1 Caldwell StreetMerewether NSW 2291
Property Details for 1 Caldwell St, Merewether
Last Listing description (October 2024)
Unveil the full potential of this cleared 696.8sqm block of prime beachside land - a true gem for builders and developers with a vision. The hard work is already complete: the meticulous planning, the necessary permits, and the coveted stamp of approval from Newcastle City Council. Now, it's your turn to seize this golden opportunity and build the luxury duplex.
Staged over two levels, each home will boast four spacious bedrooms, three elegantly designed bathrooms, a convenient double garage, and a captivating deck with an outdoor kitchen. The prized northeast rear aspect ensures that natural light and refreshing sea breezes flow seamlessly into your future masterpiece.
Just a leisurely 10-minute stroll away is Merewether's world-renowned surf beach and the iconic ocean baths. Beyond the beach, there's a vibrant tapestry of seaside bars and dining establishments. Across the road is the popular Convoy Commune café, and the bustling hub of Llewellyn Street is literally around the corner.
- Cleared 696.8sqm block of land already DA approved to build a luxury duplex
- 10 minute stroll to Merewether Beach
- 15 minute stroll to The Junction precincts schools, shops and dining
- 8km/17mins to John Hunter Hospital 11km/20mins to University of Newcastle
OUTGOINGS
Council rates: $4,496.36 approx. per annum
Water rates: $923.25 approx. per annum
Disclaimer:
All information provided by Presence Real Estate in the promotion of a property for either sale or lease has been gathered from various third-party sources that we believe to be reliable. However, Presence Real Estate cannot guarantee its accuracy, and we accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements in the information provided. Prospective purchasers and renters are advised to carry out their own investigations and rely on their own inquiries. All images, measurements, diagrams, renderings and data are indicative and for illustrative purposes only and are subject to change. The information provided by Presence Real Estate is general in nature and does not take into account the individual circumstances of the person or persons objective financial situation or needs.
Property History for 1 Caldwell St, Merewether, NSW 2291
- 14 Oct 2024Sold for $2,420,000
- 10 Nov 2023Listed for Sale Price Guide on Request
- 16 Apr 2021Sold for $2,090,000
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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 5,770 properties. Over the last 5 years, Houses in Merewether have seen a 68.47% increase in median value, while Units have seen a 50.83% increase. As at 31 October 2024:
- The median value for Houses in Merewether is $1,873,081 while the median value for Units is $861,605.
- Houses have a median rent of $795 while Units have a median rent of $580.
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