2/575 Hunter StreetNewcastle West NSW 2302
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.
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
- 07 Aug 2024Sold for $450,000
- 12 Jun 2024Listed for Sale Price Guide $460,000
- 06 May 2016Listed 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 1,783 properties. Over the last 5 years, Houses in Newcastle West have seen a 48.32% increase in median value, while Units have seen a 28.53% increase. As at 31 October 2024:
- The median value for Houses in Newcastle West is $1,263,434 while the median value for Units is $728,791.
- Houses have a median rent of $578 while Units have a median rent of $650.
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