27 King StreetNewcastle NSW 2300
Property Details for 27 King St, Newcastle
27 King St, Newcastle is a 4 bedroom, 3 bathroom House. The property has a land size of 141m2. While the property is not currently for sale or for rent, it was last sold in June 2022.
Last Listing description (June 2022)
Seize this rare opportunity to secure a three-storey building in the heart of Newcastle CBD that's zoned R4 for high density residential or commercial development (STCA). Use the solid return from the well-established Thai restaurant on the ground floor to fund the full renovation of the upper two levels, and take full advantage of this prime location that's a short stroll to Newcastle Beach, Hunter Street Mall and light rail stops.
Successful Thai restaurant on the ground floor offers immediate return
First and second floors are partially renovated and await completion
Large rooftop terrace with city views and ocean glimpses
Stunning central timber staircase offers old-world appeal
Beautiful Art Deco facade in good condition for easy restoration
Ideal CBD location surrounded by popular cafes and restaurants
The established Thai restaurant on the ground floor has been superbly renovated and offers an immediate return with no work to do.
The upper two levels both feature large eat-in kitchen spaces, separate living rooms, two potential bedrooms and bathroom facilities. They suit conversion into two spacious luxury apartments, or could be utilised as commercial office space with a central CBD address.
The large, easily accessible rooftop also offers enormous potential to create a shared alfresco living space with city views and ocean glimpses.
Call John Todorovski at Dotcom Property Sales on 0438 528 322 to organise your inspection today.
Property History for 27 King St, Newcastle, NSW 2300
- 03 Jun 2022Sold for $2,500,000
- 21 Sep 2020Listed for Sale Guide $1,950,000
- 15 Jul 1992Sold for $180,000
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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 5,100 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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