FOR SALE
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10 Goodwin Street
Jesmond NSW 2299

Bedrooms: 33
Bathrooms: 33
Car spaces: -
Land area: 764m2
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33 Studio Unit Investment

Opportunities like this are not to be missed.
This is a part built 33 unit complex built across three buildings ready to be completed. All studios are designed to have both kitchen and bathroom facilities. Demand for this style of living is in high demand. Positioned within walking distance to Newcastle University and Jesmond shopping precinct.
If you are a builder or an astute opportunist looking for a part project to finish then this property is a must to investigate. Bring this amazing project to the glory that was intended for it to be, positioned in one of Newcastle's premium investment precincts.
Presently at lockup stage. There has been some water egress into the building and damage which would need rectifying before the next stage of building commences.
Present building code guidelines don't allow a build of this size. Due to this being an older DA that has commenced allows the continuation of the project to a finish stage.
To investigate and discuss this rare opportunity contact exclusive listing agent Allen Reece on 0409 814 400

Property Details for 10 Goodwin St, Jesmond

10 Goodwin St, Jesmond is a 33 bedroom, 33 bathroom BlockOfUnits. The property has a land size of 764m2. The place is currently for sale with ReeceRealty - Newcastle.

Building Type
BlockOfUnits
Land Size
764m2

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About Jesmond 2299

The size of Jesmond is approximately 1.2 square kilometres. It has 10 parks covering nearly 17.4% of total area. The population of Jesmond in 2011 was 2,607 people. By 2016 the population was 3,055 showing a population growth of 17.2% in the area during that time. The predominant age group in Jesmond is 20-29 years. Households in Jesmond are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Jesmond work in a professional occupation. In 2011, 34.5% of the homes in Jesmond were owner-occupied compared with 29.9% in 2016.

Jesmond has 1,577 properties. Over the last 5 years, Houses in Jesmond have seen a 76.91% increase in median value, while Units have seen a 57.30% increase. As at 31 August 2024:

  • The median value for Houses in Jesmond is $742,170 while the median value for Units is $490,699.
  • Houses have a median rent of $463 while Units have a median rent of $493.
There are currently 7 properties listed for sale, and 4 properties listed for rent in Jesmond on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Jesmond.

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Allen Reece
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ReeceRealty - Newcastle
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