FOR SALE
For Sale $675,000

7/5 Merewether Street
Merewether NSW 2291

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Tidy Apartment for Beach-Loving Buyers or a Savvy Investor

Beach life and café convenience go hand-in-hand in this lifestyle apartment, positioned just footsteps from Lingard Hospital to create a great short-term rental property for buyers with a sound investment opportunity on their mind. A blank canvas ready to enjoy or offering scope for transformation, inside its easy-care layout you'll find two bedrooms and an L-shaped living and dining area with smooth extension into a glass-framed sunroom where a leafy green outlook awaits. A garage and laundry are also included, however, you can leave the car at home and walk to this suburb's ever-growing line-up of trendy cafes, its popular corner pubs and of course, its iconic surf beach. Representing an exceptional living experience, 7/5 Merewether Street, Merewether is certain to catch to eye of a young couple entering the market or an investor keen on obtaining a lock-and-leave property within a suburb that always holds value.
* Relaxed coastal apartment with a dedicated single garage and private laundry
* Open flow social areas include a carpeted living room, dining area and sunroom
* The sunroom is enclosed for year-round use and holds a prime north-facing position
* Neat electric-equipped kitchen and a tidy bathroom with a shower-over-the-bath
* Quietly-set bedrooms with the larger main including a built-in wardrobe
* Start your day by stretching your legs and walking to the beach for a dip
* Wander into The Junction for shopping or stay local for a long list of popular pubs
* Strolling distance to your morning coffee or bakery for some still-warm bread
Council Rates: $1,795 PA approx
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Property Details for 7/5 Merewether St, Merewether

7/5 Merewether St, Merewether is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The place is currently for sale with DALTON PARTNERS - The Junction.

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About Merewether 2291

The size of Merewether is approximately 6.4 square kilometres. It has 19 parks covering nearly 49.5% of total area. The population of Merewether in 2011 was 10,468 people. By 2016 the population was 10,971 showing a population growth of 4.8% in the area during that time. The predominant age group in Merewether is 20-29 years. Households in Merewether are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merewether work in a professional occupation. In 2011, 63.1% of the homes in Merewether were owner-occupied compared with 63.3% in 2016.

Merewether has 5,770 properties. Over the last 5 years, Houses in Merewether have seen a 68.47% increase in median value, while Units have seen a 50.83% increase. As at 31 October 2024:

  • The median value for Houses in Merewether is $1,873,081 while the median value for Units is $861,605.
  • Houses have a median rent of $795 while Units have a median rent of $580.
There are currently 30 properties listed for sale, and 14 properties listed for rent in Merewether on OnTheHouse. According to CoreLogic's data, 262 properties were sold in the past 12 months in Merewether.

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John Kerr
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DALTON PARTNERS - The Junction
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