OFF MARKET

7/47 Mitchell Street
Merewether NSW 2291

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 68m2
Land area: 1387m2
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Property Details for 7/47 Mitchell St, Merewether

7/47 Mitchell 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 1387m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in June 2020.

Building Type
Unit
Year Built
1980
Floor Size
68m2
Land Size
1387m2
Local Government
Newcastle
Lot/Plan
7/SP16230

Last Listing description (October 2021)

Perfectly positioned for a quick surf or swim at either Merewether or Dixon Park beach, this apartment sunny north-east aspect and first floor setting make it a perfect market entry or investment with The Junctions boutique shopping, everyday essentials or choice of eateries just 700m from home. The well-proportioned unit opens to a sunny balcony set to the rear of the block giving it a sense of peace and privacy. Two robed bedrooms are generous in size, while a centrally located bathroom with shower and bath, an internal laundry and dedicated undercover car space tie the bow. Comfortable as is, there's scope to add value with a contemporary revamp capitalising on its fabulous address. - Tidy brick block of just 12 apartments- Air-conditioned living area connects to private balcony- Northeast aspect fills its interiors with natural light and fresh sea breezes- Modern open kitchen fitted with electric cooking and slimline dishwasher- Both bedrooms appointed with original timber built-in robes- Original bathroom with separate w/c; internal laundry- Only 700m to shopping, eateries and schools at The Junction- Brilliant first home or investment opportunity- Council rates are approximately $1500 per year- Strata rates are approximately $2800 per yearDisclaimer: 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.

Property History for 7/47 Mitchell St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$515,000
12 Jun 2020
Listed for Rent
$455/w
29 Jul 2021
  • 16 Jul 2020
    Listed for Rent $450 / week
  • 12 Jun 2020
    Sold for $515,000
  • 03 Jun 2020
    Listed for Sale $500,000 - $530,000
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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 5,876 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 19 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.

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.