OFF MARKET

4/160 Michael Street
Jesmond NSW 2299

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 65m2
Land area: 861m2
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Property Details for 4/160 Michael St, Jesmond

4/160 Michael St, Jesmond is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 861m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in January 2021.

Building Type
Unit
Year Built
1980
Floor Size
65m2
Land Size
861m2
Local Government
Newcastle
Lot/Plan
4/SP40588

Last Listing description (January 2021)

Neatly kept first floor unit and centrally positioned, walking distance to Jesmond Central shopping centre and easy commute to Newcastle University by public transport. located at the end of a cul-de-sac and in a smaller block of 7 units.

Featuring an open living space with air conditioning and access to a long balcony with district views.
A tidy functional kitchen extends from the living with internal laundry space with storage.

This property is presents as an ideal invest with an attractive rental return for investors of $300 pw, would make a great entry point into the market for a first home buyer.

* Updated kitchen with timber style vinyl flooring and near new appliances.
* 2 genuine sized bedrooms with new block out curtains, access rear balcony and BIR.
* Tidy bathroom with modern vanity and separate bath.
* Internal laundry with storage cupboard.
* Single open car space.
* Previous rental return $300 pw.

Outgoing expenses
Strata rates $615 pq
Council rates $327 pq
Water rates $234 pq

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

Property History for 4/160 Michael St, Jesmond, NSW 2299

A timeline of how this property has performed in the market
Last Sold
$300,000
20 Jan 2021
Listed for Rent
$300/w
15 Jun 2018
  • 20 Jan 2021
    Sold for $300,000
  • 04 Nov 2020
    Listed for Sale $310,000
  • 05 May 2018
    Listed for Rent - Price not available
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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 1,573 properties. Over the last 5 years, Houses in Jesmond have seen a 77.03% increase in median value, while Units have seen a 60.17% increase. As at 31 July 2024:

  • The median value for Houses in Jesmond is $740,041 while the median value for Units is $494,532.
  • Houses have a median rent of $520 while Units have a median rent of $490.
There are currently 4 properties listed for sale, and 5 properties listed for rent in Jesmond on OnTheHouse. According to CoreLogic's data, 76 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.