FOR SALE
Guide $4,200,000

55 Light Street
Bar Beach NSW 2300

Bedrooms: 11
Bathrooms: 6
Car spaces: 4
Land area: 554.4m2
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6 units - ultimate set and forget investment with future development potential

Just 300m from the sands of Bar Beach and a stone's throw from the vibrant dining and shopping hubs of Darby Street and The Junction, this block of six units is a golden investment opportunity in one of Newcastle's most coveted suburbs. With a strong rental income stream, this property stands as the ultimate "set and forget" investment, promising robust returns and minimal fuss.
Location is everything, and this property truly excels. Renowned schools, popular cafes, boutique shops, corner pubs, and parkland are all within an easy stroll. Beach days, morning surfs, coastal walks, outdoor fitness sessions, bowls, and tennis – a vibrant and healthy lifestyle awaits, ensuring this investment is a winner on all fronts.
Set on a generous 554.4sqm block (approx) with an approximate 16.76m frontage, developers will also be enticed by the significant potential for a luxury new home or duplex development (STCA). Whether you're looking to invest, develop, or landbank for future growth, this property offers endless possibilities.
- Dual level apartment block of six units on 554.4sqm block (approx)
- Approx block dimensions 16.76m X 33.07m zoned R2
- 2 x 1 bedroom, 3 x 2 bedroom and 1 x 3 bedroom
- 300m – Bar Beach, 650m – Harris Farm, Genesis Gym, Cooks Hill Medical Centre, 850m – The Junction precinct, 2km – Newcastle Grammar, 2km - Honeysuckle
DISCLAIMER
We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including without limitation, any income, rentals, dimensions, areas, zoning and permits.

Property Details for 55 Light St, Bar Beach

55 Light St, Bar Beach is a 11 bedroom, 6 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 554.4m2. The place is currently for sale with Street Property - Newcastle (Sales).

Building Type
BlockOfUnits
Land Size
554.4m2

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About Bar Beach 2300

The size of Bar Beach is approximately 0.5 square kilometres. It has 4 parks covering nearly 33.2% of total area. The population of Bar Beach in 2011 was 1,124 people. By 2016 the population was 1,236 showing a population growth of 10.0% in the area during that time. The predominant age group in Bar Beach is 20-29 years. Households in Bar Beach are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Bar Beach work in a professional occupation. In 2011, 40.4% of the homes in Bar Beach were owner-occupied compared with 50.7% in 2016.

Bar Beach has 712 properties. Over the last 5 years, Houses in Bar Beach have seen a 40.35% increase in median value, while Units have seen a 29.66% increase. As at 31 October 2024:

  • The median value for Houses in Bar Beach is $2,182,357 while the median value for Units is $806,269.
  • Houses have a median rent of $1,050 while Units have a median rent of $590.
There are currently 6 properties listed for sale, and 4 properties listed for rent in Bar beach on OnTheHouse. According to CoreLogic's data, 16 properties were sold in the past 12 months in Bar beach.

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Damon Sellis
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Street Property - Newcastle (Sales)
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