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Sold on 12 Jul 2024 for $1,100,000

3/16 Ridge Street
Merewether NSW 2291

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 3/16 Ridge St, Merewether

3/16 Ridge St, Merewether is a 2 bedroom, 1 bathroom Townhouse with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Townhouse sold in Merewether in the last 12 months.

Building Type
Townhouse
Local Government
Newcastle
Lot/Plan
3/SP20698

Last Listing description (July 2024)

Location is everything and it doesn't get much better than this - just footsteps to Merewether Beach and the Merewether Ocean Baths. Huge living area, separate entry, very generous outdoor courtyard areas and in good condition throughout. At the rear of a small 3 only complex with a sunny northerly aspect. Very quiet and very private. Don't delay inspecting this one – it will be very sought after.

* Sought after location near Merewether Beach and Ocean Baths
* A large townhouse - 105m2 internal living + 55m2 courtyard area

* Extra spacious living opening to the 3 courtyard areas
* Exposed timber beams provide an exclusive design element
* In good condition throughout with no work required
* Walk in robe to main bedroom, built in robe to second
* Bathroom has a separate bath and shower, 2nd toilet downstairs
* One of only 3 in the complex with a sunny northerly aspect
* Walk to an array of beachside cafes and eateries
* The Beach Hotel, Surf House and other venues are walking distance
* Here is your opportunity don't let it pass you by

Council Rates: $TBA PA approx
Water Rates: $TBA + Usage PA approx
Rental Potential: $550 - $600 PW approx

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Property History for 3/16 Ridge St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$1,100,000
12 Jul 2024
Listed for Rent
$420/w
13 Jul 2018
  • 05 Jul 2024
    Sold for $1,100,000
  • 26 Jun 2024
    Listed for Sale Auction Guide $1,000,000 - $1,100,000
  • 06 Dec 2017
    Sold
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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.

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