SOLD
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Sold on 08 Nov 2024 for $2,250,000

33 Morgan Street
Merewether NSW 2291

Bedrooms: 7
Bathrooms: 4
Car spaces: 6
Land area: 506m2
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Property Details for 33 Morgan St, Merewether

33 Morgan St, Merewether is a 7 bedroom, 4 bathroom Unit with 6 parking spaces. The property has a land size of 506m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 7 bedroom Unit sold in Merewether in the last 12 months.

Building Type
Unit
Land Size
506m2
Local Government
Newcastle
Lot/Plan
1/DP794817

Last Listing description (November 2024)

This is the kind of exciting real estate prospect that doesn't come along every day. Sitting on a 505.9sqm corner block with dual frontage to desirable Berner Street and zoned R3 Medium Density, this property offers immense potential. Whether you're looking for a home with income, a dual income investment, or most exciting of all, a potential-packed opportunity for developers, this block is sure to capture your imagination.

The current dual-level building holds two units on one title. Downstairs, the owners have created a beautifully renovated three-bedroom, two-bathroom home, while upstairs, the original four-bedroom, two-bathroom unit provides a steady rental income.

With options aplenty, you could continue living in the stylish downstairs space while keeping that income stream flowing from the upstairs unit. Alternatively, rent out both for dual income, or renovate upstairs to maximise the rental potential, or make it your own. But what really sets this property apart is the sheer potential for developers. A rare corner block of this size and zoning opens the door to designing multiple dwellings or perhaps a luxurious duplex (STCA).

And then there's the lifestyle. Nestled in the heart of Merewether, you'll have your pick of sun, surf, and sand. A quick 1km run will land you at either Dixon Park Beach or Merewether Beach. For socialising, you've got The Beach Hotel, The Prince, and Mary Ellen just around the corner, plus easy access to The Junction for shopping and dining.

- 20.12m frontage to Morgan Street, 25.25m frontage to Berner Street
- Zoned R3 Medium Density Residential
- Fully renovated 3-bed, 2-bath, 2-parking on ground floor
- Original 4-bed, 2-bath, 1-parking upstairs, currently returning $620pw
- The Junction Public School & St Joseph's Primary – 1km
- Llewellyn Street shops – 500m

Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.

Property History for 33 Morgan St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$2,250,000
08 Nov 2024
  • 08 Nov 2024
    Sold for $2,250,000
  • 10 Oct 2024
    Listed for Sale Auction
  • 24 Apr 2008
    Sold for $700,000
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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.
There are currently 23 properties listed for sale, and 8 properties listed for rent in Merewether on OnTheHouse. According to CoreLogic's data, 264 properties were sold in the past 12 months in Merewether.

Suburb Insights for Merewether 2291

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Tom Lemke
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Zara Gusmerini
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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.