FOR SALE
Sale by Expressions of Interest

6 Forrest Street
Jesmond NSW 2299

Bedrooms: 6
Bathrooms: 3
Car spaces: 5
Land area: 531m2
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Two Houses on One Title

Two houses on a large block of approx 531m2. Located only 2 km to University of Newcastle Callaghan Campus, 650 metres to Jesmond Central Shopping, and 6 km to John Hunter Hospital.
Original House - owner occupied, 3 bedrooms, 2 bathrooms, new eat-in kitchen, separate formal living room, off street parking for 1 vehicle. Potential income $620 pw
Granny flat - Weatherboard & Iron construction, 3 bedrooms, 1 bathroom, off street parking for 4 vehicles. Current income $520pw. Lease expires 29 November 2024.
Land Description: Lot 3 DP 156404
Land content: Approx. 531m2
Zoning: R3 Medium Density Residential
Council Rates: $503.08 per quarter
Potential Income: $59,280 pa (both dwellings)

Property Details for 6 Forrest St, Jesmond

6 Forrest St, Jesmond is a 6 bedroom, 3 bathroom House with 5 parking spaces. The property has a land size of 531m2. The place is currently for sale with Dotcom Property Sales.

Building Type
House
Land Size
531m2

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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 1,576 properties. Over the last 5 years, Houses in Jesmond have seen a 66.56% increase in median value, while Units have seen a 39.23% increase. As at 30 November 2024:

  • The median value for Houses in Jesmond is $731,842 while the median value for Units is $472,619.
  • Houses have a median rent of $510 while Units have a median rent of $495.
There are currently 7 properties listed for sale, and 6 properties listed for rent in Jesmond on OnTheHouse. According to CoreLogic's data, 66 properties were sold in the past 12 months in Jesmond.

Suburb Insights for Jesmond 2299

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John Trzecinski
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Dotcom Property 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.