SOLD
Sold on 22 Jan 2024 for $920,000

5/15 Railway Street
Merewether NSW 2291

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 104m2
Land area: 1484m2
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Property Details for 5/15 Railway St, Merewether

5/15 Railway St, Merewether is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1983. The property has a land size of 1484m2 and floor size of 104m2. 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
Year Built
1983
Floor Size
104m2
Land Size
1484m2
Local Government
Newcastle
Lot/Plan
1/SP21908

Last Listing description (March 2016)

A wealth of lifestyle options is easily achieved with this contemporary townhouse an easy stroll from The Junction's trendy boutiques and eateries and within walking distance to Merewether and Bar Beach. Its stylish layout effortlessly transitions from indoors to out and captures exceptional light throughout.
Graced with a northerly aspect and freestanding to one side, the home rests privately behind a wall introduced by a sunny courtyard for entertaining or relaxation. Inside, air-conditioned living with under stairs study nook transitions to a bright dining area, modern Caesarstone kitchen, laundry and powder room. Upstairs there are two airy bedrooms and a smart Caesarstone bathroom. A spiral staircase rises to a multi-purpose loft space that caters to a variety of uses including third bedroom, home office, kids' area or simply a great space to relax and unwind. An oversized carport with storage area offers convenient access at the rear of the home.
An affordable entry into the coveted Merewether market, the exceptional convenience of being within minutes of schools, transport and everyday essentials also makes this townhome an appealing investment opportunity.

- A bright open plan layout with timber floors and air-conditioning
- Modern Caesarstone kitchen equipped with electric cooking and dishwasher
- Private courtyard escape enjoys northerly sunshine and features a storage shed
- Two bedrooms furnished with built-in robes and ceiling fans; master is air-conditioned with Juliette balcony
- Excellent lifestyle location walking distance to shops, eateries and beach
- Strata Levies are approximately $2,052 per annum
- Council rates are approximately $1,100 per annum
- Water rates are approximately $550 per annum
- Approximate rental return of $420-450 per week
Contact your selling agent George Rafty.

Property History for 5/15 Railway St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$920,000
22 Jan 2024
Listed for Rent
$300/w
09 Dec 2008
  • 22 Jan 2024
    Sold for $920,000
  • 23 Mar 2016
    Sold for $550,000
  • 03 Mar 2015
    Listed for Sale Offers Over $540,000
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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 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.

Suburb Insights for Merewether 2291

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Disclaimer
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.