living room, as well as built-in wardrobes.

The bathroom features a freestanding claw foot bath and combined shower, as well as a toilet and single basin vanity.

A combined dining room / kitchen area is located off the end of the main hallway and includes a raked ceiling, 30mm laminate benchtops and a freestanding Westinghouse stove and oven, with ample storage provided by way of a double-door pantry, built-in shelving and over-bench display cabinet.

A compact laundry and enclosed storage area are located at the rear of the unit, providing access to the rear yard.

Unit 3 occupies the original Goonoobah stone cottage at the northern end of the building, with access via its own bullnose verandah.

Situated to make the most of the afternoon sun, which throws intricate shadows on the concrete floor from the decorative cast iron fretwork, the verandah is an ideal place to enjoy a cosy afternoon coffee.

This unit retains the layout of the original cottage, with a long central hallway opening into a front living room on the left and main bedroom on the right.

Further down the hall there is a second bedroom featuring a rich, dark ceiling lined with cedar tongue and groove boards, as well as a tiled kitchen / dining area, with timber cabinetry and yet another decorative but blocked in fireplace.

The laundry and bathroom are located at the rear of the unit, while access to the under-house brick-floored cellar is via a set of stone steps to the left outside the back door.

The large backyard, which is communally accessed by all tenants, features a number of large, established trees and hedges, as well as a sandstone retaining wall across the width and down the southern side of the property.

Access is via a driveway on the southern end of the residence, with additional access to the rear of the property via Lawes Street.

Two of the three units are currently tenanted on expired leases and return a rental income of approximately $600 per week. Unit 1 is currently vacant but offers a rental potential of between $350 and $380 per week.

SMS King to 0428 166 755 for a link to the on-line property brochure.
  • Kitchen
  • Entrance Hall
  • Open Fireplace
  • Built In Robes
  • Verandah
  • High Ceilings
  • Air Conditioning


For more information on this property please view our Property Webbook below.

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Chris Henry

Chris Henry

Phone: 0438 636 276 Email: chrishenry@riverrealty.com.au
Maddison Woodward

Maddison Woodward

Phone: 0439 088 456 Email: maddison@riverrealty.com.au

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