2/16 Watt StreetNewcastle NSW 2300
Property Details for 2/16 Watt St, Newcastle
2/16 Watt St, Newcastle is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1950. The property has a land size of 120m2 and floor size of 103m2. While the property is not currently for sale or for rent, it was last sold in July 2020.
Last Listing description (December 2021)
Immersed in this wonderful east end locale, this funky 2-bedder combines inner-city apartment living with spacious proportions and a pinch of New York style. Positioned on the first floor amidst a mix of residential and commercial spaces and Watt Street Athletic gym on the ground floor, it offers a huge open plan living area accentuated by 3.2m ceilings with a/c and ceiling fans for climate control. A floor to ceiling glass door accesses an alfresco balcony where the throng of the city and glimpses of the harbour are yours to enjoy. While a Caesarstone-topped kitchen, two bathrooms and a study nook are all plain to see, the inclusion of a secure car spot is a delightful surprise. From the harbour and beach, to lively cafes, bars and restaurants as well as the city's entertainment scene and weekend community events, it's all there on the doorstep for you to enjoy.
- First floor apartment in CBD building Zoned B4 Mixed Use
- Secure entry and open-air car space set behind electric gate
- Living space is spacious, bright and air-conditioned with tiled floors and ceiling fans
- Modern kitchen with electric cooking, Caesarstone benches and dishwasher
- Historical street setting footsteps to harbour foreshore, beaches and light rail
- Readymade investment with happy tenant on lease returning $460 per week
Property History for 2/16 Watt St, Newcastle, NSW 2300
- 27 Jul 2020Sold for $670,000
- 30 Jun 2020Listed for Sale $620,000 to $670,000
- 08 Oct 2019Listed for Rent $460 / week
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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 5,102 properties. Over the last 5 years, Houses in Newcastle have seen a 57.34% increase in median value, while Units have seen a 40.93% increase. As at 31 August 2024:
- The median value for Houses in Newcastle is $1,884,487 while the median value for Units is $939,602.
- Houses have a median rent of $700 while Units have a median rent of $650.
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