FOR SALE
Expressions of Interest

87 Young Street
Carrington NSW 2294

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 128m2
Land area: 461.1m2
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Newcastle's Best Kept Secret

Perfectly positioned in Newcastle's Harbourside suburb of Carrington. Located in the heart of the Carrington Village retail strip where a variety of interesting businesses exist.
This property offers a number of opportunities for the property owner, investor and/or developer.
- A Significant Development/Investment opportunity
- Zoned E1 Local Centre (FSR 1.5:1; 11m height)
- Land 461.1m2
- Existing retail 128m2 (leased to June 2025)
- Approved outdoor and footpath dining
- Dual street frontage
- Single level building recently renovated with rear vehicle access.
- A Development Approval for mixed use featuring a retail space and four apartments (Shoptop Housing GFA 866m2: Retail + 4 apartments + 6 parking - lapsed Nov. 2023).
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Property Details for 87 Young St, Carrington

Building Type
Commercial
Floor Size
128m2
Land Size
461.1m2

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About Carrington 2294

The size of Carrington is approximately 2.1 square kilometres. It has 11 parks covering nearly 6.3% of total area. The population of Carrington in 2011 was 1,877 people. By 2016 the population was 1,953 showing a population growth of 4.0% in the area during that time. The predominant age group in Carrington is 20-29 years. Households in Carrington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carrington work in a professional occupation. In 2011, 50% of the homes in Carrington were owner-occupied compared with 50.2% in 2016.

Carrington has 1,261 properties. Over the last 5 years, Houses in Carrington have seen a 52.18% increase in median value, while Units have seen a 38.38% increase. As at 31 August 2024:

  • The median value for Houses in Carrington is $1,063,899 while the median value for Units is $946,399.
  • Houses have a median rent of $630 while Units have a median rent of $660.
There are currently 10 properties listed for sale, and 4 properties listed for rent in Carrington on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Carrington.

Suburb Insights for Carrington 2294

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Andrew Walker
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Street Property - Newcastle (Sales)
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.