8 Algona RoadCharlestown NSW 2290
Property Details for 8 Algona Rd, Charlestown
8 Algona Rd, Charlestown is a 6 bedroom, 3 bathroom House. The property has a land size of 758m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 6 bedroom House sold in Charlestown in the last 12 months.
Last Listing description (October 2024)
An outstanding opportunity exists for investors to take full advantage of this property's diverse multiple-dwelling footprint and prime Charlestown location.
Presenting versatile options for family living or home and income, the large main home boasts air-conditioned living areas, plantation shutters, versatile flooring and well-equipped kitchens.
A separate two-bedroom granny flat sits at the property's rear and was constructed in 2020, boasting up-to-the-minute style and also featuring a living room with split-system air-conditioning and a glossy kitchen.
Each of these dwellings are crisply presented throughout and offer lock-and-leave convenience. This is the kind of opportunity investors often seek yet rarely find.
With the rooftop dining hub, retail stores and cinemas at Charlestown Square within a 5-minute stroll, medical centres on the doorstep, Fernleigh Track minutes away, and the local area short on rental accommodation, 8 Algona Road promises a rewarding and fuss-free property to add to any investment portfolio.
- Split-level home configured for rental convenience, plus a modern granny flat
- Combined, these dwellings have a potential income return of $1,600 per week
- Split-system air-conditioning in each home backed up by ceiling fans in all bedrooms
- Fresh and modern throughout, and all enjoy plenty of natural sunlight
- Plantation shutters, quality floor coverings and clean, neutral colour palettes
- Younger investors may choose to live in one dwelling and rent the others
- Set upon a large 758sqm parcel in central Charlestown
- 4-min drive to Dudley Beach, 7-mins to Redhead Beach or Warners Bay
- 10-min drive to John Hunter Hospital or Newcastle's CBD and harbour
Property History for 8 Algona Rd, Charlestown, NSW 2290
- 10 May 2024Sold for $1,100,000
- 12 Mar 2024Listed for Sale $1,100,000
- 13 Jun 2023Listed for Sale Not Disclosed
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0About Charlestown 2290
The size of Charlestown is approximately 7.1 square kilometres. It has 39 parks covering nearly 13.4% of total area. The population of Charlestown in 2011 was 12,411 people. By 2016 the population was 12,918 showing a population growth of 4.1% in the area during that time. The predominant age group in Charlestown is 30-39 years. Households in Charlestown are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Charlestown work in a professional occupation. In 2011, 73.7% of the homes in Charlestown were owner-occupied compared with 72.6% in 2016.
Charlestown has 6,689 properties. Over the last 5 years, Houses in Charlestown have seen a 70.87% increase in median value, while Units have seen a 55.50% increase. As at 31 October 2024:
- The median value for Houses in Charlestown is $938,620 while the median value for Units is $652,473.
- Houses have a median rent of $620 while Units have a median rent of $545.
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