SOLD
Sold on 01 Mar 2024 for $410,000

2/160 Michael Street
Jesmond NSW 2299

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 854m2
Sold By
Dowling Property Group Hamilton
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Property Details for 2/160 Michael St, Jesmond

2/160 Michael St, Jesmond is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1983. The property has a land size of 854m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 2 bedroom Unit sold in Jesmond in the last 12 months.

Building Type
Unit
Year Built
1983
Floor Size
71m2
Land Size
854m2
Local Government
Newcastle
Lot/Plan
2/SP40588

Last Listing description (March 2024)

This well-maintained two-bedroom ground-floor unit is centrally positioned within walking distance to Jesmond Central shopping centre and an easy commute to Newcastle University by public transport. This property is located at the end of a cul-de-sac and in a small complex of seven units.

This property features open plan living space with air conditioning and access to two balconies where you can enjoy the great outdoors. The tidy kitchen extends from the living area that adjoins the internal laundry. This is a sensational opportunity for those seeking an affordable option, with a lease in place until April 2024, with a return of $500 per week

Other features include:

- Modern kitchen with timber-style vinyl flooring and stainless steel appliances
- Tidy bathroom with modern vanity and separate bath
- Internal laundry
- lock up garage
- Second balcony from the bedroom

Property History for 2/160 Michael St, Jesmond, NSW 2299

A timeline of how this property has performed in the market
Last Sold
$410,000
01 Mar 2024
Listed for Rent
$500/w
04 Oct 2023
  • 01 Mar 2024
    Sold for $410,000
  • 09 Jan 2024
    Listed for Sale Price Guide $395,000 - $420,000
  • 22 Sep 2023
    Listed for Rent $500 / 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 1,544 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 5 properties listed for sale, and 5 properties listed for rent in Jesmond on OnTheHouse. According to CoreLogic's data, 69 properties were sold in the past 12 months in Jesmond.

Suburb Insights for Jesmond 2299

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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.