5/86 Memorial DriveBar Beach NSW 2300
Property Details for 5/86 Memorial Dr, Bar Beach
5/86 Memorial Dr, Bar Beach is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1963. The property has a land size of 614m2 and floor size of 64m2. While the property is not currently for sale or for rent, it was last sold in March 2021.
Last Listing description (March 2021)
First floor positioned to the rear of this beachside block of just six apartments, this easy breezy 2 bedder makes an inspired choice for investors and homeowners whose top priority is blue chip positioning with a relaxed coastal lifestyle on the doorstep. Interiors are well proportioned with a living space and balcony to harness the sea breeze, ocean views and nightly sunsets. In mostly original condition throughout, potential abounds for keen renovators to make this place their own. The sensational location is what really makes this apartment special. Grab your towel and surfboard and cross the road to Bar Beach, stroll the Anzac Memorial walk or wander to The Junction or Darby Street for coffee, shopping and dining.
- First floor apartment in beachside complex of only six
- Living area connects to balcony with ocean and sunset views
- Tidy kitchen appointed with an electric stove
- Thoroughly retro bathroom; own laundry in garage
- Only two apartments use the stairwell that connects to a shared double garage
- Easycare coastal lifestyle opposite Bar beach and footsteps to Cooks Hill surf club
- Easy access to Darby Street, King Edward Park and Newcastle CBD
- Currently returning $420 per week on current lease until September 2021
Property History for 5/86 Memorial Dr, Bar Beach, NSW 2300
- 05 Mar 2021Sold for $635,000
- 02 Dec 2020Listed for Sale $630,000 - $650,000
- 18 May 2020Listed for Sale $690,000
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0About 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 710 properties. Over the last 5 years, Houses in Bar Beach have seen a 40.35% increase in median value, while Units have seen a 29.66% increase. As at 31 October 2024:
- The median value for Houses in Bar Beach is $2,182,357 while the median value for Units is $806,269.
- Houses have a median rent of $1,050 while Units have a median rent of $590.
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