FOR SALE
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715/386 King Street
Newcastle NSW 2300

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 79m2
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Put Simply, Prime Investment or First Home in Sky

Discover the perfect blend of convenience and comfort with this charming apartment in Sky Residences, Newcastle. Ideal for first-time buyers or investors, particularly those choosing to list on airbnb, this property offers a fantastic opportunity to secure a piece of real estate in one of New South Wales' most dynamic cities. With its one-bedroom layout, it's the perfect size for singles or couples looking to enjoy all that Newcastle has to offer.
Located in the heart of Newcastle, you're just moments away from an array of cultural and recreational amenities. Enjoy easy access to the bustling café scene, unique shopping experiences, and lively entertainment options. The nearby Newcastle Beach provides a beautiful escape for relaxation and outdoor activities, while the close proximity to the light rail ensures effortless commuting throughout the city and beyond.
This property not only offers a comfortable living space but also a chance to immerse yourself in a vibrant community. With its affordable price point, it won't be on the market for long.
- Currently generating approx $6,250 per month on airbnb
- Seventh floor apartment with secure entry and lift access
- Bright open plan living with engineered oak floors and ducted a/c
- Island Kitchen Bench and wall oven and semi-integrated dishwasher
- Stylish bathroom with frameless glass shower and brushed brass tapware
- Carpeted bathroom with built-in robe and ceiling fan
- Secure single car space
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Property Details for 715/386 King St, Newcastle

715/386 King St, Newcastle is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. The property has a land size of 79m2. The place is currently for sale with Wilton Lemke Stewart.

Building Type
Apartment
Land Size
79m2

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About Newcastle 2300

The size of Newcastle is approximately 4.9 square kilometres. It has 25 parks covering nearly 10.5% of total area. The population of Newcastle in 2011 was 2,384 people. By 2016 the population was 2,752 showing a population growth of 15.4% in the area during that time. The predominant age group in Newcastle is 20-29 years. Households in Newcastle are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newcastle work in a professional occupation. In 2011, 44.1% of the homes in Newcastle were owner-occupied compared with 45.7% in 2016.

Newcastle has 5,027 properties. Over the last 5 years, Houses in Newcastle have seen a 43.46% increase in median value, while Units have seen a 34.62% increase. As at 31 October 2024:

  • The median value for Houses in Newcastle is $1,698,065 while the median value for Units is $931,549.
  • Houses have a median rent of $720 while Units have a median rent of $690.
There are currently 45 properties listed for sale, and 9 properties listed for rent in Newcastle on OnTheHouse. According to CoreLogic's data, 259 properties were sold in the past 12 months in Newcastle.

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Jesse Wilton
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Jarrod Dickens
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Wilton Lemke Stewart
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