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Sold on 01 Nov 2024 for $2,150,000

59 Hunter Street
Newcastle NSW 2300

Bedrooms: 1
Bathrooms: 2
Car spaces: -
Land area: 330m2
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Property Details for 59 Hunter St, Newcastle

59 Hunter St, Newcastle is a 1 bedroom, 2 bathroom House. The property has a land size of 330m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 1 bedroom House sold in Newcastle in the last 12 months.

Building Type
House
Land Size
330m2

Last Listing description (November 2024)

Nestled in the heart of the city just a block from both the beach and harbour, this unique Art Deco building offers a brilliant lifestyle. The P & O building includes both a ground-floor commercial premises and stunning two-storey loft apartment above. Live above with income from the currently leased commercial area - or move your business below your home.

Commissioned in 1935 by the Queensland Insurance Company, the building was reimagined by renowned architect W.D. Jeater, who designed the Art Deco four-inch-thick glazed terra cotta facade and the arches that now frame the residence balcony. Jeater also opened the internal spaces with double height ceilings and panels of windows which are beautiful plus enable cross-ventilation.

Zoned B4 – Mixed Use, the north facing building has undergone significant transformations, including Shaddocks architects renovation in 2010 and a sophisticated residential update in 2021. The seperate commercial space is currently outfitted with offices, reception area, kitchenette and bathroom. The commercial space could easily be converted into a shop or gallery. Meanwhile the loft apartment impresses with an open-plan layout, soaring 3.5m ceilings, custom joinery and a private rooftop garden.

Whether you're drawn by its architectural heritage, potential for lifestyle flexibility or the allure of city living - this unique property represents a rare chance to own a piece of Newcastle's storied past while shaping its future.

− Residential two-level loft apartment with roof garden ~ 220sqm
− Whole wall of joinery for personal library and double glazed northern windows
− Kitchen: Neff ovens (2) + induction cooktop, two integrated Fisher & Paykel fridge/freezers, Bosch dishwasher
− Weber BBQ, plumbed sink, bar fridge, motorised awning on the private roof garden,
− A/C throughout; Ethanol fireplace in the lounge/dining area
− The ground floor ceiling is over 4m and the first floor is over 3.5m
− Commercial space ~110sqm, currently returning $44kpa until June 2025 with an option of an additional 3-year term
− Potential for strata titling and selling the spaces individually (STCA)
- Council rates: $1132 p/quarter
- Water rates: $300 per quarter

Disclaimer:
We have obtained this property information from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective buyers are advised to carry out their own investigations.

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Property History for 59 Hunter St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$2,150,000
01 Nov 2024
Listed for Rent
$862/w
09 May 2022
  • 01 Nov 2024
    Sold for $2,150,000
  • 08 Oct 2024
    Listed for Sale Auction
  • 18 Sep 2023
    Listed for Sale EOI Guide $2,200,000
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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 5,139 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 24 properties listed for rent in Newcastle on OnTheHouse. According to CoreLogic's data, 267 properties were sold in the past 12 months in Newcastle.

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