OFF MARKET

3/575 Hunter Street
Newcastle West NSW 2302

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 82m2
Land area: 2740m2
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Property Details for 3/575 Hunter St, Newcastle West

3/575 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 2740m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in September 2013.

Building Type
Unit
Year Built
2000
Floor Size
82m2
Land Size
2740m2
Local Government
Newcastle
Lot/Plan
3/SP62883

Last Listing description (October 2013)

Current net return 6.08%

Offering a 4 1/2 Star Hotel Rating

Huge outdoor deck with Northerly aspect

Spacious living area, ample natural light

Smart kitchen, gas cooking, internal laundry

Security parking for one car, plus gymnasium and pool in the complex

Income: $1799.13 per calendar month guaranteed 4% increase payable annually

Lease: 5 Years + 3 x 5 year options commenced 12 June 2010

Outgoings:
Council Rates: $954.73 pa (50% paid by lessee)
Water Rates: $653.61 pa (paid by lessee)
Strata Admin: $2,504.88 pa (paid by lessee)
Strata Maint: $1,161.00 pa (paid by lessor)
Maintenance of fixtures/fittings to be paid by lessee

Call John Trzecinski on 0418 685 955 or email john@ren.com.au for more information

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Property History for 3/575 Hunter St, Newcastle West, NSW 2302

A timeline of how this property has performed in the market
Last Sold
$325,000
10 Sep 2013
  • 10 Sep 2013
    Sold for $325,000
  • 12 Aug 2013
    Listed for Sale Sold - $325,000
  • 18 Sep 2000
    Sold for $283,000

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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.
There are currently 13 properties listed for sale, and 2 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.

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