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Sold on 19 Apr 2024 for $410,000

2/127 Michael Street
Jesmond NSW 2299

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 2/127 Michael St, Jesmond

2/127 Michael St, Jesmond is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 1 bedroom Apartment sold in Jesmond in the last 12 months.

Building Type
Apartment
Local Government
Newcastle
Lot/Plan
2/SP6866

Last Listing description (April 2024)

Nestled in a quiet street, this ground floor gem combines tranquillity with convenience. You're 650m away from Jesmond Central, your go-to spot for shopping and errands, and a leisurely stroll takes you to local schools and the University of Newcastle in no time. Immaculately maintained, this bright one-bedroom pad is ideal for first-time buyers or savvy investors. Situated in a tightly held complex of eight units, it boasts a sunny open-plan layout featuring a well-equipped kitchen and a balcony perfect for soaking up morning rays. Plus, with a combined laundry/bathroom and your own parking spot, this home ticks all the boxes. Centrally located, Jesmond is just 7km from Newcastle CBD, with easy access to the M1 and Hunter Expressway just 10km away. Nature lovers will appreciate nearby Jesmond Park, while the upcoming extension to the Inner City bypass will provide seamless travel to John Hunter Hospital and Lake Macquarie.

- Ground floor apartment in tightly held complex of just eight
- Crisp décor and new roller blinds throughout

- Open plan layout with tiled floors, gas-equipped kitchen, and access to sunny balcony
- Bedroom with mirrored robe
- Bathroom with corner shower and laundry area
- Dedicated car space
- 650m – Jesmond Central, 1300m stroll or 5min drive - University of Newcastle, 4km/7mins - John Hunter Hospital

- Council Rates: Approx. $1,500 p/a
- Water Rates: Approx. $750 p/a + usage
- Strata Rates: Approx. $2,200 p/a
- Potential Rental Return: Approx. $390 - $410 p/w

Disclaimer: We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.

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Property History for 2/127 Michael St, Jesmond, NSW 2299

A timeline of how this property has performed in the market
Last Sold
$410,000
19 Apr 2024
Listed for Rent
$420/w
06 Sep 2024
  • 26 Aug 2024
    Listed for Rent $420 / week
  • 19 Apr 2024
    Sold for $410,000
  • 03 Apr 2024
    Listed for Sale Guide: $420,000 - $460,000
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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 1,544 properties. Over the last 5 years, Houses in Jesmond have seen a 67.57% increase in median value, while Units have seen a 43.86% increase. As at 31 October 2024:

  • The median value for Houses in Jesmond is $724,410 while the median value for Units is $476,712.
  • Houses have a median rent of $480 while Units have a median rent of $493.
There are currently 4 properties listed for sale, and 8 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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