SOLD
Sold on 25 Oct 2024 for $490,000

1/183 Michael Street
Jesmond NSW 2299

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 67m2
Land area: 3988m2
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Property Details for 1/183 Michael St, Jesmond

1/183 Michael St, Jesmond is a 2 bedroom, 1 bathroom Unit and was built in 2010. The property has a land size of 3988m2 and floor size of 67m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 2 bedroom Unit sold in Jesmond in the last 12 months.

Building Type
Unit
Year Built
2010
Floor Size
67m2
Land Size
3988m2
Local Government
Newcastle
Lot/Plan
1/SP83939

Last Listing description (November 2024)

Lovely, ground floor two bedroom unit with private courtyard, patio and adjoining gated area with paved path & gardens. Only one communal wall and an easy level walk to services and facilities.

Open plan design has light & airy lounge and dining area opens to patio at front and private courtyard with raised garden bed at rear. Reverse cycle air conditioning adds comfort. Generously sized bedrooms both have built in robes and sit either side of the modern bathroom.

Galley style kitchen with gas cook top and dishwasher has serving bench through to dining and internal European style laundry hidden behind cupboard doors.

The unit offers designated off-street parking and there is also visitor parking available at the complex. Low maintenance and positioned in a convenient location at the end of a cul-de-sac just a short walk to shopping, public transport, Newcastle University and services, this is an ideal investment with excellent rental potential of approximately $500 -$550 per week

For further details contact Allen Reece on 0409 814 400 or email sales@reecerealty.com.au

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Property History for 1/183 Michael St, Jesmond, NSW 2299

A timeline of how this property has performed in the market
Last Sold
$490,000
25 Oct 2024
Listed for Rent
$460/w
11 Sep 2021
  • 25 Oct 2024
    Sold for $490,000
  • 18 Sep 2024
    Listed for Sale SOLD $490,000
  • 30 Aug 2021
    Listed for Rent $460 / week
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About Jesmond 2299

The size of Jesmond is approximately 1.2 square kilometres. It has 10 parks covering nearly 17.4% of total area. The population of Jesmond in 2011 was 2,607 people. By 2016 the population was 3,055 showing a population growth of 17.2% in the area during that time. The predominant age group in Jesmond is 20-29 years. Households in Jesmond are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Jesmond work in a professional occupation. In 2011, 34.5% of the homes in Jesmond were owner-occupied compared with 29.9% in 2016.

Jesmond has 1,576 properties. Over the last 5 years, Houses in Jesmond have seen a 66.56% increase in median value, while Units have seen a 39.23% increase. As at 30 November 2024:

  • The median value for Houses in Jesmond is $731,842 while the median value for Units is $472,619.
  • Houses have a median rent of $510 while Units have a median rent of $495.
There are currently 7 properties listed for sale, and 6 properties listed for rent in Jesmond on OnTheHouse. According to CoreLogic's data, 66 properties were sold in the past 12 months in Jesmond.

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