81 Ridge StreetMerewether NSW 2291
Property Details for 81 Ridge St, Merewether
81 Ridge St, Merewether is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1930. The property has a land size of 698m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in June 2023.
Last Listing description (September 2023)
Superbly positioned to embrace a truly convenient coastal lifestyle, this quaint 1930s cottage presents a brilliant investment or development opportunity. Nestled on a generous 696sqm sloping block, you'll become a regular at local cafes and Merewether Baths in no time. You can also grab your pushbike for a breezy ride into the CBD along the coastline to save on parking.
With a lovely north-facing aspect, morning sun rays and views of city nightlights, this property is steeped with possibility. Avid investors will receive an immediate return, with long-term tenants currently residing. Interiors boast authentic ornate ceilings, sash windows, original floorboards, bay windows and leadlight glass, so those who love breathing new life into character-filled homes will thrive.
There's plenty of potential to bring this property contemporary flair. Those looking for a new development project will find significant opportunity to build dual townhouses subject to Council approval.
Set within a tight-knit, beachside community of families and professionals, this property's location is complemented by an easygoing lifestyle that will appeal to many. Enjoy the closeness of local parks and playgrounds, quality schools, coastal walks, mountain bike trails, early morning beach swims, easy access to boutique and major retail, and CBD entertainment venues. Everything you need is just moments from your doorstep.
- Authentic 1930s cottage with northerly aspect in popular Merewether minutes from the beach and CBD
- Three sunlit bedrooms, one renovated bathroom and original kitchen, lovely bay window with leadlight glass, original wide floorboards and ornate ceiling details
- Large 696sqm block with a rear gradient; fully fenced easy-care backyard
- Perfect opportunity for the avid investor with long-term tenants providing an immediate return on investment
- Option to renovate current interiors to provide a more contemporary blueprint or embrace and refresh current elements
- Great development option to build townhouses subject to Council approval; zoned R2
- Minutes from Holy Family School, The Junction Primary School, Gibbs Brothers Park, Mitchell Park and Dixon Park, Merewether Beach and Baths, and popular social hotspots, mountain bike trails and coastal walks, and a range of retail options
- Register now to bid: https://buy.realtair.com/properties/107059
Property History for 81 Ridge St, Merewether, NSW 2291
- 10 Jun 2023Sold for $2,000,000
- 15 May 2023Listed for Sale Auction Guide $2,000,000
- 08 Oct 2019Listed for Rent $430 / week
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0About 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.
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