SOLD
Sold on 07 Aug 2024 for $450,000

2/575 Hunter Street
Newcastle West NSW 2302

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 2739m2
Sold By
Robinson Property
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Property Details for 2/575 Hunter St, Newcastle West

2/575 Hunter St, Newcastle West is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 2739m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Newcastle West in the last 12 months.

Building Type
Unit
Year Built
2000
Land Size
2739m2
Local Government
Newcastle
Lot/Plan
2/SP62883

Last Listing description (September 2024)

Nestled within the centrally located Quest Apartments complex, this exceptional two-bedroom unit is the quintessential set-and-forget investment. Operating as short-term accommodation, leased to Quest with a guaranteed monthly rental return of $2719.52 ($32,634.32 pa) at 4 per cent CPI, this apartment brilliantly caters to the vibrant tourism economy of Newcastle.

This investment gem offers a spacious floorplan and a huge alfresco terrace providing space to move, and room to relax. Guests enjoy a bright open plan design, two robed bedrooms, two bathrooms, a fully equipped kitchen, and a laundry. Quest Apartments also offers resort-style amenities including a heated pool, gym, spa, and the popular Happy Wombat restaurant/bar conveniently located on the ground floor. A secure car space is also included making this place perfect for weekend escapes or regularly in-town business people.

The Quest complex is situated in the thick of the action, which means you're just a hop, skip, and a jump away from beautiful beaches, harbourside Honeysuckle and all the eateries and bars in the area. Whether you want to hit the waves or sip a cocktail, everything is within reach.

- Bright open plan layout with a/c & access to large alfresco terrace overlooking Hunter St
- Kitchen with electric cooktop, oven and dish drawer
- Two robed and carpeted bedrooms
- Main bathroom with shower over bathtub, master ensuite with shower
- Secure parking space, use of gym, spa, heated pool, instant access to dining and bars
- Quest pays 50 per cent of council rates, 100 per cent of water, and the admin part of strata fees
- Guaranteed monthly return of $2719.52 = $32,634.32 pa 4 per cent CPI each year
- Jump on the light rail across the road to Newcastle Beach or Interchange
- Marketown is a 5 minute walk from the front door for groceries and shopping

Property History for 2/575 Hunter St, Newcastle West, NSW 2302

A timeline of how this property has performed in the market
Last Sold
$450,000
07 Aug 2024
Listed for Rent
$671/w
12 Oct 2016
  • 07 Aug 2024
    Sold for $450,000
  • 12 Jun 2024
    Listed for Sale Price Guide $460,000
  • 06 May 2016
    Listed for Rent - Price not available
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About Newcastle West 2302

The size of Newcastle West is approximately 0.8 square kilometres. It has 5 parks covering nearly 31.8% of total area. The population of Newcastle West in 2011 was 593 people. By 2016 the population was 619 showing a population growth of 4.4% in the area during that time. The predominant age group in Newcastle West is 20-29 years. Households in Newcastle West are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Newcastle West work in a professional occupation. In 2011, 36% of the homes in Newcastle West were owner-occupied compared with 35.9% in 2016..

Newcastle West has 1,792 properties. Over the last 5 years, Houses in Newcastle West have seen a 65.31% increase in median value, while Units have seen a 38.53% increase. As at 30 September 2024:

  • The median value for Houses in Newcastle West is $1,389,192 while the median value for Units is $764,277.
  • Houses have a median rent of $560 while Units have a median rent of $650.
There are currently 12 properties listed for sale, and 6 properties listed for rent in Newcastle west on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Newcastle west.

Suburb Insights for Newcastle West 2302

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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.