SOLD
Sold on 22 Dec 2023 for $3,150,000

89 City Road
Merewether NSW 2291

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1726m2
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Property Details for 89 City Rd, Merewether

89 City Rd, Merewether is a bedroom, bathroom House. The property has a land size of 1726m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other bedroom House sold in Merewether in the last 12 months.

Building Type
House
Land Size
1726m2
Local Government
Newcastle
Lot/Plan
4/DP162618

Last Listing description (October 2008)

EXPOSED PLATINUM APPROVED CAR WASH CAFE.
PERFECTLY LOCATED APPROXIMATELY 3KMS/ 5 MINS APPROX FROM THE HEART OF THE NEWCASTLE CBD A MORE IDEAL/CENTRAL. LOCATION IN THE 'RIGHT' LOCATION IS RARE TO FIND.
THE PACIFIC HIGHWAY BECOMES CITY ROAD AS YOU APPROACH NEWCASTLE PROVIDING EXPOSURE TO MORE THAN 8 MILLION CARS EVERY YEAR (RTA 2004).

•DA APPROVED CAFE CAR WASH.
•GREAT EXPOSURE TO CITY ROAD/ PACIFIC HIGHWAY.
•ONE OF THE MAIN ARTERIAL ROADS INTO NEWCASTLE CBD ONLY 5 MINS - 3KMS AWAY.
•BUSINESS PLAN AND REPORTS AVAILABLE TO INTERESTED PARTIES.
•OPPORTUNITY TO CAPTURE THE MARKET - PROBABLY ONLY ONE OF ITS KIND IN CLOSE PROXIMITY TO THE NECASTLE CBD.

Property History for 89 City Rd, Merewether, NSW 2291

A timeline of how this property has performed in the market
Last Sold
$3,150,000
22 Dec 2023
Listed for Rent
$1.15k/w
24 Oct 2008
  • 22 Dec 2023
    Sold for $3,150,000
  • 20 Nov 2008
    Sold for $1,150,000
  • 21 Feb 2008
    Listed for Sale $1,200,000
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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 5,872 properties. Over the last 5 years, Houses in Merewether have seen a 65.50% increase in median value, while Units have seen a 48.88% increase. As at 30 September 2024:

  • The median value for Houses in Merewether is $1,875,478 while the median value for Units is $859,119.
  • Houses have a median rent of $800 while Units have a median rent of $575.
There are currently 27 properties listed for sale, and 7 properties listed for rent in Merewether on OnTheHouse. According to CoreLogic's data, 248 properties were sold in the past 12 months in Merewether.

Suburb Insights for Merewether 2291

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Raine & Horne Commercial New Castle
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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.