SOLD
Sold on 11 Jun 2024 for $2,400,000

2/72 Mitchell Street
Merewether NSW 2291

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
Floor area: 47m2
Land area: 685m2
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Property Details for 2/72 Mitchell St, Merewether

2/72 Mitchell St, Merewether is a 1 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1981. The property has a land size of 685m2 and floor size of 47m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 1 bedroom Unit sold in Merewether in the last 12 months.

Building Type
Unit
Year Built
1981
Floor Size
47m2
Land Size
685m2
Local Government
Newcastle
Lot/Plan
2/SP18565

Last Listing description (August 2016)

This one bedroom unit is in prime location just one kilometre from Merewether Beach and one kilometre to the popular shops and cafes in The Junction.
Set at the rear of a quiet block of only four units, this home comes with a single carport located at the back of the complex.
The entry is combined with the living area and has newly polished timber flooring throughout. A near new kitchen has been highlighted with stunning white features, plenty of cupboard and bench space and an upright electric stove. A dining area is located between the kitchen and lounge area with enough room to accommodate a small table setting.

Off the living area is the spacious bedroom, nestled in the back corner of the building away from the street traffic and driveway.
An internal laundry is combined with the bathroom area. The bathroom is original however features a near new vanity that has been recently installed. The shower is over the bath tub, and the toilet is accessed through the bathroom.
Sorry, no pets. (JD)

Property History for 2/72 Mitchell St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$2,400,000
11 Jun 2024
Listed for Rent
$280/w
25 Aug 2016
  • 11 Jun 2024
    Sold for $2,400,000
  • 18 May 2021
    Sold for $2,200,000
  • 09 Aug 2016
    Listed for Rent $280 / week
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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.
There are currently 30 properties listed for sale, and 14 properties listed for rent in Merewether on OnTheHouse. According to CoreLogic's data, 262 properties were sold in the past 12 months in Merewether.

Suburb Insights for Merewether 2291

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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.