FOR SALE
Guide $1,300,000

1 Allowah Street
Waratah West NSW 2298

Bedrooms: 6
Bathrooms: 3
Car spaces: 2
Land area: 575.4m2
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Readymade Investment Or Future Family Home - The Choice Is Yours

Just a quick 10-minute stroll from the University of Newcastle, this quality-built Montgomery home is a perfect fit for the student lifestyle. With six bedrooms and three bathrooms, it's fully furnished and already leased, bringing in a solid $1,400 per week-talk about a readymade investment!
The property's solid brick construction, top-notch upkeep, and whisper-quiet leafy location make it just as appealing for a large or multi-generational family. With two spacious living areas and plenty of parking, it's designed to accommodate a busy household.
Located in a high-growth area, you're only 15 minutes from Newcastle CBD and its stunning beaches. Or, if you're heading west, the M1 and Hunter Expressway are just as close, making it easy to get in and out of town. For your day-to-day needs, Jesmond Central is just a stroll away, and Bray Park offers a peaceful escape with a lovely nature walk and an off-leash area for your furry friends. Plus, there's a choice of schools nearby that cater to all age groups, adding even more convenience to this fantastic location.
- Dual storey brick and tile Montgomery home
- Excellently maintained as student accommodation
- Each bedroom (2 downstairs, 4 upstairs) contains a bed, built-in/walk-in robe, study desk and chair
- Two ensuite bathrooms, one with bath and shower, plus main full-size bathroom
- Two separate living areas, fully equipped kitchen with two cooktops & two fridges
- Double garage with drive-through to additional parking rear and side
- Leases end between November and April, option to renew or move your family in
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Property Details for 1 Allowah St, Waratah West

1 Allowah St, Waratah West is a 6 bedroom, 3 bathroom House with 2 parking spaces. The property has a land size of 575.4m2. The place is currently for sale with Walkom Real Estate.

Building Type
House
Land Size
575.4m2

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About Waratah West 2298

The size of Waratah West is approximately 1.7 square kilometres. It has 11 parks covering nearly 25.8% of total area. The population of Waratah West in 2011 was 2,676 people. By 2016 the population was 3,000 showing a population growth of 12.1% in the area during that time. The predominant age group in Waratah West is 20-29 years. Households in Waratah West are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Waratah West work in a professional occupation. In 2011, 60.4% of the homes in Waratah West were owner-occupied compared with 55.6% in 2016.

Waratah West has 1,349 properties. Over the last 5 years, Houses in Waratah West have seen a 70.43% increase in median value, while Units have seen a 43.73% increase. As at 31 August 2024:

  • The median value for Houses in Waratah West is $836,208 while the median value for Units is $587,123.
  • Houses have a median rent of $578 while Units have a median rent of $540.
There are currently 5 properties listed for sale, and 4 properties listed for rent in Waratah west on OnTheHouse. According to CoreLogic's data, 83 properties were sold in the past 12 months in Waratah west.

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Greg Handsaker
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Walkom Real Estate
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