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Sold on 09 Nov 2023 for $480,000

7/22 Brown Street
Newcastle NSW 2300

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
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Property Details for 7/22 Brown St, Newcastle

7/22 Brown St, Newcastle is a 1 bedroom, 1 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 1 bedroom Apartment sold in Newcastle in the last 12 months.

Building Type
Apartment
Local Government
Newcastle
Lot/Plan
7/SP81088

Last Listing description (November 2023)

Positioned in the heart of Newcastle's CBD, this one-bedroom apartment appeals to the savvy investor, first home buyer or someone seeking an inner-city lifestyle. The apartment has close proximity to local eateries and bars, simply wander out of your apartment, leave your car at home and enjoy all Newcastle has to offer.

Situated in the front half of the complex, the apartment is flooded with Natural light throughout. The layout is functional and compact, providing scope to add value for the new owner. The kitchen is fully equipped with an electric cooktop and oven, ample storage and plenty of bench space.

Proximity to significant Landmarks:

- Under 1km to NuSpace University Hub.
- Under 400m to Crown Street Light Rail Station.
- Under 2km to Nobbys Beach.
- Under 400m to Hunter Street Mall.

Property Features:
- Split system Air Conditioning System
- Allocated Car Space.
- Ensuite off the bedroom.
- Separate bedroom and living areas.

- Strata Rates: Approx. $2,750 p/a (Strata Report available upon Request)
- Water Rate: Approx. $740 p/a + usage.
- Council Rates: Approx. $1,600 p/a.
- Current Rental Return: $420 p/w (Lease Expires 19/12/23)

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Property History for 7/22 Brown St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$480,000
09 Nov 2023
Listed for Rent
$400/w
07 Dec 2021
  • 09 Nov 2023
    Sold for $480,000
  • 31 Aug 2023
    Listed for Sale Guide on Request
  • 25 Nov 2021
    Listed for Rent $400 / 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 5,013 properties. Over the last 5 years, Houses in Newcastle have seen a 39.10% increase in median value, while Units have seen a 38.65% increase. As at 30 September 2024:

  • The median value for Houses in Newcastle is $1,716,598 while the median value for Units is $930,146.
  • Houses have a median rent of $750 while Units have a median rent of $660.
There are currently 36 properties listed for sale, and 11 properties listed for rent in Newcastle on OnTheHouse. According to CoreLogic's data, 278 properties were sold in the past 12 months in Newcastle.

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