OFF MARKET

5/54 Railway Street
Merewether NSW 2291

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 58m2
Land area: 977m2
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Last updated 11 Nov 2024
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Property Details for 5/54 Railway St, Merewether

5/54 Railway St, Merewether is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 977m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in December 2022.

Building Type
Unit
Year Built
1980
Floor Size
58m2
Land Size
977m2
Local Government
Newcastle
Lot/Plan
5/SP16156

Last Listing description (December 2022)

This sun-filled 2 bedroom apartment offers a convenient lifestyle close to our iconic Beaches, creating a superb opportunity for both first home buyers and savvy investors. Funky in character with light & bright interiors, this home embodies comfort and convenience.

Features Includes:-
* Large bedrooms with mirrored built-in-wardrobes

* Restored bathroom with shower and bath
* Comfortable as is, yet offers scope to add your own creative flair
* Walk to cafes, restaurants, Llewellyn St boutique shops & The Junction Shopping Centre
* An easy and quick commute to the city
* Single Lock up garage

Property History for 5/54 Railway St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$620,000
16 Dec 2022
Listed for Rent
$525/w
20 May 2022
  • 16 Dec 2022
    Sold for $620,000
  • 29 Nov 2022
    Listed for Sale $580,000 - $620,000
  • 20 Apr 2022
    Listed for Rent $525 / 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 5,772 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 24 properties listed for sale, and 8 properties listed for rent in Merewether on OnTheHouse. According to CoreLogic's data, 263 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.