OFF MARKET

4/42 Morgan Street
Merewether NSW 2291

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 66m2
Land area: 79m2
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Property Details for 4/42 Morgan St, Merewether

4/42 Morgan St, Merewether is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 79m2 and floor size of 66m2. While the property is not currently for sale or for rent, it was last sold in May 2023.

Building Type
Unit
Year Built
1970
Floor Size
66m2
Land Size
79m2
Local Government
Newcastle
Lot/Plan
4/SP5110

Last Listing description (July 2023)

Convenient Ground Floor Apartment in Small Complex

Delivering a dream lifestyle within the golden triangle of Merewether's popular corner pubs and a few short blocks from local shops, this relaxed unit holds a premium ground level position within a well-kept complex. Once over the threshold, you are greeted by an open plan living and dining area that effortlessly merges with a generous gas-equipped kitchen with dishwasher drawer and laundry facilities. Quietly located at the back of the unit are two bedrooms with built in robes. A single carport is a huge bonus and the interiors have been meticulously maintained

* Affordable entry into coastal Merewether, move-in or rent-out ready

* Open living/dining area with split-system AC and a tiled floor for easy upkeep
* Perfectly-kept kitchen with breakfast bar, fully tiled three-way bathroom
* Two bedrooms, both equipped with a built-in robe to maximise storage
* Plantation shutters add a stylish touch to internal windows
* Two small steps at the entry provide an option for all ability access
* Stroll to the local village shops for your morning paper or coffee
* Walking distance to Merewether and Dixon Park Beaches
* Start each day with a surf, end each day with a swim
* Under 2km to Merewether Surfhouse and the Beaches Hotel

Council Rates: $ 1,724 PA approx
Water Rates: $714 + Usage PA approx
Strata Levies: $919 PQ approx
Rent Potential: $500 - $550 PW approx

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Property History for 4/42 Morgan St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$645,000
26 May 2023
Listed for Rent
$400/w
15 Jan 2018
  • 26 May 2023
    Sold for $645,000
  • 15 Mar 2023
    Listed for Sale $649,000
  • 04 Jan 2018
    Listed for Rent $400 / 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 5,876 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 20 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.

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