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Sold on 10 Jul 2024 for $770,000

4/58A Merewether Street
Merewether NSW 2291

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Property Details for 4/58a Merewether St, Merewether

4/58a Merewether 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 July 2024. There are other 2 bedroom Unit sold in Merewether in the last 12 months.

Building Type
Unit
Local Government
Newcastle
Lot/Plan
4/SP5075

Last Listing description (July 2024)

The location of this smartly renovated apartment is nothing short of superb promising you a brilliant beachside lifestyle. Stroll across the road to Llewellyn Street for a quick grocery shop, your morning latte, or a take-away pizza. Grab your board or goggles and be in the waves or Merewether Ocean Baths in just a matter of minutes. And if you fancy a bit of shopping or quick lunch, The Junction is less than a kilometre away. Positioned on the first floor in a boutique complex of just four, this two-bedder faces north ensuring natural light and winter sun drifts into every corner. The bathroom, laundry and kitchen benefit from modern updates, while the balcony is a suntrap and a pleasant spot to sit shaded by street trees. A lock-up garage ties the bow. Comfort and convenience are truly equally matched here.

- North facing first floor apartment in small complex of just four homes
- Bright open plan living with a/c, floating floors and crisp décor

- Breezy balcony overlooking street trees
- Modern white kitchen with gas stove, large, renovated laundry room
- Both bedrooms fitted with plush carpet, ceiling fans and built-in robes
- Updated full-size bathroom with shower, bathtub and black tapware
- Single lock-up garage
- Readymade investment, currently returning $530 per week
- Super central location, stroll to beach, shops, The Junction, Lingard Private Hospital
- Council Rates are approximately $2050 per year
- Water Rates are approximately $800 per year
- Strata Levies are approximately $4400 per year

We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 4/58a Merewether St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$770,000
10 Jul 2024
Listed for Rent
$450/w
20 Dec 2019
  • 10 Jul 2024
    Sold for $770,000
  • 24 Jun 2024
    Listed for Sale $770,000
  • 06 Dec 2019
    Listed for Rent $450 / 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 5,771 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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