SOLD
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Sold on 30 Jul 2024 for $825,000

308/386 King Street
Newcastle NSW 2300

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 308/386 King St, Newcastle

308/386 King St, Newcastle is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Unit sold in Newcastle in the last 12 months.

Building Type
Unit

Last Listing description (July 2024)

Perched on the third floor of one of the city's most impressive residential buildings, this Sky Residences apartment is your ticket to an unbeatable inner-city lifestyle or a rock-solid investment. Bathed in north-westerly light, the open floor plan flows seamlessly onto a spacious balcony, offering nearly 18sqm of outdoor relaxation and entertaining space. Inside, glide across engineered oak floors and admire the vibrant green VJ panelled walls, and fall in love with cooking again in the sleek island kitchen, featuring dark timber cabinets, Smeg appliances, and stone benchtops. You've got two robed bedrooms here – the main one's got a walk-in robe and an ensuite, plus there's a second bathroom and a secure parking spot. But what really sets Sky Residences apart are the amenities. Imagine taking a dip in a heated pool, hitting the gym, or stretching it out in a residents-only Pilates room. And then there's the Sky Lounge rooftop terrace. Picture yourself mixing drinks at the barbecue, soaking up the indoor-outdoor vibe, or chilling by the fire pit with panoramic views of the Newcastle skyline and harbour. Living here means you're right in the thick of it. Cafes, bars, restaurants, Newcastle University's city campus, Civic Theatre, and transport are all within arm's reach.

- Bright open plan living with engineered oak floors and ducted a/c
- 18sqm balcony with NW aspect accessed from living area and main bedroom

- Caesarstone island kitchen with electric hob, wall oven and semi-integrated dishwasher
- Two robed bedrooms served by two bathrooms, with frameless glass showers, in wall w/c
- Secure single car space plus storage cage
- Resort facilities include heated outdoor pool, fitness center and rooftop terrace
- Stroll to harbourside Honeysuckle, Darby Street, Newcastle University city campus.

- Council Rates: Approx. $1,600 p/a
- Water Rates: Approx. $700 p/a + usage
- Strata Rates: Approx. $5,700 p/a.
- Current Rental Return: $750 p/w (Lease Expires 2/10/24)

**Disclaimer: All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.**

Disclaimer:
All information provided by Wilton Lemke Stewart in the marketing of a property for sale or lease has been sourced from various third-party outlets that we deem reliable. Nonetheless, Wilton Lemke Stewart cannot ensure its absolute accuracy, and we bear no responsibility and disclaim all liability for any errors, omissions, inaccuracies, or misstatements in the information provided. Prospective buyers and tenants are encouraged to conduct their own due diligence and rely on their own investigations. All images, measurements, diagrams, renderings, and data are indicative and for illustrative purposes only, subject to potential changes.

Property History for 308/386 King St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$825,000
30 Jul 2024
Listed for Rent
$750/w
28 Sep 2023
  • 30 Jul 2024
    Sold for $825,000
  • 16 May 2024
    Listed for Sale Guide $780,000 - $850,000
  • 13 Sep 2023
    Listed for Rent $750 / 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 5,138 properties. Over the last 5 years, Houses in Newcastle have seen a 44.29% increase in median value, while Units have seen a 34.78% increase. As at 30 November 2024:

  • The median value for Houses in Newcastle is $1,707,409 while the median value for Units is $937,865.
  • Houses have a median rent of $830 while Units have a median rent of $690.
There are currently 33 properties listed for sale, and 22 properties listed for rent in Newcastle on OnTheHouse. According to CoreLogic's data, 268 properties were sold in the past 12 months in Newcastle.

Suburb Insights for Newcastle 2300

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Nick Stewart
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James English
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Wilton Lemke Stewart
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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.