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Sold on 09 Aug 2024 for $455,000

5/154 Michael Street
Jesmond NSW 2299

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 5/154 Michael St, Jesmond

5/154 Michael St, Jesmond is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Jesmond in the last 12 months.

Building Type
Unit

Last Listing description (August 2024)

Situated on the first level of a double brick block of only 9 units, this recently updated and airy two bedroom unit will delight. This is in a quiet cul-de-sac close to the bypass walking bridge to Jesmond Shopping Centre and direct access to Newcastle University Callaghan Campus.

Entry is into an open plan living/kitchen area with egress to the generous covered verandah. New benchtops freshen the kitchen that offers gas cooking and good storage & bench space. Access the large internal laundry with storage room off the kitchen.

A clean, light bathroom is centrally located to the two sizeable bedrooms with built-ins. This private area can be conveniently closed off from the living/kitchen for better temperature control and privacy.

There is a designated covered carport parking space however the location means walking to shops and services is a convenient option.

If you are looking for your first home or adding to your investment portfolio then this unit is definitely worthy of inspection. Investors take note, units with this sturdy build quality, in such a prime investment position, are hard to find.

For more information call Allen Reece on 0409 814 400 or contact the sales team on 02 4950 2025 or email sales@ reecerealty.com.au

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Property History for 5/154 Michael St, Jesmond, NSW 2299

A timeline of how this property has performed in the market
Last Sold
$455,000
09 Aug 2024
Listed for Rent
$368/w
23 Mar 2022
  • 09 Aug 2024
    Sold for $455,000
  • 31 Jul 2024
    Listed for Sale SOLD $455,000
  • 14 Mar 2022
    Listed for Rent $400 / 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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