OFF MARKET

8/87 Mitchell Street
Merewether NSW 2291

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 34m2
Land area: 885m2
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Property Details for 8/87 Mitchell St, Merewether

8/87 Mitchell St, Merewether is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1981. The property has a land size of 885m2 and floor size of 34m2. While the property is not currently for sale or for rent, it was last sold in September 2021.

Building Type
Unit
Year Built
1981
Floor Size
34m2
Land Size
885m2
Local Government
Newcastle
Lot/Plan
8/SP17864

Last Listing description (May 2022)

This entry level one-bedroom unit in thoroughly original condition promises an awesome beachside lifestyle and the opportunity to make it your own with some modern updates.

Just 700m to the beach, life here is easy, breezy, and super convenient. Head off for a surf or swim before work, grab your morning coffee from Commune Convoy across the road, or stroll to the Prince or Burwood Hotel for a drink or dinner with friends.

* Ground floor unit within a brick block of 11 apartments

* Open plan living with original electric-equipped kitchen
* Robed bedroom served by original bathroom
* Representing excellent value for money in an enviable lifestyle setting
* Just 700m to the Merewether beachfront and iconic ocean baths
* Stroll to Llewellyn Street for the local IGA, cafes and bottle shop
* 1km to The Junctions shops and eateries
* Available with vacant possession or with a long-term tenant who would love to stay

Outgoings:
Water: *$673 pa + usage
Council: *$1,480 pa
Strata: *$2,253 pa

For more about Thomas head to www.thomashook.com.au

(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.)

*Approximates only

Property History for 8/87 Mitchell St, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$431,000
30 Sep 2021
Listed for Rent
$180/w
17 Jul 2008
  • 30 Sep 2021
    Sold for $431,000
  • 13 Sep 2021
    Listed for Sale Contact Agent
  • 11 Jul 2008
    Listed for Rent $180 / 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 5,872 properties. Over the last 5 years, Houses in Merewether have seen a 69.02% increase in median value, while Units have seen a 46.67% increase. As at 31 August 2024:

  • The median value for Houses in Merewether is $1,874,869 while the median value for Units is $846,644.
  • Houses have a median rent of $850 while Units have a median rent of $575.
There are currently 26 properties listed for sale, and 7 properties listed for rent in Merewether on OnTheHouse. According to CoreLogic's data, 246 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.