OFF MARKET

76 Blue Gum Road
Jesmond NSW 2299

Bedrooms: 6
Bathrooms: 2
Car spaces: -
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Property Details for 76 Blue Gum Rd, Jesmond

76 Blue Gum Rd, Jesmond is a 6 bedroom, 2 bathroom House and was built in 1960. While the property is not currently for sale or for rent, it was last sold in July 2023.

Building Type
House
Year Built
1960
Local Government
Newcastle
Lot/Plan
1/DP348437

Last Listing description (July 2023)

R3 Property Place Profit

Astute investors take note, just released to the market is an attractive rental property with two separate dwellings on a 797m2 block, positioned within walking distance to Newcastle University, shopping centre & public transport servicing the University, major centres and Newcastle CBD.

Demand is high for single room accommodation whether from Newcastle University's large pool of students or private renters seeking affordable living options. Each tenant enjoys the security of their own leased space and communal living areas are well designed to cater for multiple users.

The front house has six generous bedrooms, five with ceiling fans and three have external access from their private balcony. Kitchen is modern with long bench space, stainless steel cooking facilities and dual sink. Coupled with the spacious lounge, kitchen/dining area offers flexibility to arrange the space as required. One bathroom services the three bedrooms at the front of the house and the second, combined with a laundry, services the three bedrooms at the rear. An extra WC can be found off the loungeroom.

Entry to your second house is into a wide, open plan kitchen/dining space with a separate lounge. There are five bedrooms surrounding the communal area with two bathrooms and laundry located at the rear of the property.

Considering this prime location, R3 zoning offering potential for future higher density development (STNCC) and with plenty of off street parking, this property presents multiple investment opportunities.

Rent return of $1,600 per week.

For more information on this excellent high yield investment please contact exclusive listing agent Allen Reece on 0409 814 400 or email sales@reecerealty.com.au.

Property History for 76 Blue Gum Rd, Jesmond, NSW 2299

A timeline of how this property has performed in the market
Last Sold
$1,100,000
07 Jul 2023
  • 07 Jul 2023
    Sold for $1,100,000
  • 31 May 2023
    Listed for Sale Contact Agent
  • 01 Aug 2022
    Listed for Rent $550 per 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.

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.