OFF MARKET

5/40 Parkway Avenue
Bar Beach NSW 2300

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 67m2
Land area: 833m2
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Last updated 14 Oct 2024
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Property Details for 5/40 Parkway Ave, Bar Beach

5/40 Parkway Ave, Bar Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 833m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in February 1997.

Building Type
Unit
Year Built
1950
Floor Size
67m2
Land Size
833m2
Local Government
Newcastle
Lot/Plan
5/SP33214

Last Listing description (February 2020)

This original two bedroom unit has the ideal location, within walking distance to The Junction and Darby Street shops, cafs and restaurants and on public transport route. Bar Beach is just 500m from the property and parks are within close proximity, so you can embrace the summer weather.

The unit is located on the ground floor and contains two enormous bedrooms and a large separate lounge room with polished floorboards throughout.
The kitchen includes gas cooktop and has plenty of cupboard space.

The original bathroom has a bath with overhead shower and there is an external shared laundry.

With the current hot demand for affordable inner city living you will not be disappointed.

Pets considered on application.

We accept 1Form applications.

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Property History for 5/40 Parkway Ave, Bar Beach, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$104,000
17 Feb 1997
Listed for Rent
$380/w
19 Feb 2020
  • 14 Feb 2020
    Listed for Rent $380 / year
  • 30 Jul 2019
    Listed for Rent - Price not available
  • 01 Jun 2017
    Listed for Rent - Price not available
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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 712 properties. Over the last 5 years, Houses in Bar Beach have seen a 54.68% increase in median value, while Units have seen a 34.77% increase. As at 30 September 2024:

  • The median value for Houses in Bar Beach is $2,279,768 while the median value for Units is $806,075.
  • Houses have a median rent of $670 while Units have a median rent of $575.
There are currently 7 properties listed for sale, and 4 properties listed for rent in Bar beach on OnTheHouse. According to CoreLogic's data, 13 properties were sold in the past 12 months in Bar beach.

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