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Sold on 29 Jan 2024 for $958,500

2/87 Watkins Street
Merewether NSW 2291

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 2/87 Watkins St, Merewether

2/87 Watkins St, Merewether is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 2 bedroom Unit sold in Merewether in the last 12 months.

Building Type
Unit

Last Listing description (January 2024)

This two-bedroom apartment is situated in a prime location, even for the ultimate beachside suburb of Merewether. You will be waking up to the sounds of the Pacific Ocean. This location is the epitome of the Newcastle lifestyle, where you can simply cross the road and catch a few waves, take a few laps in the ocean baths or grab your morning coffee, refreshing drink or a delicious bite from the Blue Door Kiosk, Beach Hotel or Merewether Surfhouse.

Property History for 2/87 Watkins St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$958,500
29 Jan 2024
Listed for Rent
$795/w
30 Sep 2024
  • 23 Sep 2024
    Listed for Rent $795 / week
  • 19 Jan 2024
    Sold for $958,500
  • 03 Nov 2007
    Listed for Sale Not Disclosed
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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 5,766 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 28 properties listed for sale, and 13 properties listed for rent in Merewether on OnTheHouse. According to CoreLogic's data, 260 properties were sold in the past 12 months in Merewether.

Suburb Insights for Merewether 2291

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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.