SOLD
Sold on 28 Jun 2024 for $2,400,000

87-89 Hunter Street
Newcastle NSW 2300

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 217m2
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Property Details for 87-89 Hunter St, Newcastle

Building Type
Commercial
Year Built
2008
Land Size
217m2
Local Government
Newcastle
Lot/Plan
2/DP152682

Last Listing description (January 2019)

Prime location in Newcastle East End on the main street.
Very busy pedestrian activity.
Two large shops made into one.

Has been utilised as a bakery for the past 17 years.
Grease trap installed, amenities, storage rooms, cool room, gas installed, side walk seating, laneway access.

Contact Patrick Mitchell - 0421 000 033

Property History for 87-89 Hunter St, Newcastle, NSW 2300

A timeline of how this property has performed in the market
Last Sold
$2,400,000
28 Jun 2024
Listed for Rent
18 Jan 2019
  • 28 Jun 2024
    Sold for $2,400,000
  • 02 Sep 2014
    Listed for Rent $675 / week
  • 09 Jul 2013
    Sold for $1,650,000
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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 5,034 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 37 properties listed for sale, and 15 properties listed for rent in Newcastle on OnTheHouse. According to CoreLogic's data, 264 properties were sold in the past 12 months in Newcastle.

Suburb Insights for Newcastle 2300

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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.