OFF MARKET

10 Parkway Avenue
Bar Beach NSW 2300

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 400m2
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Property Details for 10 Parkway Ave, Bar Beach

Building Type
Land
Land Size
400m2
Local Government
Newcastle
Lot/Plan
21/DP1281498

Last Listing description (August 2023)

This landmark beachside building is located alongside Newcastle's most prestigious residences in the heart of what is referred to as 'the golden triangle'. Set on over 900sqms, it's steps from Bar Beach, Darby Street and The Junction Village. Currently configured as four partially renovated, 2 bedroom, short term rental apartments, the opportunities are limitless.
Each apartment features two double bedrooms with built-in robes, a modern kitchen and bathroom and spacious living and dining areas. A viable investment as it stands, the building would also lend itself to restoration, returning it to its original grandeur as a magnificent one family residence, or, equally it would be suitable as two townhouses. Retained as four apartments and renovated, it could be let as five star short or long term rentals. Alternatively, the apartments could be converted to strata and sold off separately (STCA).
Enjoy living a relaxed coastal lifestyle every day from this most sought-after location. Wander to the beach in the morning for a refreshing dip then stroll to Darby Street for some lunch and a spot of shopping in Newcastle's coolest shops. Catch a game at No.1 Sportsground in the afternoon and in the evening, head to The Junction for dinner and a drink at the Junction Hotel.

* Set on a level, north to rear facing parcel of land approx 963m2 just metres to the beach
* Walk everywhere from Newcastle's most prestigious address
* Iconic building currently configured as four 2 bedroom apartments
* Apartments are partially renovated with timber floors, modern amenities
* Could be returned to original glory as a majestic single family home (STCA)
* Would suit being 2 townhouses or remain as four apartments (STCA)
* All of the apartments are currently short term executive rentals
* Take advantage of the beach and caf lifestyle and Civic cultural hub

Property History for 10 Parkway Ave, Bar Beach, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$35,000
07 Sep 2023
  • 07 Sep 2023
    Sold for $35,000
  • 17 Aug 2023
    Listed for Sale Not Disclosed
  • 23 Sep 2019
    Sold for $1,500,000

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About Bar Beach 2300

The size of Bar Beach is approximately 0.5 square kilometres. It has 4 parks covering nearly 33.2% of total area. The population of Bar Beach in 2011 was 1,124 people. By 2016 the population was 1,236 showing a population growth of 10.0% in the area during that time. The predominant age group in Bar Beach is 20-29 years. Households in Bar Beach are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Bar Beach work in a professional occupation. In 2011, 40.4% of the homes in Bar Beach were owner-occupied compared with 50.7% in 2016.

Bar Beach has 718 properties. Over the last 5 years, Houses in Bar Beach have seen a 47.72% increase in median value, while Units have seen a 37.83% increase. As at 31 July 2024:

  • The median value for Houses in Bar Beach is $2,232,839 while the median value for Units is $809,335.
  • Houses have a median rent of $670 while Units have a median rent of $570.
There are currently 7 properties listed for sale, and no properties listed for rent in Bar beach on OnTheHouse. According to CoreLogic's data, 19 properties were sold in the past 12 months in Bar beach.

Suburb Insights for Bar Beach 2300

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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.