OFF MARKET

38/575 Hunter Street
Newcastle West NSW 2302

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 82m2
Land area: 2739m2
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Property Details for 38/575 Hunter St, Newcastle West

38/575 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 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in October 2022.

Building Type
Unit
Year Built
2000
Floor Size
82m2
Land Size
2739m2
Local Government
Newcastle
Lot/Plan
38/SP62883

Last Listing description (October 2022)

Foreshore walks, sea breezes, city lights, and harbour sounds all come with the territory at the magnificent Quest Apartments in popular Newcastle West. This superb 2 bedroom apartment is perfectly established in a sought-after area with features to accommodate short to medium term tenancy for visiting professionals or extended family. A fantastic investment opportunity, take peace of mind that accommodation is managed by Newcastle Quest Inn Pty Ltd with this apartment incorporating a 5 year lease from June 2020. Currently returning $510 per week with the tenant paying 50% of council rates, 100% of water rates and 100% of Strata Admin Levy.

Centrally located amongst the vibrancy of city life, this fifth-level apartment offers stylish contemporary design and will impress. The kitchen is sleek and presents excellent storage options, quality appliances and lovely wooden flooring. Enjoy the warm natural light in the living area as it floods through glass sliding doors that lead out to the elevated balcony. Both bedrooms are immaculately presented, incorporating ceiling fans and built-in robes for convenience and a modern ensuite to the main. The main bathroom is cleverly configured to include a bathtub for relaxation after a long day. Tenants will also have access to the fabulous amenities available within the complex, such as the gym, indoor pool and secure parking.

The Quest Apartment complex is situated within minutes walk from popular eateries, the developing foreshore, Wickham interchange and Newcastle's revitalised CBD. So if you're looking to invest in the flourishing Newcastle market, this apartment will tick all the boxes. This is your moment.

- Modern apartment in the centre of Newcastle's CBD
- 2 bedrooms with BIRs; ensuite to the main; internal laundry
- 2 stylish bathrooms; bathtub in the main
- Quality kitchen appliances and ample cabinetry for storage
- Open-plan living/dining with direct access to a private balcony
- Use of complex amenities including gym, pool; secure single car space
- Walking distance to Nobbys Headland, the cruising yacht club, eateries, entertainment, Newcastle's foreshore and Wickham Interchange

Property History for 38/575 Hunter St, Newcastle West, NSW 2302

A timeline of how this property has performed in the market
Last Sold
$485,000
17 Oct 2022
  • 17 Oct 2022
    Sold for $485,000
  • 17 Aug 2021
    Listed for Sale $495,000
  • 13 Aug 2013
    Sold for $300,500
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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.

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.