20/575 Hunter StreetNewcastle West NSW 2302
Property Details for 20/575 Hunter St, Newcastle West
20/575 Hunter St, Newcastle West is a 1 bedroom, 1 bathroom Unit 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 May 2013.
Last Listing description (July 2013)
This 1 Bedroom apartment offers the opportunity of "hassle free" investment as the property is managed by Quest Serviced apartments.
It is currently in year 3 of a 5 year lease back to Quest with provisions for a further 3 x 5 year blocks on completion.
The current lease is returning $1385 per month with the annual 4% increase in June this figure will be topped up to $1440.
The property also features:
Indoor pool & Spa
Gymnasium
Monitored Secure Access
Modern Kitchen with slide out dish draw
Internal Laundry
Guaranteed Income
For more information or to arrange a convenient time to inspect the property, call or SMS Ryan or Neil on 0438 738 316 or email ryan@dotcompropertysales.com
Property History for 20/575 Hunter St, Newcastle West, NSW 2302
- 09 May 2013Sold for $234,200
- 09 Jan 2013Listed for Sale $238,000
- 20 May 2011Listed for Sale $238,000
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0About 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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