SOLD
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Sold on 23 Feb 2024 - Price Unavailable

1 Bank Street
Merewether NSW 2291

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 575.4m2
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Property Details for 1 Bank St, Merewether

Building Type
Land
Land Size
575.4m2

Last Listing description (February 2024)

Unlock the door to coastal living perfection with this exclusive opportunity!

Nestled in a prime location, a barefoot stroll to Merewether Beach, this cleared block of land is already DA approved for a luxury architect designed duplex. Each home features three bedrooms, two or three bathrooms, two parking spaces, and a sparkling pool, all exquisitely finished to perfection. Plus, with the option to sell one residence while keeping the other, this investment opportunity offers both lifestyle and financial rewards.

Alternatively, unleash your creativity and design the ultimate family retreat. With endless possibilities for customisation, this blank canvas invites you to create a haven that perfectly reflects your vision of coastal living. Build the home of your dreams from the ground up and embrace the stunning ocean views from an upper level, with ample space to incorporate expansive living and alfresco areas (STCA).

Whichever option you choose, seize this rare opportunity to immerse yourself in the coastal lifestyle you've always dreamed of. Your family will have access to some of the most spectacular coastal walks, world-class surf breaks, and pristine swimming beaches. Wake up to the sights and sounds of the ocean and spend your days soaking up the sun, playing in the waves, or exploring the nearby seaside cafes.

It doesn't get much better than this!

- 575.4sqm block with 16.45m frontage (approx.)
- Luxury architect designed plans
- Two separate layouts to accommodate two families
- Build both and sell on, keep one and sell the other, start again with new plans
- Stroll to Merewether Beach, Dixon Park, Merewether Ocean baths, Beach Hotel
- 450m to Holy Family Primary, 900m to The Junction Public School & St Joseph's Primary

Auction on Site Saturday 2nd March at 11:15am (if not sold prior).

Council Rates: *$5,500 pa
Water Rates: *$916 pa + usage
*Approximates only

DISCLAIMER
We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including without limitation, any income, rentals, dimensions, areas, zoning and permits.

Property History for 1 Bank St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
23 Feb 2024
  • 28 Feb 2024
    Sold for $2,450,000
  • 07 Feb 2024
    Listed for Sale Auction - Guide on Request
  • 06 Jul 2018
    Sold for $2,200,000
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About Merewether 2291

The size of Merewether is approximately 6.4 square kilometres. It has 19 parks covering nearly 49.5% of total area. The population of Merewether in 2011 was 10,468 people. By 2016 the population was 10,971 showing a population growth of 4.8% in the area during that time. The predominant age group in Merewether is 20-29 years. Households in Merewether are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Merewether work in a professional occupation. In 2011, 63.1% of the homes in Merewether were owner-occupied compared with 63.3% in 2016.

Merewether has 5,876 properties. Over the last 5 years, Houses in Merewether have seen a 67.87% increase in median value, while Units have seen a 48.07% increase. As at 30 November 2024:

  • The median value for Houses in Merewether is $1,900,031 while the median value for Units is $860,534.
  • Houses have a median rent of $788 while Units have a median rent of $580.
There are currently 19 properties listed for sale, and 4 properties listed for rent in Merewether on OnTheHouse. According to CoreLogic's data, 266 properties were sold in the past 12 months in Merewether.

What's around 1 Bank St, Merewether

1 Bank St, Merewether is in the school catchment zone for The Junction Public School and Newcastle High School.

Nearby Schools
Comparable Properties
The Junction Public School
0.77km
The Junction 2291
IN CATCHMENTPrimaryGovernmentP - 6Combined607 Enrolled
Hamilton South Public School
1.24km
Merewether 2291
PrimaryGovernmentP - 6Combined427 Enrolled
Newcastle Grammar Park School Campus
1.34km
Cooks Hill 2300
PrimaryNon-GovernmentCombined Enrolled
Merewether Public School
1.39km
Merewether 2291
PrimaryGovernmentP - 6Combined159 Enrolled
Newcastle High School
1.54km
Newcastle West 2302
IN CATCHMENTSecondaryGovernment7 - 12Combined1079 Enrolled
Merewether Heights Public School
1.57km
Merewether Heights 2291
PrimaryGovernmentP - 6Combined350 Enrolled
St Francis Xavier's College
2.05km
Hamilton East 2303
SecondaryNon-Government11 - 12Combined973 Enrolled
Alesco Senior College
2.17km
Cooks Hill 2300
SpecialNon-Government9 - 12Combined245 Enrolled
Merewether High School
2.49km
Broadmeadow 2292
SecondaryGovernment7 - 12Combined1070 Enrolled
Hamilton Public School
2.56km
Hamilton 2303
PrimaryGovernmentP - 6Combined292 Enrolled

Suburb Insights for Merewether 2291

Market Insights
Merewether Trends for Houses
Median Value

$1.90M

5.02%
View Trend
Median Growth

5.65%

View Trend
Median Rent

$787.5/W

0.32%
View Trend
Rental Yield

2.31%

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year (12/23 - 11/24)
Merewether Trends for Units
Median Value

$861k

5.67%
View Trend
Median Growth

6.85%

View Trend
Median Rent

$580/W

5.45%
View Trend
Rental Yield

3.55%

1.39%
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year (12/23 - 11/24)
Neighbourhood Insights
Age

Population 10,971

0-9

 

11%

10-19

 

12%

20-29

 

16%

30-39

 

12%

40-49

 

14%

50-59

 

14%

60-69

 

11%

70-79

 

6%

80-89

 

3%

90-99

 

1%

Household Structure
Occupancy
Contact agent
Damon Sellis
Show contact details
Emily Wong
Show contact details
Street Property - Newcastle (Sales)
Preferred contact:
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.
New South Wales data
Contains property sales information provided under licence from the Valuer General New South Wales. RP Data Pty Ltd trading as CoreLogic Asia Pacific is authorised as a Property Sales Information provider by the Valuer General New South Wales.
Valuations and Estimates
This estimate is provided by CoreLogic, and is based on statistical market data such as recent local sales, property size, number of bedrooms and many more factors. It comes from public data, which may be incomplete or inaccurate, and should not be used in lieu of a professional appraisal under any circumstances, including for lending purposes or in home loan applications.
School data and Content
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ABS data
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Liveability information
The Liveability Score is a rating (out of 10) provided by Propella.ai Pty Ltd as a guide about how "well-connected" properties are in certain local areas. The Liveability Score is based on statistical data about a local area in which a property is located including the distance to and number of available facilities and services (including schools, parklands, health services, shopping and public transport) (Liveability Data). The Liveability Data and Liveability Score has not been verified or confirmed by CoreLogic, is not available for all properties, and is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. Given the relative nature of the Liveability Score, propella.ai anticipate that scores for individual properties will change over time.