22/183 Michael StreetJesmond NSW 2299
Property Details for 22/183 Michael St, Jesmond
22/183 Michael St, Jesmond is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2011. The property has a land size of 3988m2 and floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in October 2017.
Last Listing description (October 2018)
Modern fully furnished top floor two bedroom unit with easy access to all services and facilities. Open plan design, double sized bedrooms with built in robes, lounge and dining areas are light and airy with access to the generous kitchen complete with gas cook top and dishwasher. Modern bathroom and internal European style laundry including washing machine & dryer.
The unit offers off street parking and there is also visitor parking available at the complex. This low maintenance unit is positioned in a convenient location which would make an ideal investment with excellent gross rental returns of $480 per week being achieved with a long-term tenant with lease until July 2018.
This unit makes for an ideal investment within walking distance to Newcastle University, Stockland Jesmond shopping centre and public transport.
Property History for 22/183 Michael St, Jesmond, NSW 2299
- 26 Oct 2017Sold for $350,000
- 26 Oct 2017Sold for $350,000
- 06 Sep 2017Listed for Sale $345,000
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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 1,577 properties. Over the last 5 years, Houses in Jesmond have seen a 65.27% increase in median value, while Units have seen a 39.17% increase. As at 31 December 2024:
- The median value for Houses in Jesmond is $739,260 while the median value for Units is $474,684.
- Houses have a median rent of $510 while Units have a median rent of $500.
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