OFF MARKET

1/113 King Street
Newcastle NSW 2300

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 87m2
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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 floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
1920
Floor Size
87m2
Local Government
Newcastle
Lot/Plan
1/SP79018

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.

* Living, separate dining and alfresco zone.
* 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

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Property History for 1/113 King St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$920,000
12 Apr 2021
Listed for Rent
$419/w
12 Sep 2019
  • 12 Apr 2021
    Sold for $920,000
  • 21 Oct 2020
    Listed for Sale For Sale $869,000
  • 19 Aug 2019
    Listed for Rent - Price not available
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About 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 4,963 properties.

    There are currently 34 properties listed for sale, and 16 properties listed for rent in Newcastle on OnTheHouse. According to CoreLogic's data, 277 properties were sold in the past 12 months in Newcastle.

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