OFF MARKET

48/575 Hunter Street
Newcastle West NSW 2302

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 83m2
Land area: 2739m2
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Property Details for 48/575 Hunter St, Newcastle West

48/575 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 83m2. While the property is not currently for sale or for rent, it was last sold in August 2016.

Building Type
Unit
Year Built
2000
Floor Size
83m2
Land Size
2739m2
Local Government
Newcastle
Lot/Plan
48/SP62883

Last Listing description (October 2016)

Located in the ten storey Quest Apartments complex, this apartment offers an affordable opportunity to buy into inner city living.
Representing excellent value for first home buyers and investors alike, this sixth floor abode presents a great opportunity to get your foot in the door of this building comprising of 67 apartments. This unit is currently tenanted until January 2017 for $455 per week, so you will have the opportunity to start reaping the rewards of such a great investment immediately.
The well-appointed kitchen offers a dish drawer and ample cabinetry, complete with breakfast bar and flows to the open lounge and dining room. Both bedrooms feature mirrored built-in robes and the master bedroom opens up onto a private balcony and own ensuite. The second bedroom is easily serviced by the main bathroom complete with bathtub.

The apartment is further enhanced by a host of amenities available to residents only. These include an indoor pool, spa and a gymnasium, which are all moments from the entry of the apartment. The atmospheric surrounds and proximity to Newcastle's most popular entertainment offerings will please those with the most discerning tastes.
Situated only minutes from the CBD, Event Cinemas, trendy boutique shops and cafes and moments from our most exquisite beaches, this gives buyers the chance to enter the market or add to a current portfolio with a current return already in place.

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Property History for 48/575 Hunter St, Newcastle West, NSW 2302

A timeline of how this property has performed in the market
Last Sold
$475,000
30 Aug 2016
Listed for Rent
$465/w
01 Jul 2016
  • 30 Aug 2016
    Sold for $475,000
  • 15 Aug 2016
    Listed for Sale $475,000
  • 01 Jul 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 1,791 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 12 properties listed for sale, and 6 properties listed for rent in Newcastle west on OnTheHouse. According to CoreLogic's data, 69 properties were sold in the past 12 months in Newcastle west.

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