1/113 King StreetNewcastle NSW 2300
Property Details for 1/113 King St, Newcastle
1/113 King St, Newcastle is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1920. The property has a land size of 831m2 and floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in April 2021.
Last Listing description (May 2021)
A rare, diverse and brilliantly located inner-city property has hit the market and it won't be short of attention. Configured as a modern 2-bedroom apartment upstairs and a very well-equipped lower level office, both are connected by an internal staircase. The apartment is vacant and ready to let or occupy while the office is leased to a consulting firm and returning $17,926 PA + GST, making this a lucrative separately leased dual-income deal for investors. This is also an outstanding opportunity for those who work from home but like to separate work life from home life. The office fronts King Street in a high exposure location with direct street access.
* East end inner-city apartment and office.
* Upstairs 2-bedroom apartment with views.
* Downstairs office with reception and boardroom.
* Office includes a kitchenette and bathroom.
* Easy access to office via internal staircase.
* Apartment = 100m2, Office = 69m2.
* Includes a secure car space with remote access.
Council Rates: $1,382 PA approx
Water Rates: $621 + Usage PA approx
Strata Levies: $5,020 PA approx
Rental Potential: $39,766 PA approx
Property History for 1/113 King St, Newcastle, NSW 2300
- 12 Apr 2021Sold for $920,000
- 21 Oct 2020Listed for Sale For Sale $869,000
- 19 Aug 2019Listed for Rent - Price not available
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0About Newcastle 2300
The size of Newcastle is approximately 4.9 square kilometres. It has 25 parks covering nearly 10.5% of total area. The population of Newcastle in 2011 was 2,384 people. By 2016 the population was 2,752 showing a population growth of 15.4% in the area during that time. The predominant age group in Newcastle is 20-29 years. Households in Newcastle are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Newcastle work in a professional occupation. In 2011, 44.1% of the homes in Newcastle were owner-occupied compared with 45.7% in 2016.
Newcastle has 5,157 properties. Over the last 5 years, Houses in Newcastle have seen a 30.38% increase in median value, while Units have seen a 34.90% increase. As at 31 December 2024:
- The median value for Houses in Newcastle is $1,586,585 while the median value for Units is $941,146.
- Houses have a median rent of $750 while Units have a median rent of $695.
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