OFF MARKET

2/27 Mitchell Street
Merewether NSW 2291

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 52m2
Land area: 1050m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 16 Dec 2024
Low

High
Save

Property Details for 2/27 Mitchell St, Merewether

2/27 Mitchell St, Merewether is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 1050m2 and floor size of 52m2. While the property is not currently for sale or for rent, it was last sold in April 2020.

Building Type
Unit
Year Built
1970
Floor Size
52m2
Land Size
1050m2
Local Government
Newcastle
Lot/Plan
2/SP21862

Last Listing description (June 2020)

Searching for your first property - this one is perfect! Positioned in the ever popular beachside suburb of Merewether this updated one bedroom apartment will be snapped up.

Located on the ground floor this open plan apartment features a renovated kitchen & bathroom, modern flooring & a fresh colour scheme throughout you can't go wrong with this little gem. With a single undercover parking space & a pleasant patio area you've got everything you need right here.

With local beaches, cafes & popular pubs all within walking distance this prized location makes this apartment a fantastic place to start. Currently leased with a rental return of $350 per week this home is an ideal investment choice as well.

- Popular Merewether location
- Stylishly renovated
- 1 bedroom with mirrored built-in wardrobe
- Open plan kitchen & living area
- Single undercover car space
- Modern flooring & a fresh colour scheme
- Lovely patio area
- Walking distance to local cafes & pubs
- Short stroll to Merewether Beach
- Less than 3klm to Newcastle CBD
- Ideal first home or investment opportunity
- Current rental return of $350 per week
- Strata rates: approx $450 per quarter

Property History for 2/27 Mitchell St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$403,000
21 Apr 2020
Listed for Rent
$375/w
11 Jun 2019
  • 21 Apr 2020
    Sold for $403,000
  • 04 Feb 2020
    Listed for Sale Guide: $390,000 - $430,000
  • 04 Jun 2019
    Listed for Rent - Price not available
Sign in to see more transactions

Commute Calculator

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.

Suburb Insights for Merewether 2291

Market Insights
Merewether Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

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


Median Value over 1 year
Merewether Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

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


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.