OFF MARKET

8/575 Hunter Street
Newcastle West NSW 2302

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 2741m2
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Property Details for 8/575 Hunter St, Newcastle West

8/575 Hunter St, Newcastle West is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 2741m2. While the property is not currently for sale or for rent, it was last sold in September 2004.

Building Type
Unit
Year Built
2000
Land Size
2741m2
Local Government
Newcastle
Lot/Plan
8/SP62883

Last Listing description (July 2017)

Designed to maximise space and light, this sleek one bedroom apartment is poised to impress downsizers and executive couples with its stylish finishes, modern interiors, and superior inner-city location. Investors and self-managed super funds will also be rewarded with a guaranteed rental return of $1677 per month, 4% increase per annum and low strata fees of only $143 per quarter.
Positioned within the 4 star rated 'Quest' apartment complex with exclusive access to a gymnasium, lap pool and spa, this supremely comfortable 75sqm apartment comprises a spacious living room opening to a south facing balcony, separate meals area, contemporary galley kitchen with abundant cupboard and bench space, large main bedroom with built in robe, full, generously sized bathroom and prized single car park.
Located just moments to fabulous cafes, chic restaurants, sophisticated wine bars, the soon to be completed transport interchange and the golden sands of Newcastle beach, this cleverly designed gem delivers an unbeatable lifestyle location and is ready to enjoy.

- Inner-city location with coastal walks, cafes, restaurants, the harbour and beaches nearby
- Bright aspect with elevated urban outlooks over the surrounding district
- A generous open living space plus separate dining area
- Seamless outdoor connection to a sunny balcony
- Beautifully presented double bedroom with built-in wardrobe
- Stylishly appointed kitchen with dishwasher and electric cooking
- Liberally sized bathroom, internal laundry, built-in storage and prized carpark
- Security building with lift access and ducted air conditioning
- Access to lap pool, spa, and gymnasium
- Guaranteed rental return from Quest of $1677 per month with a 4% increase per annum
- Low strata fees of $572 and council rates of $522 per annum
- Leased until June 2020 with a further 2x5 year option

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Property History for 8/575 Hunter St, Newcastle West, NSW 2302

A timeline of how this property has performed in the market
Last Sold
$290,000
24 Sep 2004
  • 10 May 2017
    Listed for Sale $390,000 - $429,000
  • 24 Sep 2004
    Sold for $290,000
  • 07 Nov 2002
    Sold for $250,000

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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 1,793 properties. Over the last 5 years, Houses in Newcastle West have seen a 65.31% increase in median value, while Units have seen a 38.53% increase. As at 30 September 2024:

  • The median value for Houses in Newcastle West is $1,389,192 while the median value for Units is $764,277.
  • Houses have a median rent of $560 while Units have a median rent of $650.
There are currently 13 properties listed for sale, and 4 properties listed for rent in Newcastle west on OnTheHouse. According to CoreLogic's data, 75 properties were sold in the past 12 months in Newcastle west.

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