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Sold on 23 Aug 2024 for $880,000

585 Glebe Road
Adamstown NSW 2289

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Land area: 476m2
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Property Details for 585 Glebe Rd, Adamstown

585 Glebe Rd, Adamstown is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 476m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Adamstown in the last 12 months.

Building Type
House
Land Size
476m2

Last Listing description (August 2024)

This property is currently set up as two units, bringing in a combined $760 a week from happy tenants. You could keep things as they are and enjoy that steady income, but there's room to grow. A few cosmetic updates—or even a full reno—could bump up that rental income nicely. Plus, with a spacious 476sqm lot and a big parking area out back, there's potential for a brand-new build, pending council approval. This section of Glebe Road is a hotspot for health practices—from dentists and acupuncturists to physios and naturopaths— so the B4 Mixed Use zoning adds another level of appeal. And let's talk location: you're right in the thick of it. Just a few steps to Brunker Road's shops, a quick stroll to Adamstown Station, easy access to the Fernleigh Track, and only minutes from Westfield Kotara, The Junction, and some great beaches. Don't miss out on this versatile opportunity that combines steady income with plenty of potential for future growth.

- 476sqm north facing block zoned B4 Mixed Use
- 2-bed unit has had some modern updates, returns $430pw

- 1-bed unit returns $330pw and would benefit from some updates
- Large car park area out back behind secure gates
- Potential to renovate, rebuild or use as commercial premises (STCA)
- Super central location close to shops, schools, transport, medical facilities, Merewether golf club and Newcastle racecourse
- 8mins/3.8km – Newcastle Interchange, 5mins/3.1km – The Junction precinct

Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.

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Property History for 585 Glebe Rd, Adamstown, NSW 2289

A timeline of how this property has performed in the market
Last Sold
$880,000
23 Aug 2024
Listed for Rent
$260/w
14 Sep 2020
  • 09 Aug 2024
    Sold for $880,000
  • 31 Aug 2020
    Listed for Rent $260 / week
  • 19 Jun 2020
    Listed for Rent $260 / week
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About Adamstown 2289

The size of Adamstown is approximately 3 square kilometres. It has 8 parks covering nearly 31.2% of total area. The population of Adamstown in 2011 was 5,642 people. By 2016 the population was 6,053 showing a population growth of 7.3% in the area during that time. The predominant age group in Adamstown is 20-29 years. Households in Adamstown are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Adamstown work in a professional occupation. In 2011, 58.7% of the homes in Adamstown were owner-occupied compared with 57.7% in 2016.

Adamstown has 3,495 properties. Over the last 5 years, Houses in Adamstown have seen a 58.04% increase in median value, while Units have seen a 33.39% increase. As at 30 November 2024:

  • The median value for Houses in Adamstown is $1,045,628 while the median value for Units is $667,116.
  • Houses have a median rent of $650 while Units have a median rent of $560.
There are currently 15 properties listed for sale, and 7 properties listed for rent in Adamstown on OnTheHouse. According to CoreLogic's data, 151 properties were sold in the past 12 months in Adamstown.

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