OFF MARKET

8/40 Parkway Avenue
Bar Beach NSW 2300

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 66m2
Land area: 820m2
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Property Details for 8/40 Parkway Ave, Bar Beach

8/40 Parkway Ave, Bar Beach is a 2 bedroom, 1 bathroom Unit and was built in 1940. The property has a land size of 820m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in May 2020.

Building Type
Unit
Year Built
1940
Floor Size
66m2
Land Size
820m2
Local Government
Newcastle
Lot/Plan
8/SP33214

Last Listing description (October 2024)

The Acropolis building is conveniently situated on the corner of the iconic Darby Street, within walking distance to all of the popular restaurants, cafes, boutique shops and amenities close by. Just a 5 minute walk to Bar Beach as well as the breathtaking views of Newcastle along Anzac Memorial walk and Strzelecki Lookout, this property offers a blend of comfort, style, and convenience.

Featuring Include:

Two decent sized bedrooms both with air conditioning units
Main bedroom with built-in wardrobe
Kitchen gas cooktop, electric oven & grill, stainless steel dishwasher, LG fridge and washing machine, caesar stone benchtops
Bathroom which has shower over bath, recessed shaving cabinet
Courtyard garden space within the complex

Disclaimer: Ray White Newcastle have no reason to doubt the accuracy of the property information provided. We request that at all times you inspect the property and make & rely upon your own enquiries.

Property History for 8/40 Parkway Ave, Bar Beach, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$485,000
29 May 2020
Listed for Rent
21 Oct 2024
  • 12 Sep 2024
    Listed for Rent $580 / week
  • 29 May 2020
    Sold for $485,000
  • 11 Feb 1993
    Sold for $90,000

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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 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.
There are currently 6 properties listed for sale, and 3 properties listed for rent in Bar beach on OnTheHouse. According to CoreLogic's data, 14 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.